Goldman Sachs - Good To Have Money, Good To Invest Money

Purbalee Dutta Purbalee Dutta
Dec 18, 2020 6 min read
Goldman Sachs - Good To Have Money, Good To Invest Money

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

Goldman Sachs is an American multinational investment bank. It has got a net worth as of December 17, 2020 as $83.41B. It offers services in investment management, securities, asset management, and securities underwriting. Marcus Goldman and Samuel Sachs founded Goldman Sachs in 1869.

Read about the Goldman Sachs success story, Founders, Competitors, Business Model, Funding and Revenue Model below.

Goldman Sachs - Company Highlights

Company Name Goldman Sachs
Headquarters New York, US
Founders Marcus Goldman and Samuel Sachs
CEO David M Solomon (Networth - $100 Million)
Founded 1869
Sector Financial Services
Parent Organization Goldman Sachs Group, Inc.

Goldman Sachs - About
Goldman Sachs - Founders And Team
Goldman Sachs - Startup Story
Goldman Sachs - Business Model
Goldman Sachs - Revenue Model
Goldman Sachs - Marketing Strategy
Goldman Sachs - Investments
Goldman Sachs - Competitors
Goldman Sachs - Growth
Goldman Sachs - Future Plans

Goldman Sachs - About

Goldman Sachs is a leading investment firm.

Goldman Sachs Logo

It maintains offices and all major financial centers around the world. Goldman Sachs brings capital, people, shareholders, clients and ideas together. They actually serve all. Serve the community to grow more. Advice about buying and selling businesses is always given. Starting from raising capital to managing risks takes place here.

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Goldman Sachs - Founders And Team

Marcus Goldman and Samuel Sachs are the Founders of Goldman Sachs.

Goldman Sachs Founder
Marcus Goldman and Samuel Sachs - Founders, Goldman Sachs
  • Marcus Goldman was a German banker, financier and businessman. He was born in Trappstadt, Bavaria. He immigrated to the United States in 1848. He was the founder of the company. His company is now known by all and is one of the world's largest investment banks.
  • Samuel Sachs was an American investment banker. He was born in Maryland, United States in 1851. He was the business partner of Marcus Goldman. But actually, Marcus Goldman was his father-in-law. He joined the business. He died in 1935.
  • David M. Solomon is an investment banker. Since the year 2018, he is the CEO of Goldman Sachs. He is 58 years old as of 2020. He has a networth of around $100 Million
David M Solomon - CEO, Goldman Sachs
CEO Goldman Sachs

Goldman Sachs - Startup Story

As you have read before, Samuel Sachs was the business partner as well as the son-in-law of Marcus Goldman. Before, accepting the offer. Samuel Sachs used to work as a bookkeeper and ran minor businesses. After his joining, Marcus named the company as M. Goldman, Sachs & Co. in 1888. An update listing took place in 1883. Samuel established the company's reputation day by day. He stood in the banking community. By 1890, Goldman Sachs became one of the largest dealers of commercial paper in New York. Later, Samuel retired and passed away in New York.

Goldman Sachs - Business Model

The company deals with a range of financial services. It has got a diversified client base which includes financial institutions, governments, corporations. The company has got 4 operable segments. Those are Investment Banking, Institutional Client Services, Investing & Lending and Investment Management.

  • Investment Banking is advising organizations on capital raising strategies. This feature helps to raise capital, and grow businesses.
  • Institutional Client Services is actually financial services with both financial and non-financial firms. The firm makes clear client transactions. For future exchanges, security lending, prime brokerage etc.
  • Investing & Lending is something very common, which everyone already knows. Still investing is putting money into property, shares, schemes. The firm makes investments both directly and indirectly. And lending is allowing someone or something to use an amount of money. Money can be paid back later.
  • The firm also offers wealth advisory services, portfolio management and financial counseling.

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Goldman Sachs - Revenue Model

  • Investing activities and the origination of loans is to provide financing to clients.
  • After clearing client transactions on major stock, commission and fees are executed.
  • Financial advisory fees and underwriting fees are charged from the clients.

Goldman Sachs - Marketing Strategy

The company invests around 90% of its marketing budget in digital marketing schemes. The main focus is on the creation of content and social media. With the help of social media platforms like LinkedIn, YouTube, Facebook and Twitter.

The company enables itself to reach towards its customers. Innovation and expansion of the market is increasing day by day. Social enterprises are also contributing to the UK economy and community. After a lot of research, the company designed a 10,000 small businesses programme. This was created to bring high quality business support to the leaders. For growing their small businesses across the country.

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Goldman Sachs - Investments

It has made 770+ investments till date. Some of the recent ones are -

Date Name Of The Organization Amount Raised
25th June 2020 Capital Markets Gateway $25 million
14th July 2020 Permira -
14th July 2020 Nasuni $25 billion
15th July 2020 Bond Financial Technologies $32 million
23rd July 2020 Missfresh E-Commerce $495 million

Goldman Sachs - Competitors

The top competitors of Goldman Sachs are Morgan Stanley, JP Morgan Chase & Co., Merrill Lynch, Bank of America, Bank of New York Mellon Corporation, Raymond James, Credit Suisse and Wells Fargo

  • Morgan Stanley is Goldman Sachs's one of the top competitors. It is an American multinational investment bank. And also it is a financial services company. The company's headquarters is in New York. It was founded in the year 1935.
  • JPMORGAN CHASE & Co. is another top competitor of Goldman Sachs. The company was founded in 1799. Its headquarters are in New York.
  • WELLS FARGO is the topmost 3rd ranked competitor of the company. It is a public company which was founded in the year 1852. The headquarters are present in San Francisco, California.

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Goldman Sachs - Growth

The company especially focuses on investments and technology-driven companies. The Merchant Banking Division has invested more than $5 billion in strategic capital. For entrepreneurs and management to execute long-termed growth plans. This process is, going on since 1994. They usually tie-up with strong management teams. This formula helps the company to grow more. Giving value to the customers, shareholders and partners is the key towards success. The target of the team is towards the investments ranging between $20 - 250+ million in companies. A proven proper management team is also very essential to walk towards growth.

Goldman Sachs - Future Plans

The company is aiming towards strengthening existing business. Also, it is planning to deepen the relationships with its clients. As per the annual report, they are going to serve their clients much better than before. Goldman Sachs will be increasing some of it's fee-based and recurring revenue streams. In the same time, the plan is also to enhance and emphasize their operating efficiency.

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