Goldman Sachs historically stayed a partnership longer than any other major Wall Street firm and only went public in 1999 'at the last moment when it absolutely couldn't be a partnership anymore' because it needed permanent capital.

factualpending

Speaker

David Solomon

Evidence Quote

The firm stayed a partnership until the last moment when it absolutely couldn't be a partnership anymore because it needed permanent capital.

Source

Ben Horowitz and David Solomon: The Sweetest Macro Spot in 40 Yearsa16z
Created: 8/12/2026, 10:05:59 PM

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