Keep pulling the thread on Ben Horowitz, David Solomon.
In the last year, the four largest U.S. companies contributed 1% to GDP growth through $400 billion of spending.
David Solomon predicts that for Goldman Sachs to remain competitive, its balance sheet will need to grow to at least $3.5 trillion as J.P. Morgan's balance sheet approaches $6 trillion.
Goldman Sachs has grown its total deposits from zero 15 years ago to approximately $500 billion today, which now funds about 40% of the firm.
In the most recent year, Andreessen Horowitz raised 18.3% of all venture capital in the United States.
Andreessen Horowitz has portfolio companies that have grown from zero to over $100 million in revenue in less than a year, with some reaching over $1 billion in the same timeframe.
Ben Horowitz claims the previous U.S. presidential administration effectively banned the crypto industry through non-legislative actions, including 'debanking' and issuing Wells notices to private crypto companies.
Ben Horowitz warns that if the U.S. bans or over-regulates AI technology, it will lose the AI race to China, which he believes has 100-year implications.
Ben Horowitz argues that U.S. AI development will be weaker than China's if U.S. companies are restricted from training models on copyrighted data, as China does not respect such copyrights.
Ten years ago, Goldman Sachs was the largest wholesale funder in the world.
David Solomon believes that if Goldman Sachs had not gone public in 1999, it would have missed the global expansion of capital markets and would resemble a smaller firm like Lazard today.
Among the six largest U.S. financial institutions, Goldman Sachs and Morgan Stanley are the two smallest by scale.
Goldman Sachs currently has a balance sheet of $1.9 trillion.