Go, You Vampire Squid
I simply love Goldman Sachs. The Facebook deal is a brilliant poke in the eye for just about everybody, and proof, yet again, that money, like water, finds its own level. If there are buyers and sellers to be matched, and a fee to be made in the process, the fine folks at Goldman Sachs will figure out how to bridge that gap. So much the better if there is regulatory friction to arbitrage against, it simply raises the fee. For the last seven years, the venture capital industry has been saying that the IPO process is broken and startups are the losers. In a fine display of Wall Street’s can d...
