I was on the product team in the early days of Marcus, so I'm old enough to remember analysts calling for GS to spin it off and saying it "wasn't a core compentency" of the firm Lmaohttps://twitter.com/rexsalisbury/status/1444876132243820547 …
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I saw a lot of senior people hired to do some big initiative and they all leave 12-18mo later when they realize it’s not gonna pay out. Tarwal lasted pretty long tho, the txn bank and consumer bank was actually a high enough priority that it worked out
yeah, my experience is definitely colored by the fact that i was in a bet-the-firm greenfield business, its not hard to imagine things turning out differently if there had been less institutional conviction behind the pivot to retail
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Marquee and Symphony were literally built in a few people’s spare time
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You know what else was built in a few people’s spare time? Tokyo-3
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