![]() Today on Cold Call, we’ll discuss the case entitled, “Marcus by Goldman Sachs,” with case author Rory McDonald. Today, Goldman Sachs is one of the best-known financial institutions in the world a brand steeped in tradition and synonymous with big finance, and definitely not the place accessible to the average Joe. Before long, in search of opportunity, he made his way to New York City, where his knack for finance and entrepreneurial spirit earned him the reputation as a trusted advisor to the jewelers in Lower Manhattan and the tanners on Beekman Street. One of those brave souls, Marcus Goldman, landed in Philadelphia where he found work as a merchant peddler and started a family with his young bride, Bertha. The unrest and rising antisemitism led to a wave of immigration to the shores of America, the land of opportunity. But not everyone stuck around to see how it turned out. ![]() For a relatively modest revolution, it had a lasting impact, leading to the breakup of the German Confederacy and the establishment of the German state that we know today. The views and opinions expressed are solely those of the authors and do not necessarily reflect the official policy or position of Harvard Business Review or its affiliates.īRIAN KENNY: The German Revolution of 1848 was inspired by workers protesting high taxes and political censorship. HBR Presents is a network of podcasts curated by HBR editors, bringing you the best business ideas from the leading minds in management. Harvard Business School associate professor Rory McDonald discusses the challenges of launching and operating a startup within an established company in his case, “ Marcus by Goldman Sachs. The fintech startup operated within Goldman Sachs, offering unsecured personal loans for the mass market, high-yield deposits, and a credit card in partnership with Apple. Marcus by Goldman Sachs marked a dramatic shift for the 150-year-old financial institution, which historically had served only businesses and the wealthiest people.
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