Innovators and builders gather at Goldman summit
Goldman Sachs' second annual Builders and Innovators Summit is underway outside Tucson, Ariz., where the bank has gathered 100 entrepreneurs representing industries ranging from fitness and fashion to health care, energy and finance.
Who's here from industry? Goldman solicited nominations from across its firm—from investment banking to private wealth management—landing on a mix of companies from 2 to 10 years old, with revenue of between $10 million and $250 million.
Some are Goldman clients, businesses in which it has invested or for which it has raised funds, while others could be eventually. But the company said it has no agenda other than to promote idea exchange and develop relationships among the next generation of leaders.
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Goldman's representatives are from all parts of the firm: the investment bank, private wealth management, government affairs and the charitable arm. The firm said the goal is for them to learn, teach a little and get to know future influencers.
People are getting to know one another via activities such as a bike ride Monday afternoon and an indoor cycling class this morning. SoulCycle's co-CEOs, who are attending, created a pop-up studio and hosted three packed classes of entrepreneurs and Goldman execs sweating it out together.
Entrepreneurial Clinics are the other big activity, with big-name founders sharing best practices and success secrets.
They include restaurateur Danny Meyer talking about the "hospitality economy," Dropbox CEO Drew Houston (expected to bring his company public in the next year) discussing how to "create a magnet for talent and Warby Parker co-CEO Neil Blumenthal sharing insights on "partnerships that accelerate success."
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The conference also draws some big-name speakers: Entertainment mogul David Geffen kicked off the event last night, with Hillary Clinton and Elon Musk taking the stage today. Of all the speakers, Musk is drawing the most buzz: His two industry-transforming start-ups, SpaceX and Tesla, are viewed as the gold standard for bringing game-changing ideas to life.
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And of course everyone wants to hear from Goldman Sachs CEO Lloyd Blankfein, who will visit CNBC's "Closing Bell" on Tuesday.
—By CNBC's Julia Boorstin. Follow her on Twitter: @JBoorstin.