content: It's the perfect way to launder money, or to put a different "public face" on a given deal. Say you have an organization that people know way too well (would betray the agenda if people knew that organization was doing it), and that organization wanted to consume another company. Sometimes when some firm might trip the anti-competitive alarms, they can just get a few of their people or close associates in some other domain to start a new corporation and they'd invest whatever they had planned to buy the target company + the capital required to establish the new "golem" company. If the investment in the target company is worthwhile over a long run or valuated higher than the previous sum, it is roughly worth it.  There are certain types of companies that are flexible enough to make the golem company worth it, investment capital firms being one because you really only need the capital. You aren't manufacturing. Looks like it takes about a year to mature to the level where the golem company can be used to scoop up the target company. Basically, if you are an organization in one domain that is going to have difficulty buying some company in another domain for anti-competitive or public relations reasons, just inconspicuously invest in creating another business whose business is buying businesses, and then use that to buy the business you want - just creating a middle agent really. It's why when you look at the people highest in these firms they tend to all be on each other's boards. It's a big fucking game. I was pretty close with a young Jewish finance guy who right after college moved to a large city and got a job for one of these sorts of companies exactly. All of the owners, who he basically worked immediately under (there isn't much structure to these golem companies) were just a bunch of extremely wealthy guys who owned other companies - they just got together and hired young finance kids to work them 80-100 hours a week valuating the positions of companies in whatever domains they'd been assigned, creating reports, so that this gang of rich guys could go buy whatever it made sense to. Fucking Gordon Geckos pretty much.