We are living in an increasingly technical world. It seems that every aspect of our lives are requiring more advanced technology, yet becoming simpler. Some people can’t even exercise without a device measuring their vital signs. Wall Street is a huge part of this technology craze, but that you probably have never heard of.

Goldman Sachs, an investment bank synonymous with Wall Street wealth and prestige, is leading the charge in an emerging industry known as “tech banking”. Traditionally, investment banks such as Goldman make money by underwriting for IPO’s and M&A’s. But with the rise of the tech start up and the opportunity to make money, these banks have developed specialized “tech banking” teams. These teams try to find tech companies in their early stages so that they can foster their growth and eventually lead them to a huge Initial Pubic Offering which usually offers a large payday to both parties.

Many of the teams are based in San Francisco’s Silicon Valley area and California in general. Goldman, in particular, has teams that rendezvous with Venture Capitalists who  in turn fund early start ups. Once the start ups gain a foothold in the tech scene, the Goldman team meets with them during various stages of development known as “touch-point”.

Those who are both inclined towards a career in technology and business can find the best of both worlds in this emerging industry of tech banking. Those who are tech savvy could join a team and help discover new talent and pinpoint start ups with the most potential. Business inclined individuals could assess risk and the viability of the company actually lasting through all stages of development and eventually providing a return on investment. It seems to be an interesting industry and the number of people joining the industry is going to steadily rise as more and more technology ideas emerge!