News for hackers. Stuff that matters.

smc-

Re:Tech’s Most Unlikely Venture Capitalist on Wednesday February 03, 2016 @01:02AM (#11024974)
Your story has the same ring to it as David Baasov, Canadian guy who took over PokerStars. Story here: http://www.forbes.com/sites/nathanvardi/2014/12/01/the-king-...

Homeless, inspiring, success, ticks all the same boxes.

Pejman - Great history man, and even better story.

Re:Entrepreneurs Transform Cities, Not Football on Wednesday February 03, 2016 @12:53AM (#11024952)
excellent read.. i found it especially interesting how you broke it down by fundamentals to quantitatively compare the two, with the stadium capex as a baseline.

Your thesis makes perfect sense, and in a perfect world governments, and corporate America for that matter, would follow your thesis and invest in job creation through startups. However, human nature has the habit of seeing their name up in lights as 10s of thousands pour into the stadium to watch football.

I think what your article really is getting to the bottom of, and by using football as the foil, is that to drive the US economy as the largest generation on the planet - the millenials - takes the reins. Where the focus needs to be is on empowering the entrepreneur, which in turn will empower the people through employment and wealth creation.

Kudos for your company, iSelectFund, for helping to make that vision a reality.

What time frame are you comfortable with? It sounds to me like you're looking at a 1-2 year span to get your feet wet. There is so much to learn, particularly if you are coming from a non-finance background, I would urge you to consider committing to it for a longer span. Which would mean that you would have greater flexibility and desirability on the other side, should you choose to leave. Otherwise I would urge you to avoid the space..

There are plenty of bankers, traders, and other sell-side guys that move around. But don't use that as a template for what you're looking to get into.

To answer your question, will there be restrictive covenants, yes - especially if you are going into buy-side HFT with proprietary in-house algos.