Stephen E. Arnold: Goldman Sachs Web Conference Leaves Out Search Vendors

Advanced Cyber/IO, IO Sense-Making, IO Technologies
Stephen E. Arnold
Stephen E. Arnold

Goldman Sachs Web Conference Leaves Out Search Vendors

What tech companies does the financial sector think are on top right now? TechCrunch discussed invitees ahead of the recent Goldman Sachs Private Internet Company Conference in Las Vegas in, “Here Are the Hottest Companies in Tech Right Now, According to Goldman Sachs.” Reporter Colleen Taylor reproduces for us the conference schedule, which apparently should have been kept on the down-low, but TechCrunch got a hold of somehow. She writes:

“The Goldman Sachs conference for private web firms is one of the most high-end and hush-hush events in the tech world. It’s essentially like the Hackers Conference or dinners at Sheryl Sandberg’s house or Fight Club, except for tech executives who are likely to soon go through an IPO or big M&A deal. If you’re on the invite list, you’re in pretty good company — and the first rule is that you don’t talk about it to others.

“[…] It bears mention that companies attending this conference have not necessarily engaged in an exclusive relationship with Goldman to manage their potential upcoming IPOs or M&A deals. In fact, most of them are free agents, fielding offers from any number of firms.”

Taylor points out a few notable absences, like Square, Dropbox, and Box. We, however, noticed something different: not a single search company is represented. Well, humph.

Cynthia Murrell, December 16, 2013

Sponsored by ArnoldIT.com, developer of Augmentext

Phi Beta Iota: Our general impression is that the financial traders and the reinsurance company (there is only one that matters) are about ten times if not a hundred times further ahead than the run of the mill search and data fusion companies visible to the public. Unfortunately these systems are used to defraud the public and loot entire countries. We are headed toward a battle between public intelligence and private intelligence.