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Goldman Raising $2B to Buy Distressed Celsius Assets

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Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#11

Post by fny »

airza wrote: post #5
WheelsAtLarge wrote: post #3

It's taken me a while to understand this but a very common cycle for tech is: 1)Startup founder gets and idea and develops it. 2)The startup develops the tech and finds a market for it 3)The Startup becomes successful 4)The market falls apart and the founder can't guide the startup thru the difficulties 5)Start up is in distress or fails 6)An MBA type comes along buys everything at a deep discount 7)The new manager r…

What is celsius' future? It seems like Goldman just wants a bunch of fire sale assets.

Forget the coin. Goldman gets an entire suite of crypto products at cheap prices.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#12

Post by ketzo »

airza wrote: post #5
WheelsAtLarge wrote: post #3

It's taken me a while to understand this but a very common cycle for tech is: 1)Startup founder gets and idea and develops it. 2)The startup develops the tech and finds a market for it 3)The Startup becomes successful 4)The market falls apart and the founder can't guide the startup thru the difficulties 5)Start up is in distress or fails 6)An MBA type comes along buys everything at a deep discount 7)The new manager r…

What is celsius' future? It seems like Goldman just wants a bunch of fire sale assets.

Yeah, it seems much more likely to me that Goldman is just stocking up on a bunch of crypto while it’s stupid cheap.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#13

Post by mirntyfirty »

WheelsAtLarge wrote: post #10
mirntyfirty wrote: post #4

Earlier quoted context omitted.

I’ve seen a couple examples of a somewhat opposite scenario where founder does well, sells to MBA for a lot, business struggles, founder repurchases for much less, then brings business back to profitability

DELL and Apple are a good example of your scenario. And Microsoft and Google are examples where the founders handed the company to an MBA and the companies profits greatly increased. But I've seen these happen much less.

Interesting, didn’t cross my mind even though I had an Apple Performa from their dark years. I think I was young enough not to realize some of the flaws.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#14

Post by ghaff »

mupuff1234 wrote: post #7

Honestly I am surprised we are not seeing violent acts against people running these companies (Celsius, terra, etc). I would be beyond furious if I couldn't withdraw my assets from this scam.

Because people trying to commit violent acts will go to prison etc. and, assuming they're at least vaguely rational, will realize that (and that it won't actually return their money).

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#15

Post by tiffanyh »

WheelsAtLarge wrote: post #3

It's taken me a while to understand this but a very common cycle for tech is: 1)Startup founder gets and idea and develops it. 2)The startup develops the tech and finds a market for it 3)The Startup becomes successful 4)The market falls apart and the founder can't guide the startup thru the difficulties 5)Start up is in distress or fails 6)An MBA type comes along buys everything at a deep discount 7)The new manager r…

TLDR; if you can figure out how to sell a product people will buy, while not going bankrupt - you stand to profit.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#18

Post by WheelsAtLarge »

SilasX wrote: post #9

Hah, we just had a comment in the other thread where someone suggested this would happen and someone else was skeptical. https://news.ycombinator.com/item?id=31869856 But what's Goldman's play here? To pump crypto after buying?

Wall street is in on the crypto idea. They see a future. Soon (a few years?) we will see the crypto craze back on. Maybe not as crazy and better regulated but it will be there. The "Turn a $1000 into a $million craze" is probably no more. But crypto is here to stay.

A few wall street firms have started to recommend Crypto as an investment. Goldman probably sees a future where their clients will have crypto assets so they see a future in controlling some of the infrastructure. We'll see more of these types of deals.

I'm sure they would love to control Coinbase but it's too expensive to own, now.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#20

Post by rco8786 »

WheelsAtLarge wrote: post #3

It's taken me a while to understand this but a very common cycle for tech is: 1)Startup founder gets and idea and develops it. 2)The startup develops the tech and finds a market for it 3)The Startup becomes successful 4)The market falls apart and the founder can't guide the startup thru the difficulties 5)Start up is in distress or fails 6)An MBA type comes along buys everything at a deep discount 7)The new manager r…

Celsius founders are doing juuusst fine
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