Event Call, Conference Presentation, Statement
Watch Live: 2021 Goldman Sachs Gives Analyst Impact Fund Finals
Goldman SachsBrooke Farrelly, Carli Gogol, Sidney Mitchell, Zac Sicher, Filip Jedmo, Jake Lewis, Daniel Mayers, Aoife O'Halloran, Tilly Thatcher, Srushti Deshmukh, Anagha Gurumurthy, Aditi Kulkarni, Nitiksha, Shreya Srikanth, Will Elia, Max Pivonka, Sara Rogers, Julian Sanchez, Erica Leslie, Julian Salisbury, David Solomon, Dennis Coleman, Asahi Pompei, Emmanuel Oniyuku, Liz Martin, Dan, Ate Latiranta, Lydia Finnegan, Leela, Preston L. James II, Madison, Simone, Nicole Esposito, Ian Drayton, Carrie Haleo, Rachel Schneider, Claire Thompson, Kia Williams, Brad
- The 2021 Analyst Impact Fund is projected to broadcast live from approximately 30 global locations with 1,600 colleagues attending across 10 offices, featuring four finalist teams each presenting for six minutes followed by two Q&A sessions.
- The event structure includes a leadership and partnership committee vote to determine winners and a fan-favorite vote, with the final winner announcement occurring after tabulating fan votes.
- Financial awards are structured as follows: the fourth-place team (Prasanna Trust) receives a $25,000 grant and fan-favorite status; the third-place team (Div Inc) receives $75,000; the second-place team (Hello World) receives $100,000; and an additional $25,000 award is designated for the fan-favorite team.
- Prasanna Trust plans to utilize a $250,000 grant to help 500 to 750 girls students and impact close to 900 women in India through a three-pronged approach allocating 65% to formal education, 20% to vocational training, and 15% to awareness campaigns.
- Hello World intends to use its $250,000 grant to fund hardware kits and maintenance for hubs serving over 5,000 people for a minimum of five years, targeting a cost of less than $10 per person annually and aiming to connect 40% of the unconnected global population.
- Div Inc allocates $50,000 to a pre-accelerator program, $150,000 to ten social justice innovators with expectations of raising over $500,000 in capital and achieving a $3.5 million average valuation within two years, and $50,000 to a portfolio mentorship program.
- Div Inc projects a 10% increase in women in the Indian workforce contributing over $700 billion to GDP by 2025, and aims to create over 200 jobs and raise $20 million in capital by 2025, alongside launching a Dallas campus by 2023 with four cohorts.
- Lime Connect plans to allocate $200,000 of its $250,000 investment toward hiring accessibility engineers to build "The Hub," a disability-accessible website and mobile app, using the remaining $50,000 for online educational resources.
- Lime Connect forecasts three-times membership growth by 2024 and three-times corporate partnership growth by 2026 resulting from the Hub, which will enable groups based on intersectional communities.
- Claire Thompson anticipates having expanded operations to three new states by 2023, with a specific expectation to open operations in Illinois in early next year.
- The forward-looking statements emphasize risks and challenges related to the complexity of narrowing down to four finalist teams, the logistical coordination of global live broadcasting, and the requirement to secure corporate partners for preferential rates and hardware donations to maintain project sustainability.