Goldman Sachs, Ozy Media and a $40 Million Conference Call Gone Wrong

The New York Times (NYT) (09/28/2021)
  • Millennial-focused news outlet Ozy Media is broiled in controversy following reports that its COO Samir Rao impersonated YouTube executive Alex Piper on a Zoom call with Goldman.
  • Goldman was finalizing a $40M investment into Ozy; Samir pretended to represent YouTube to confirm Ozy’s popularity.
  • After later reaching out directly to Piper (unaware of the Zoom call), Goldman abandoned investment; Ozy claimed Rao had a “mental health crisis”.
  • Founded in 2013, Ozy has raised over $83M claiming 50 million monthly visitors (only 200-400K confirmed).