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Goldman Bet on Women-Run Startups Takes Shape With $100 Million

  • Bank is putting ‘money to work and people to work,’ Friar says
  • Effort may help raise Goldman’s profile in Silicon Valley
Bloomberg business news
What Goldman Sachs Is Doing to Close the Gender Investment Gap

The first year-end message by Goldman Sachs Group Inc.’s new chief executive officer was a somber one, with David Solomon defending the firm’s role in a corruption scandal that’s cast a pall over his first months in charge.

But he did point to one bright spot: progress on the bank’s pledge to fund more female entrepreneurs. Goldman has made more than $100 million in investments in women-led companies, including a Chinese pediatrics company and a New York-based retailer.