[d2viant]

I think people are missing an angle in this story. I don't think the interesting part is the $450 million they invested or the vehicle they're setting up for investors. It's Facebook's future IPO and Goldman likely just bought themselves the primary role in issuing that IPO -- of which they stand to make billions off of.

[nir]

That's right. If they can hype Facebook enough, Goldman will cover their investment easily. It's less about what Facebook turns out to be actually worth in the long term than what GS can help make people believe it's worth in the near term.