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Tim Steel
CEO, Copia Global

Why I Left Traditional Banking for Impact Investing #goldmansachs

🎥 Aug 29, 2024 📺 The Accidental Entrepreneur Podcast ⏱ 0m 👁 613 views
Leaving the comfort of Excel models behind, one professional found purpose in directing Goldman Sachs' balance sheet towards ...
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About Tim Steel

Tim Steel, CEO of Copia Global, has spoken about his career transition from investment banking at Goldman Sachs to impact investing, stating that he "realized that I didn't want to sit behind an Excel model for most of the day" and found a role investing Goldman's balance sheet into opportunities that could "do good while doing well." In his capacity as a neurosurgeon, Dr. Timothy Steel has discussed a range of medical topics, including the advantages and disadvantages of robotic surgery, the challenges of operating on obese patients, and the role of MRI scans as a preferred investigative tool. He has also commented on the lack of evidence linking mobile phones to brain cancer, stating that "the type of radiation that's emitted by the digital devices has never been shown to cause tumor development in any organism or any animals." Steel has also addressed workplace and lifestyle health issues, noting that standing in one spot for hours is "significantly less healthy than sitting" and advising that those with sedentary jobs should incorporate structured exercise and movement throughout the day. Regarding children's use of digital devices, he observed that children are "incredibly better educated by mobile phones than ever before" but expressed concern about excessive screen time leading to insufficient physical activity. In his role at Copia Global, Steel has described the company's focus on serving underserved consumers in Africa through a mobile commerce platform, emphasizing the importance of building agent networks and understanding consumer needs to achieve sustainable growth.

Source: AI-verified profile updated from Tim Steel's recent appearances. Browse all interviews →

Transcript (1 segments)
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Tim Steel0:00
I worked in finance. I started investment banking at Goldman Sachs there in New York, and that was kind of the ringer for me, but was able to work on some really interesting deals and, more importantly, built some fantastic relationships. I realized that I didn't want to sit behind an Excel model for most of the day, and so I found a different group within Goldman that was investing Goldman's balance sheet into impact investing opportunities. We were taking private equity, debt, tax credits, any number of financial instruments, and finding places where we could essentially do good while doing well.