This is

this is exchanges at Goldman Sachs where we discuss developments currently shaping markets,

industries and the global economy.

I'm Stephanie Cohen, Goldman Sachs's chief strategy officer.

Today I'm excited to be joined by three founders of high growth

venture-backed companies who are part of our inaugural launch with G.S. entrepreneur cohort.

Helen Adiosen, founder and CEO of Care Academy, Sean Mitchell, who is co-founder and

CEO of Resi, and Max Tuckman, co-founder and CEO of Caribou.

Thank you all for joining me.

Thanks for having us.

Thank you.

I'm going to start by explaining what our entrepreneur cohort is.

It is a customized and virtual eight-week experience that provides an opportunity

for Black and Latin X founders to access the best of Goldman Sachs. From internal

industry experts to our external network while building relationships with investors.

And on that point on investors, I want to spend a couple of minutes on the venture space and

venture capital investment, particularly for teams who identify as women, black, Latinx or other diverse populations.

At Goldman Sachs, we view diversity as a business imperative.

Companies led by diverse management teams leverage a range of perspectives to better compete in a global economy.

We see this in the data. Companies in the top quartile for ethnic diversity are 33% more likely to have industry leading profitability and those in the top

quartile for gender diversity are 21% more likely to outperform and on the

fund side diverse-owned funds are overrepresented in the top quartile of private equity funds. The statistics speak for themselves.

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