Re: How nice of them
Having worked for GS for many years ... a long time ago, I can confidently tell you they will be expecting a far bigger return than 200%. Given that even at this late stage of funding a fair percentage startups crash. You have to get a lot of money out of those that succeed to pay for those that don't.
What also should be mentioned is that despite GS being a banking firm it is also very much a company that values technology. I remember the chap who GS is putting on the board of this firm. 15 years ago he was one of their unix SA's.