Junior Bankers Shared ‘Pain’ Before $2.2 Billion Startup
- Founders of Brazilian real estate firm Loft worked at Goldman
- Startup raised $425 million in latest round, is looking at IPO
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Mate Pencz met Florian Hagenbuch in 2008, when they were both junior bankers at Goldman Sachs Group Inc. in New York. Their brief, but grueling stint, as Pencz described, brought them closer and ultimately led to the creation of a $2.2 billion real-estate startup in Brazil.
“We met at Goldman and commiserated over the experience so we ended up becoming friends,” Pencz said in an interview. “You learn a lot, but it was quite painful.”