Earnings Call, Other
Watch Live: 2020 Goldman Sachs Gives Analyst Impact Fund Finals
Goldman SachsEric Lane, Julian Salisbury, David Solomon, Stephen Scher, John Rogers, Asahi Pompei, Anne Black, Mabel, Abe, Olu, Anna Skoglund, Chris Johnson, Kim Posnett, Priyanka Pasi, Gauri, Mina Flynn, Jennifer Yume, Matthew, Av, Anshul Sugabi, Ruchand, Prashant, Khalil Razi, Carlos, Earl Hunt, Sarah Condon, Laura, Kia Williams, Arthur, Carrie Halio, Bridget Martinez, Alistair
- Goldman Sachs analysts will pitch deployment strategies for a $250,000 grant within a total prize pool exceeding $585,000, with winners selected via audience and leadership voting and judged on innovation, scalability, impact, measurement, and presentation.
- Black Girl Ventures plans to allocate two-thirds of a $250,000 grant to establish an NYC chapter, scaling pitch competitions to four annually and incubating over 20 new businesses, while using the remaining third to build a global digital infrastructure via the SheRays FinTech product, training, and advertising.
- Cushy Baby intends to deploy a $250,000 grant to provide devices for 1,500 health workers to track 50,000 infants and save 2,000 lives annually, with an expectation to unlock $1.5 million in additional Gates Foundation funding and expand scope to include coronavirus and mental health tracking.
- The Chen team plans to hire a dedicated team for core functions over the next two years to increase organizational efficiencies, projecting an expansion in reach to over 500,000 individuals annually by 2022 while anticipating a 30% rise in gender-based violence cases resulting in 70 million new victims.
- Switch On will utilize a $250,000 grant to establish a revolving guarantee fund facilitating $2.2 million in credit for over 20,000 farmers to install solar water pumps over the next 10 years, prioritizing women to mitigate 5,000 tons of greenhouse gas emissions.
- Buy Food with Plastic plans to invest $125,000 of the grant in Precious Plastic machinery to produce 360 chairs monthly, recycling up to 7 million PET bottles annually to fund meals for 15,000 families and create 12 full-time production positions in Nicaragua.
- Serum intends to expand patient access to 1 million underserved individuals across six new states over the next five years using a $250,000 grant to fund a $100,000 SMS system, $50,000 for Spanish language support, and $100,000 for automated warehouse operations to achieve cost neutrality within 10 years.
- David Solomon anticipates inspiring 2021 campus hires and interns to compete in future years and plans to match employee donations of $25 or less to 250 nonprofits at a three-to-one ratio.
- Strategic expectations include Black Girl Ventures leveraging Goldman Sachs networks to establish the firm as a leader in equitable capital, Cushy Baby utilizing TalkStatGS or CTW platforms for global expansion, and Serum partnering with Goldman's 10,000 engineers and international stakeholders like the NHS.