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Launch With GS

Launch With GS is Goldman Sachs’ first for-profit initiative with a gender lens. The firm believes gender equality is an economic imperative and that supporting women’s economic empowerment will drive growth for our clients and shareholders. Building on the firm’s academic research, as well as insights from our pioneering 10,000 Women philanthropic program, Launch With GS aims to invest in women-led companies and investment managers, as well as foster an ecosystem of founders, investors and other business leaders.

Our Approach - $500 Million is Just the Beginning


Women founders and investors receive less capital than their male peers – a phenomenon often referred to as the ‘gender investing gap.’ For example, all women founding teams raised just 2.2% of VC funding in the US in 2017, and less than 2% of PE firms in the US are women-owned. More broadly, women represent less than 5% of CEOs in the S&P 5001


We know that tackling the gender investing gap is a challenge that’s far larger than any single company, but we believe that Launch With GS is a step in the right direction.

Committing Firm Capital

Through Goldman Sachs' principal investing businesses in later stage growth equity in women-founded, owned or led businesses.

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Investing Client Capital

Through a fund focused on investing in women-centered* firms across private equity and venture capital strategies.

Creating a Community

Through building a network of founders, investors and other business leaders to grow the pipeline of future investment opportunities.


 

Our Perspectives

“When we invest in growth companies, amongst other things we are really backing management teams. We look for resilience, passion, and a demonstrated track record of making good decisions. And we believe that diverse teams make better decisions.”

Nishi Somaiya
Managing Director
Securities Division, Goldman Sachs

“We want to use capital to affect the supply-and-demand dynamics – increasing the number of women investors, while generating meaningful proof points for women’s investment performance.”

Suzanne Gauron
Managing Director
Investment Management Division, Goldman Sachs

“We want to work with entrepreneurs who are humble and willing to do the work with us, because in the end they care about creating a great business that lasts. There’s a vision component to investing – what are you trying to build? And a values component – how are you going to build it?”

Darren Cohen
Managing Director
Securities Division, Goldman Sachs

“The bottom line is this makes sense for our business – because investing and helping companies grow is our business. We also hope it makes a difference for women who have big ideas but find themselves cut out of the funding ecosystem.’”

Stephanie Cohen
Chief Strategy Officer
Goldman Sachs

“We believe that having a diverse team makes investors better at understanding risk. The investing industry as a whole has a long way to go when it comes to gender diversity. We can accept that as the way it is, or we can try to change it.”

Julian Salisbury
Managing Director
Securities Division, Goldman Sachs

“We’ll measure our success through our investment returns. We want to prove that investing in female-led businesses is not a trend – it’s good economics. That’s important.”

Rana Yared
Managing Director
Securities Division, Goldman Sachs

“A successful investment firm requires a special combination of great investment thinking and great business building. We’ve found that the most thoughtful firms recognize these two skill sets are really distinct. The best managers work hard to build teams with a range of talents that complement, where the whole is truly greater than the sum of the parts.”

Chris Kojima
Managing Director
Investment Management Division, Goldman Sachs

“I would love to meet more women who do what I do. But more broadly, this is about investing $500 million in the right companies, getting good data on performance, and creating an ecosystem that has a lasting impact. That would make Launch a success.”

Pooja Goyal
Managing Director
Securities Division, Goldman Sachs

Our Community - Join Us Today

Contact us to join the Launch With GS community.

 

 

Videos you may be interested in:

Catch-Up With David: ThirdLove’s Heidi Zak and David Spector
Goldman Sachs CEO David Solomon sits down with ThirdLove’s Heidi Zak and David Spector at the seventh annual Builders + Innovators Summit to discuss how the husband-and-wife co-founders are using technology and data analytics to disrupt the lingerie industry. 
Watch Video

 

 

Virginie Morgon: A Global Outlook on the Future of Finance
As (then) deputy CEO of private equity firm Eurazeo, Virginie Morgon aims to expand the firm globally, while also driving a diverse corporate culture. Morgon gives her outlook on the global markets and her thoughts on how to create an inclusive culture from the top down. 
Watch Video

 

 

Jennifer Hyman: Redefining the Future of Fashion and Workplace Equality
Rent the Runway co-founder and CEO Jennifer Hyman discusses the company’s disruptive impact on the fashion industry, her advice for aspiring entrepreneurs and how she’s leading by example to advocate for workplace equality.
Watch Video

 

 


How to “Make Something Big Happen in the World” and Other Career Advice

What’s the secret to launching a business, starting a new job or becoming a leader? At the Goldman Sachs Private Internet Company Conference, we asked five entrepreneurs to share advice they would give to women starting out in their careers.
Watch Video

 

 


Best Advice for Women in Business
Goldman Sachs gathered over 500 women leaders in business for a networking evening at the Serpentine Galleries in London this summer. Hear their best advice to other women.
Watch Video

 

 

In the News:

What Goldman Sachs Is Doing to Close the Gender Investment Gap - "Bloomberg Daybreak: Americas", Bloomberg TV
Stephanie Cohen, chief strategy officer at Goldman Sachs, discuss the bank's "Launch With GS" initiative providing a $500 million investment in females in business and fund management. 
Watch Video

Financial World’s A-List Could Take Hollywood’s Cue on Inclusion - The New York Times, by Andrew Ross Sorkin 
Read Article

Goldman Sachs Pledges $500 Million for Female Founders - Bloomberg, by Jordyn Holman 
Read Article
 

 

Sources:

1 Stats on VC funding as of December 2017: Fortune, Techcrunch; PE firm data as of 2017: Fortune, Pitchbook; CEOs in Fortune 500 as of June 1, 2018: Catalyst, Pyramid: Women in S&P 500 Companies.
 
*Women-centered firms may include 1) firms that have at least one female voting investment committee member (or a firm's equivalent to a risk taking authority) or 2) firms where women take 25% or more of ownership or incentive compensation
 
 
The fund referenced in this material has not been launched yet. The material provided herein is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any securities relating to any of the products referenced herein, notwithstanding that any such securities may be currently being offered to others. Any such offering will be made only in accordance with the terms and conditions set forth in the offering documents pertaining to such fund. Prior to investing, investors are strongly urged to review carefully all of the offering documents. No person has been authorized to give any information or to make any representation, warranty, statement or assurance not contained in the offering documents. As of September 2018 unless otherwise indicated.

GSAM leverages the resources of Goldman Sachs & Co. LLC subject to legal, internal and regulatory restrictions.

Private equity investments are speculative, highly illiquid, involve a high degree of risk, have high fees and expenses that could reduce returns, and subject to the possibility of partial or total loss of fund capital; they are, therefore, intended for experienced and sophisticated long-term investors who can accept such risks. There can be no assurance that any objectives or targets stated in this material can be achieved; any targets provided are subject to change and do not provide any assurance as to future results. The ability of underlying funds to achieve their objectives or targets depends upon a variety of factors, not the least of which are political, public market and economic conditions. Any historical performance of individual partnerships shown is for informational purposes only and does not guarantee their future performance, which can vary considerably. The trading market for the securities of any portfolio investment of the underlying funds may not be sufficiently liquid to enable such funds to sell such securities when it believes it is most advantageous to do so, or without adversely affecting the stock price. In addition, such portfolio companies may be highly leveraged, which leverage could have significant adverse consequences to these companies and the funds offered by AIMS Private Equity. Furthermore, restrictions on transferring interests in AIMS Private Equity funds may exist so prospective investors should be prepared to retain their investments in any AIMS Private Equity fund until the fund liquidates. For a complete discussion of risks that are unique to a particular AIMS Private Equity fund, please refer to the respective fund's offering documents, which should be carefully reviewed prior to investing.