Interview, Fireside Chat
The Growth Playbook: Goldman Sachs’ Darren Cohen on Building a Growth Investing Platform
- Private-to-public transitions are expected to become healthier and more frequent as high-growth companies approach $20 billion to $30 billion in value, with liquidity anticipated to return once this threshold becomes standard.
- Private companies are projected to remain private for extended durations before going public, yet investors may achieve multiple expansion and "get paid to go public" due to converging private and public valuations.
- Pressure from employees and investors on late-stage software founders is expected to drive a multi-layered shift in liquidity and mindset within the near term.
- The integration of AI into legacy SaaS businesses is forecast to unlock value by providing a real competitive advantage as adoption speeds increase.
- The investment cycle for the alternatives asset class, which has not yet undergone digital transformation, is projected to run for easily a decade.
- AI infrastructure themes, including tooling, cybersecurity, and agent frameworks in a multi-cloud environment, are expected to offer investable opportunities characterized by consistency and endurance.
- Healthcare technology is anticipated to experience rapidly accelerating innovation curves, with a seismic shift in innovation absorption beginning post-COVID.
- Inefficiencies in the alternative and healthcare technology sectors are expected to persist for another decade, refuting notions of market saturation.
- The engineering productivity curve is observed to have increased hyperbolically based on developments within the last six months.
- The connection between private and public market dynamics is highlighted as a critical lesson for private investors to avoid detriment.
- Past performance is noted as not indicative of future results, and expressed opinions are subject to change without notice and may not reflect institutional views.