You Can Change It Later

The Blog Of David Marks

Goldman Sachs doesn’t think anyone cares if it is betting against a security it is trying to sell

“What clients or customers are buying is they are buying an exposure,” Blankfein said. “The thing we are selling to them is supposed to give them the risk they want. They are not coming to us to represent what our views are. They probably, the institutional clients we have, wouldn’t care what our views are. […]

The importance of investor signaling in venture pricing

Link: The importance of investor signaling in venture pricing

More diligence and less capital coming for startups (and their investors)

Link: More diligence and less capital coming for startups (and their investors)