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Matt Levine

Goldman in Tech and a Crash in China

Also Yanis Varoufakis's payment plan, a Finra violation, and the usual buybacks-and-liquidity.

Goldman Sachs, tech company (1).

Here is the story of how Goldman Sachs has gotten more involved in investing in, advising and partnering with tech companies. There is some awkwardness ("From the looks of the crowd, they didn't want to hear EDM," says the DJ at Goldman's SXSW party, and Lloyd Blankfein says that at Goldman they "try to disrupt ourselves"), and the requisite stuff about hoodies and culture clash, but what struck me is how much of the Goldman-as-venture-capitalist-and-tech-partner pitch just looks like a regular old investment banking pitch: