It looks like noted investment bank Goldman Sachs blew their chance to underwrite Google's forthcoming IPO, according to Newsweek. Sachs apparently sent their CEO to make contact with a partner at Kleiner Perkins, an early investor in Google, about getting in on the underwriting. This move reportedly extremely ticked off executives inside the Internet hotshot and, as a result, Sachs was "bumped from the short list" of banks being looked at.
Google, according to Newsweek, was trying to avoid the usual political maneuvers which go on behind the scenes in a situation like this. By laying down the terms up front - come to them directly and not through a back door - they were saying they meant business about not doing things the old fashion, hand-shaking kind of way.
Newsweek also said they had heard Google insiders weren't impressed with Sachs bragging about their bank's "prestigious" name.
Looks as if Google is definitely serious about this IPO going their way…







