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Facebook-Goldman loser: IPO ‘industrial complex’

Scott Galloway, the Red Envelope founder who currently teaches marketing at NYU Stern School of Business, this morning went on Bloomberg TV to discuss Goldman Sachs’ investment in Facebook. He believes that we’ll see deals like this in the future, and that they basically represent private IPOs (no matter how paradoxical such a term might be).

He’s hardly the first to say this, but I don’t think anyone else has channeled Eisenhower: “I think that the SEC, the NYSE, the Nasdaq and the whole industrial complex around taking companies public is the loser.”

Here’s the interview: