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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

#21

Post by [deleted] »

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.

[deleted]

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

#26

Post by LegitShady »

WheelsAtLarge wrote: post #18
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 everyone else cheating people for millions and millions while not going to jail and want in on the game

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

#27

Post by googlryas »

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…

"Gets the shaft" implies harsh or unfair treatment. It was startup guy's idea to sell the company, and startup guy's lack of abilities which led them to the mess in the first place. It seems like startup guy is getting exactly what he deserved?

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

#28

Post by ceeplusplus »

WheelsAtLarge wrote: post #18
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…

The one thing of value that crypto actually delivers (and which will never be replicated in tradfi because of incentives of existing players) is atomic multi-party transactions across unrelated parties. Something like a flash loan would never exist in tradfi. Being able to borrow billions with _no_ risk of loss due to execution delays between borrowing money and executing a trade means more liquidity and lower risk for market makers which translates to a better experience for everyone else.

It's too bad it's attached to scams and grifters.

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

#30

Post by arthurcolle »

mirntyfirty wrote: post #4
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…

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

are you thinking of Dell?
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