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I left Goldman Sachs to build a small baking business. Here’s how my time at the firm is giving me a leg up.

This as-told-to is based on a conversation with Allison Sheehan, 26, a former analyst for private wealth at Goldman Sachs and student at Northwestern’s Kellogg School of Management, where she’s building her baking brand, Alleycat. Business Insider has verified her roles at Goldman and her current school enrollment. The interview has been edited for length and clarity.

Baking cakes started out as a college hobby — I’d make them for my sorority sisters and, once word got out, the broader Dallas community. When I landed a job in operations at Goldman Sachs in Utah, I stopped baking entirely, though I still longed to build up my cake empire. I had no family, no friends, no nothing in Utah, and was focused on getting transferred to New York.

I eventually got a job in the wealth management unit in New York. It was a part operational, since I was opening accounts and managing money, but also client-facing, which I loved.

As soon as I got to New York, I restarted my baking social media accounts, which had around 500 followers at the time, and announced that I was back in business. Orders picked up, but I didn’t have time for all of them, so I capped it at three cakes a week, creating a scarcity model. I sold out weekly for about 6 months before expanding to up to 10 cakes.


Allison Sheehan TikTok

Sheehan has documented her journey on social media. 

Allison Sheehan



That’s when I started struggling to fit everything in, but I was getting good traction, making cakes for companies and fashion houses, like Goop. A typical day meant waking up at 5 am to frost a cake, going to the gym, going to work, baking a cake, going to dinner with friends, and going to sleep. I spent all my spare moments invoicing clients or editing videos. In 2023, my friend’s boyfriend said I should post under the handle “investment__baker,” but I was careful not to mention anything about where I worked or my exact job.

I learned valuable skills at Goldman

Goldman’s high-stakes hustle culture has helped me build the brand — I had to be responsive, communicative, and accurate, all skills I use now. I always quickly consolidate my notes and immediately flag any concerns to product developers or suppliers. On the communication front, I’m able to connect people across the supply chain, from technical food scientists to more creative-minded brand designers. And when it comes to accuracy, I’m precise about costs, even on volatile products like cocoa, and margins.

In wealth management, I learned a lot about capital allocation, helping clients balance their portfolios and plan for expenses. But I learned just as much from my own failures.

After I started taking on more orders, I rented a commercial kitchen on the Lower East Side to bake and teach workshops. It solved logistical problems but drained my bank account. Every penny I made from baking went toward rent, and I eventually had to return to my apartment. That was definitely not a good capital allocation strategy, since it almost left me broke.

Goldman gave me an ultimatum

At that point, I knew I needed to go all in on my business and decided to apply to business school. Studying for the GRE while working and running the business was unsustainable.

My health deteriorated, and I broke down at work, having a panic attack and sobbing to my very understanding VP. I went home to Wisconsin for two weeks, shut down all of my social media accounts, and brought my brand to an awful, screeching halt.

Six months later, I reopened the account, with 2,000 fewer followers and almost no DMs. The momentum came back quickly, though, until, boom: Goldman’s compliance team called me in and asked me to delete all of my content or leave the firm. They said the word “investment” on my social handles alluded to my job, and I had to delete everything. After finishing my business school interviews a few months later, I un-archived all of the content, got called in again, and quit.

I couldn’t waste the five years of time and energy I’d poured into this business.


Allison Sheehan

Sheehan said her experience with capital allocation is helping her manage finances. 

Allison Sheehan



Goldman is still helping me now

I’ve scaled back my custom cake business and am focused on building my consumer packaged goods products: dry cake mixes and frosting, like the kind you can scoop out of the jar. I’ve finished the formulation, secured suppliers, and gotten my nutritional label approved, but I’m still struggling to find a manufacturer.

Small brands have to convince manufacturers they’re a worthwhile investment. From their perspective, why spend time onboarding a tiny Instagram baker who could easily fail?

That’s where Goldman has come in. Beyond knowing how to build a nice deck and balance a budget, my background at such a prestigious firm lends me credibility. It comes up in conversations, and I’ll include it in presentations, since I’m proud to have worked there. The firm is relevant to my online brand, too, since I still post as the investment baker and share investing advice.

I’m making a fraction of my Goldman salary, but I’m fundamentally a creative person. I couldn’t spend my life behind a desk. When I started, my goal was to make a cake for a celebrity, which I’ve done multiple times, including for Brooke Shields. Now, I want to bring home baking back — and revolutionize the grocery aisles.




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Russian oil firm says it will keep its Venezuela assets after US military operation

  • Russia’s state-owned Roszarubezhneft says its Venezuelan oil assets belong to the Russian state.
  • Roszarubezhneft holds stakes in oil joint ventures with Venezuela’s state-owned PDVSA energy giant.
  • President Trump has talked about US control and investment after the January 3 military operation.

Russia’s state-owned oil company Roszarubezhneft sought to draw a line around its oil holdings in Venezuela after a US military operation on January 3 reshaped the South American country’s political landscape.

“All assets of Roszarubezhneft JSC in Venezuela are owned by the Russian state,” the company said in a statement carried by Russian news agency TASS on Tuesday.

Roszarubezhneft took over Rosneft’s Venezuelan holdings in 2020 after US sanctions forced the oil giant to exit. It now holds stakes in five joint ventures with Venezuela’s state oil company PDVSA.

The company — owned by a unit of the Russian Ministry of Economic Development — said on Tuesday that the assets were acquired at full market value and approved by Venezuelan regulators.

Roszarubezhneft’s statement came as Venezuela’s oil sector faces fresh uncertainty after the recent US raid that resulted in the capture of deposed Venezuelan President Nicolás Maduro.

After the operation, President Donald Trump said the US could run Venezuela and touted plans for American oil companies to invest in the South American country’s vast but rundown oil sector.

Russian President Vladimir Putin has not commented publicly on the operation in Venezuela. Moscow’s relationship with Caracas includes deep energy ties — a key pillar of Russia’s economy — alongside defense and diplomatic cooperation.

The Russian foreign ​ministry has called for Maduro’s release and for dialogue between the US and Venezuela.

Investors are watching whether the tensions spill over into energy flows.

Global oil prices have been weighed down in recent years by ample supply and slowing demand growth.

But analysts say geopolitical risks are rising, with Venezuela and renewed tensions involving Iran back in focus.

Some analysts warn that the risk of an oil price shock — a sudden surge in prices that can ripple through markets and the global economy — is increasing as geopolitical conflicts intensify.




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McKinsey CEO Bob Sternfels says AI is changing how the firm views the perfect job candidate

Landing a job at McKinsey & Company has never been easy. The firm has long been known for recruiting top talent from top schools and leading industry experts.

AI, however, is forcing the firm to rethink the types of applicants it considers in the hiring process, CEO Bob Sternfels said.

On Harvard Business Review’s IdeaCast podcast this week, Sternfels said the firm used AI to analyze its past 20 years of hiring data to understand where it may have overlooked talent for its coveted class of partners.

The firm found that applicants who had setbacks and recovered were more likely to become partners. So, now, Stenfels said, the firm looks for resilience in its interview process.

“It turned out we had some bias in our system,” he said, adding that the firm was too focused on whether candidates had “perfect marks” instead of how they bounced back from difficulties.

In December, the firm promoted about 200 employees to partner — one of the smallest classes in years, The Wall Street Journal reported. In 2022, it promoted about 400 people to partner.

McKinsey partners typically earn under $500,000 in base pay, but they can expect to earn hundreds of thousands more in bonuses and profit sharing.

McKinsey receives about 1 million résumés annually. In 2024, the firm told Business Insider that it planned to hire about 1% of applicants, in line with 2023.

The firm’s spokesperson also said at the time that it looks for “distinctive students just starting their careers” and experts in industries ranging from technology to finance to law.

The company also looks for strong problem-solving skills, which it gauges through a game-based assessment called Solve.

To help candidates prepare, the company offers candidates resources ahead of time.

“This helps to ensure candidates from any background — regardless of whether they have exposure to resources like consulting clubs — can demonstrate their distinctiveness in our process,” the firm told Business Insider.




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Airship firm on Russian border says Kremlin’s jamming is a huge advantage for its aircraft to NATO

In less than 10 seconds, Kelluu’s silver airships can soar from the ground to high above eastern Finland’s treelines, their motors puttering and their noses pointed skyward.

Gas blimps were first invented in the 19th century, but the Scandinavian startup is betting on a modern version of the old concept to help the West guard its territory.

Kelluu, a Finnish company located about 50 miles from the Russian border, is launching small, propeller-driven airships filled with hydrogen, which it believes can fill a gap in battlefield and border surveillance.

The startup is already finding success with NATO, being the first to secure a deal with a Western nation through a new innovators’ program run by the alliance.

Militaries or law enforcement agencies could equip a fleet of such remotely piloted airships with cameras and sensors, rotating them to monitor regions around the clock. Kelluu said its airships can be automated, meaning a human operator only has to set a target destination.

Airships won’t be easily survivable on an immediate frontline, but can surveil rear areas or combat zones near the fighting for long periods.

Small drones, meanwhile, typically can only fly for a few hours, while spy planes are often expensive, scarce, and need an onboard crew. Satellites have to wait to pass over a specific region to gather intelligence.

Niko Kuikka, the startup’s head of engineering, told Business Insider at Kelluu’s workshop in Finland that its airships can fly for half a day.

“Our customers don’t care so much what we are flying with, but they pay us to stay up in the air for 12 hours. That’s our specialty,” said Kuikka.

About as long as a city bus and six-and-a-half feet wide, Kelluu’s airships are tiny compared to the Zeppelins of World War I. The ship carries fuel, a propeller, and an onboard computer, and can be configured to transport an additional payload of up to 11 pounds for other gear such as sensors. Altitude can allow high-definition cameras or radar to survey a wider area.

Kuikka said a smaller size can be an advantage for Kelluu’s airships, which are designed to fly at top speeds of 33 mph.


Kuikka pulls out a Kelluu airship from its container.

Kelluu’s airships are designed to fit into regular shipping containers and are lightweight enough for one person to launch.

Matthew Loh for Business Insider



They’re cheaper and easier to mass-manufacture, so a customer wouldn’t have to worry that losing a few airships might disable an entire fleet, he said.

Kelluu declined to disclose its pricing, but said its airships are meant to be low-cost.

“Having a kind of sitting duck in the air that costs a vast amount of money isn’t going to make sense,” Kuikka said.

‘Free interference’ from Russia

At Kelluu’s workshop, employees perform the final assembly of the airship and fill it with hydrogen, a lighter-than-air gas that serves to both lift its frame and power its propeller. In the upstairs attic, a team of about 10 computer engineers finetunes in-house software and a user interface for monitoring the airships.


A developer looks over Kelluu's user interface for monitoring airships on a screen.

Kelluu has a small team working on software in a room above its assembly workshop.

Kelluu



The main team is based in Joensuu, a small city of 78,000 people just west of Russian Karelia.

That location is a key advantage for the airship company, Kuikka said.

Because Joensuu is so close to the border, it has to deal with frequent jamming from both Russia and Finland, or as Kuikka and his team call it: “free interference.”

While other firms may have to pay for tests, Kelluu’s airships must be resistant to electronic warfare to work in the first place, he said.

“We get all sorts of jamming and spoofing from the other side of the border, and also from this side of the border, so we have been proven to be pretty resilient against this sort of GSS denial,” he said.

Kelluu is also about 340 miles south of the Arctic Circle, so its team had to build its airships to withstand icy winds and temperatures that dropped in January to -15°F.


A Kelluu airship flies above a forest in the wintertime.

Kelluu’s airships are being tested in the Finnish winter, which the company says makes it ideal for Arctic conditions.

Kelluu



As such, the startup is positioning its airship as a particularly useful means of monitoring future Arctic bases or territories. The theory goes that the longer its fleet can stay aloft in rough conditions, the fewer people are needed on the ground to maintain and operate the airships.

“We are hoping to soon have an asset that can run multi-day missions, so you need even fewer persons working out there,” Kuikka said.

Catching NATO’s eye

Joensuu once heavily relied on Russian tourism, an income flow sapped dry in 2022 after the full-scale invasion of Ukraine prompted Finland to stop issuing tourist visas to Russians. The following year, Finnish authorities closed the country’s 833-mile land border with Russia.

Helsinki, like much of European NATO, is now grappling with the question of how to guard its eastern borders. The Finnish government is already raising concerns about illegal immigration, which it says Moscow is intentionally orchestrating as a gray warfare tactic.

Kelluu was founded in 2018, well before these issues drew public concern. It began by building airships for civilian use, such as monitoring power lines.


A close-up of Kelluu's current user interface for monitoring airship fleets.

Kelluu provides a digital user interface for monitoring airship fleets.

Kelluu



Now, the war is turning it into a rising star in Europe’s defense industry.

Kelluu was one of 14 firms picked by NATO’s Defence Innovation Accelerator for the North Atlantic, or DIANA, to enter the second phase of the alliance’s 2025 program.

The accelerator program is trying to connect allies with startups and defense contractors, pushing governments to adopt new tech into their militaries within two years. Roughly 2,600 companies or parties initially submitted proposals to DIANA this year.

After several showcases, Kelluu was the program’s first company to land a deal with an allied country under a new “Rapid Adoption Service” to conduct national trials, a program spokesperson told Business Insider.

Neither NATO nor Kelluu named the member state, but Fabrizio Berizzi, challenge manager at DIANA, praised Kelluu’s airships as “strongly versatile in terms of maneuvering and endurance” and useful for 24/7 surveillance.

“The airship solution proposed by Kelluu fills the gaps on aerial platforms operating in altitudes in between the typical UAS and aircraft airspaces,” he told Business Insider in a statement, referring to uncrewed aerial systems.


A Kelluu airship just after launch rises into the sky with its nose pointed upward.

A Kelluu airship can immediately point its nose upward after launch and climb quickly into the sky.

Screenshot/Kelluu



Berizzi highlighted the airships’ jamming-resistant capabilities, saying that they can operate in “electromagnetic contested and congested environments.”

Each airship is also “difficult to detect from radar due to its low radar cross section, or radar reflectivity,” he said.

Building thousands of airships

The material of the airship’s metallic, mirror-like skin is a company secret, the firm said. When asked if it helps avoid radar detection, the company declined to answer.

But Kuikka said the core feature of Kelluu airships is that their structure allows them to be filled safely with hydrogen, which is flammable and more dangerous than helium but provides better lift; it is also lower cost than helium.

These airships are built with a semi-rigid frame, meaning they have some structural integrity but primarily derive their shape from the gas within. Zeppelins, by contrast, had fully rigid frames, while other airships like the $21 million Goodyear blimp would collapse if they were deflated.

Janne Hietala, Kelluu’s CEO, said that lighter-than-air technology is often overlooked in the defense industry, especially with disaster stories like the Hindenburg marring its history.


An airship used by Israeli forces is seen docked near the ground.

Other militaries have also deployed airships, though they are typically much larger. Israel, for example, deployed a large airship in 2024 that it said was later hit by Hezbollah.

Christopher Furlong/Getty Images



NATO evaluators were surprised, he said, when they assessed the company’s airships during trials, which included naval showcases in the Atlantic.

“Nobody kind of believed us,” Hietala said. “When they looked at the specs, they were like: ‘Well, the wind is going to blow it away.’ But when we actually deploy, they’re like: ‘Oh, it actually works and makes sense.'”

Kelluu now maintains a small active fleet of just under 20 airships, but Hietala said it’s focused in the near future on scaling up mass production capacity.

Some of its airships are already being deployed in other countries, such as Latvia, for testing or client use. Kelluu now manages and operates the fleet for its clients, but is discussing the possibility that some militaries may want to operate their own airships.

“Our intention in Europe is to manufacture more than 500 for the Western world, and we expect to eventually have 3,500,” Hietala said.




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