Navigating COVID-19
Goldman Sachs’ new resource center for small business owners and startup entrepreneurs in the US and UK navigating the fallout from COVID-19 includes policy explainers, loan application instructions, related Goldman Sachs programs, and a roundup of additional resources.
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Launch With GS is Goldman Sachs’ $500 million investment strategy grounded in our belief that diverse teams drive strong returns. Through Launch With GS, Goldman Sachs aims to increase access to capital and facilitate connections for women, Black, Latinx and other diverse entrepreneurs and investors.
Companies led by diverse management teams leverage a range of perspectives to better compete in a globalized economy. Companies in the top quartile for ethnic diversity are 33% more likely to have industry-leading profitability, and those in the top quartile for gender diversity are 21% more likely to outperform1. Diverse-owned funds are overrepresented in the top quartile of private equity funds2.
However, just under 3% of venture capital in the United States goes to women-led teams3 and only 1% goes to Black and Latinx founders4. Across venture capital and private equity more broadly, of the $69 trillion of global financial assets under management across, less than 1.3% is managed by women and people of color5.
This market imbalance, coupled with our belief that diverse teams outperform, is the catalyst behind Launch With GS.
Launch With GS continues to evolve. If you are interested in receiving our quarterly newsletter, which features key Launch With GS updates and ecosystem news, please sign up below.
We are excited to welcome a select group of founders and CEOs in the US who are building fast-growing companies at the forefront of innovation and technology.
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The Advisory Council includes leading investors, entrepreneurs and executives who are collaborating with us to narrow investing gaps while driving returns.
Global Account Excellence & Innovation Leader and Global Life Sciences Client Service Partner of EY
“Race and gender investing gaps did not emerge overnight—and will not be solved by any one organization. That’s why we’re partnering with others who share our view that this is both an incredible investing opportunity and the right thing to do.”
Margaret Anadu
Managing Director
Head of the Urban Investment Group
“In Asia, many healthcare, technology and consumer companies are increasingly catering to female consumers. Portfolio companies with a diverse leadership team at the helm have a clear competitive advantage since they are better positioned to understand the true needs of their customers.”
Stephanie Hui
Managing Director
Head of Goldman Sachs Merchant Banking in Asia and Co-head of GS Growth
“The bottom line is this makes sense for our business – because investing and helping companies grow is our business. We also hope it makes a difference for entrepreneurs who have big ideas but find themselves cut out of the funding ecosystem.”
Stephanie Cohen
Chief Strategy Officer
Goldman Sachs
“Diversity is critical to every analytical process. When you bring many different thoughts and unique perspectives together, everyone makes better decisions.”
Lisa Opoku
Managing Director
Global Chief Operating Officer for the Engineering Division
“Entrepreneurs think differently than everyone else – otherwise their idea would already exist. If you’re looking for entrepreneurs in the same place over and over again, you’ll get the same ideas, over and over again.”
Jade Mandel
Vice President
GS Growth
“When we invest in growth companies, amongst other things we are really backing management teams. We look for resilience, passion, and a demonstrated track record of making good decisions. And we believe that diverse teams make better decisions.”
Nishi Somaiya
Managing Director
Global Chief Operating Officer of GS Growth
“We want to work with entrepreneurs who are humble and willing to do the work with us, because in the end they care about creating a great business that lasts. There’s a vision component to investing – what are you trying to build? And a values component – how are you going to build it?”
Darren Cohen
Managing Director
Co-head of GS Growth
“Having worked in the industry for close to a decade, I’ve seen the investing gap firsthand. There’s a real economic benefit to having more diversity on boards and investment committees.”
Olga Kaplan
Vice President
GS Growth
“We believe that having a diverse team makes investors better at understanding risk. The investing industry as a whole has a long way to go when it comes to gender diversity. We can accept that as the way it is, or we can try to change it.”
Julian Salisbury
Managing Director
Global Co-head of Goldman Sachs Merchant Banking
“We believe in the power of community in growing businesses, and that having a diverse network can make the difference in getting to that next level, whether you’re an entrepreneur or an investor. That’s what we’re building with Launch With GS.”
Jemma Wolfe
Vice President
Head of Launch With GS
“A successful investment firm requires a special combination of great investment thinking and great business building. We’ve found that the most thoughtful firms recognize these two skill sets are really distinct. The best managers work hard to build teams with a range of talents that complement, where the whole is truly greater than the sum of the parts.”
Chris Kojima
Managing Director
Alternative Investments & Manager Selection
A series featuring insights and advice from founders and Goldman Sachs investors on entrepreneurship and building businesses
Board meetings are serious business, but that doesn’t mean the only way to run them is by going through twenty-five slides of charts and spreadsheets. Unlocking the creativity and camaraderie of your board can go a long way in helping your business distinguish itself over time.
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A board of directors is not a one-size-fits-all proposition. Companies benefit from different sets of expertise at different stages in their growth, and it’s natural for board composition to evolve as companies mature. Having diverse perspectives around the table can help fill knowledge and skill gaps as the company evolves.
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Your board of directors is working for you 24 hours a day. From a company standpoint, making the most of the board as a resource means knowing what questions to ask and when to ask them – and leveraging the board often, not just during quarterly meetings.
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Often, the best advice comes from people who have been there before. At Goldman Sachs’ Private Internet Company Conference, we asked seven entrepreneurs to share the advice they have for fellow founders on everything from hiring to fundraising to leadership and scaling a successful company.
Learn MoreInvesting in diverse early stage teams with head of Launch With GS Jemma Wolfe - Hear the story behind the Launch With GS Black and Latinx Entrepreneur Cohort and meet Jean Brownhill, founder and CEO of Sweeten, a home renovation marketplace and a participant in the Cohort. Listen Here
Goldman Sachs starts diverse board member policy for handling – Read Article
14 Black and Latinx Entrepreneurs Join Goldman Sachs Launch With GS Cohort - As black and brown founders lead the charge as the fastest-growing groups of entrepreneurs, Goldman Sachs is helping them secure resources and capital as they grow and scale their business. Read Article
Goldman Sachs Announces 2020 Launch With GS Black and Latinx Entrepreneur Cohort - Read Press Release
Goldman Sachs Seeks to Help Black and Latinx Founders Accelerate Their Growth - Goldman Sachs Group Inc. seeks to identify a group of innovative Black and Latinx founders to help them position their ventures to become the next generation of game-changing businesses. Read Article
The State of Goldman Sachs’ Small-Business Lending
Margaret Anadu, head of the Urban Investment Group and Launch With GS lead investor, provides an update on the $500 million Goldman Sachs has committed in lending capital for small businesses. Listen Now
Deepak Chopra, MD, Founder of The Chopra Foundation
In this episode of Talks at GS, Deepak Chopra, MD, discusses his insights on well-being, mindfulness and purpose during these challenging times. Watch Now
Theresia Gouw: Founding Partner of Acrew Capital
In this episode of Talks at GS, venture capitalist Theresia Gouw discusses what she looks for in an early stage company, the opportunities from building a diverse investor team, and the state of venture capital in Silicon Valley. Watch Video
How Computational Biology is Transforming Drug R&D
In this episode of Exchanges at Goldman Sachs, Goldman Sachs Research’s Heath Terry explores the growing world of computational biology—using the power of big data to revolutionize drug discovery, disease prevention and cancer detection. Listen Now
Kirsten Green: Founding Partner of Forerunner Ventures
In this Talks at GS session, Kirsten Green discusses the investing approach that has guided her success as a venture capital investor in fashion, beauty and lifestyle brands, as well as her views on the constantly-shifting consumer landscape. Watch Video
