Goldman's 12,000% Consolation Prize

The transcript discusses the potential high returns on investments made by Goldman Sachs in startups, particularly focusing on a $5 million investment in Uber that grew to $600 million. It highlights the internal controversy and leadership disputes within Goldman Sachs, especially between Gary Cohn and David Solomon, and how these affected the bank's relationship with Uber, eventually losing the lead role in Uber's IPO to Morgan Stanley.

What was the initial investment made by Goldman Sachs in Uber?

• $50 million

• $5 million

• $10 million

• $1 million

Who was the key figure at Goldman Sachs advocating for the Uber investment?

• Henry Paulson

• Gary Cohn

• Lloyd Blankfein

• David Solomon

What was the estimated value of Goldman Sachs' stake in Uber after the investment matured?

• $100 million

• $600 million

• $200 million

• $400 million

Which competitor took over the lead role in Uber's IPO after Gary Cohn left Goldman Sachs?

• Bank of America

• Morgan Stanley

• Citigroup

• J.P. Morgan

What was the impact on Goldman Sachs' relationship with Uber after Gary Cohn's departure?

• Increased investment

• Lost business to a competitor

• No change

• Strengthened ties