Goldman Sachs to host 'Technology and Internet Conference' with Tech industry's biggest and brightest
Goldman Sachs is slated to launch its "Technology and Internet Conference" on Tuesday, February 11, 2014 with an A-list of the best public and private firms attending, TechCrunch reported.
The event will feature presentations from Yahoo's Marissa Mayer and Facebook's Sheryl Sandberg and David Ebersman. Marc Andreessen and Formation 8's Joe Lonsdale will be providing a venture capital perspective to the tech presentation. Cisco's John Chambers will also be featured, the report said.
Goldman will also give private companies the chance to talk about their endeavors as there will be panels that will tackle the future of social networking, e-commerce, payments, digital music and the Internet of Things, the report said.
The TechCrunch report doubted, however, if Goldman chose all their attendees correctly. With Klout, Path and Quora set to discuss "The Future of Social Networking," it might be more correct to call the panel the ghosts of social networking's past, the report said.
Some of the startups that Goldman has invited to the conference have also been supported by the financial services firm. The report said Dropbox, FireEye, Flipboard, LifeLock, Nutanix and Spotify are all going to be making presentations in the event and according to CrunchBase data, Goldman has provided them with funds in the past few years.
Bloomberg reported in 2012 that after Facebook went public, Goldman increased the rate of its venture investments. Those investments have started to return dividends as exits via tech public offerings continue to remain open, TechCrunch reported.
Goldman continues to invest in these startup firms using various investment vehicles. These include the its private equity funds, the company's own balance sheet as well as through its private wealth management unit that makes investments on behalf of the customers of the company, the report said.
TechCrunch reported that the list of investments from Goldman is not comprehensive because the company has to follow regulations regarding disclosure and the privacy requests of its clients.