Goldman Sachs Growth
Curious about the reputation of GS growth - how is it perceived in the GE space?
How are comp and hours at the analyst and associate level?
Exits?
Mar 24, 2021
Mar 24, 2021
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Comments ( 27 )
bump
Interested
They're launching a dedicated growth strategy? So soon, only 15 years into the greatest phase of technological innovation and transformational growth since the Bronze Age?
DJ Sol is the starting pitcher of the t-ball team.
It's housed in MBD, asset management division now. It's been around for 25 years
You have no idea what you're talking about. Stop reading the GS web site, its all made up bullshit.
They did growth investing out of their main PE fund. With the exception of a few people that were purely growth/ VC focused, it was the same investment team as core PE . They did a deep dive that hung all their dog shit performance on the head of deviating from their historic buyout strategy by venturing into growth (instead of the actual reason which was the dog shit club deals they did like TXU and FirstData). After paying McK $5-10mm for this smoke screen, got to keep their jobs and had some marketing talking points for fundraising... naturally they concluded they need to go back to their knitting of buyout PE . Since then their buyout PE has continued to be mediocre at best, they had a massive brain drain and now they've pivoted to a distressed fund and growth equity.
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Thank you for the information, this is rather surprising. Not much information is out there and many people who sit on boards have "GS Growth" in their titles. I recently secured an interview for this division and was thinking that the buyout PE , Growth and Private Credit credit teams would be great
Bump, info on these guys seems scarce
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What would you expect the comp to be for this group since is Growth Equity? And as they mentioned, I seen a couple of people with "GS Growth" as board of directors on linkedin
Did they do Spotify?
I am not able to find anything online about that :/ so not sure
Maybe it's just anecdotal like stories / stuff heard / read about from David Solomon and Gary Cohn. Maybe it was mentioned by Greg Lemkau in the GS investor day they did like a year or so ago
I actually found it, they did invest $100M on Spotify in 2012.
Good for you
Cool
Know a couple people there and GS Growth is a pretty good venture/growth fund. It was created a couple years ago after the PIA group and GSIP groups merged to form GS growth. Main office in NYC , but they have team in SF and London. They have a strong fintech emphasis, but also do a lot of enterprise software deals. Analysts have a mix of sourcing plus actual diligence. GS will generally come and take lead on Series B/C deals.
I've seen exits are mostly lateral, product at startups or B school and my honest take is this... GS growth is a good shop but not the strongest in either vc /growth landscape. If you wanna do venture, aim for a blue-chip (a16z, bessemer , nea) and if you wanna do growth then there's Summit, TA, GA, TCV.
Thanks for this insight, yeah they claim a huge $8B aum which is on bigger for a "Growth/VC" shop I suppose.
I am a student most likely interning there for Summer 2022, and given my current chances, I think is the best shop I could land given my background. Whats your thoughts on staying for FT after the summer and/or having the chance to recruit at other places with the experience(do other shops give you looks for being in GS Growth?)
Congrats on the role! And, correct me if I'm wrong, but I believe their internship is a rotation through different groups in the Merchant Banking Division. So, see how the summer goes in terms of the work you're doing and obviously the team culture. Also, as long as you network and hustle you should have no prob getting interviews at other growth firms (Goldman regardless is a great brand and that will open doors at a lot places).
I would say this, are you 100% set on a career in growth equity? If so, then GS growth is a solid place to start your career and you should have no problem lateraling to other funds later in your career (one of their VPs recently joined a16z as a partner). The reason I am asking is because apart from brand-name reputations/ top shops, you want to really consider the skillsets you are building. Your career is going to be 30 years+ and you don't want to be in a position where its hard for you to pivot, because in order to provide real value, you might need a product/swe background while others look for strong finance-technicals.
At GS Growth and many other GE roles right out of college, most of your time will be spent sourcing (on the phones calling companies) which is good but something you should really think about.
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