534 karma · joined February 27, 2009
2) Didn't apply. Could use the advice, but not the money.
3) No, and not sure we want to. Got some solicitations last month from a few firms on the East Coast. This prompted me to contact Sequoia to gauge interest. Amazingly, got a sit down with Michael Moritz, and had a few more conversations and email sessions that convinced me (and them) that there wasn't a right fit there. I'm lazily listening to other VCs, but nothing has interested me yet.
Buying down and selling on a down day does not mean a loss is guaranteed. There could have been up days in between, and with the plethora of derivatives available who knows exactly how they took advantage of the strongly trending market.
And don't think for a second that the SEC doesn't have a tent setup at the Jersey office watching every move. GS is the most profitable, and therefore most envied and suspect, financial institution in an economy that was decimated, almost single-handedly, by the finance industry.
Goldman is getting vilified in the press these days, and I frankly think it's unwarranted. People who have little understanding of how they make their money quickly cry foul.
Hanlon's razor applies here: Never attribute to malice that which can be adequately explained by stupidity.
Being a "wage slave" is not as bad as you might think. It might give you ideas and expose you to problems that need solutions.
see: http://gettingreal.37signals.com/ch09_Interface_First.php