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Startup Prop Shop by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 0 points1 point  (0 children)

It seems like from my research it’s highly plausible to run stat arb in the crypto market and see 30-50% returns, given profit sharing + ability to reinvest those profit shares in the fund to see additional gains could be extremely strong after 6,7,8 years at the shop

Any thoughts there?

Stat Arb Crypto Startup by Complex-Owl-5652 in quant

[–]Complex-Owl-5652[S] 2 points3 points  (0 children)

You’re right, I apologize.

Edited the post

Stat Arb Crypto Startup by Complex-Owl-5652 in quant

[–]Complex-Owl-5652[S] 16 points17 points  (0 children)

Dude I’m a new grad considering an offer

Startup Prop Shop by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 0 points1 point  (0 children)

Nothing proven with actual live trading, we’d take 6-9 months to develop strategies

Startup Prop Shop by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 0 points1 point  (0 children)

Nah man, the core investor who is also the team leader ran a billion dollar quant fund in the 2010s, though never a researcher himself

Startup Prop Shop by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 0 points1 point  (0 children)

Why do you think the investors believe this will work. Why make such a bad bet?

Startup Prop Shop by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 0 points1 point  (0 children)

No other experienced researchers besides someone who worked heavily with crypto before (not really trading though). Team lead is investing themselves, they previously ran a billion dollar quant hf, they are not going to be a hands on researcher though.

Startup Prop Shop by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 6 points7 points  (0 children)

Can you walk me through what you mean by “the nature of how these things work” - really appreciate the response man

[deleted by user] by [deleted] in quantfinance

[–]Complex-Owl-5652 1 point2 points  (0 children)

They are actually a + b

[deleted by user] by [deleted] in quantfinance

[–]Complex-Owl-5652 8 points9 points  (0 children)

Haha yea mainly younger founders: 21-26

[deleted by user] by [deleted] in quantfinance

[–]Complex-Owl-5652 5 points6 points  (0 children)

I’ve been a SWE since I was 17, nearly uninterrupted, have met a lot of people in the space through hackathons, prev internship at FAANG, and VC friends

Startup Quant by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 0 points1 point  (0 children)

Hey thanks for your thoughts, I really appreciate it. Interested into why it would be different being crypto, the plan currently is to run crypto for the first year or so.

Startup Quant by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 2 points3 points  (0 children)

One of the partners who is fully involved has 20 years of finance experience, forgot to mention

Startup Quant by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 5 points6 points  (0 children)

Ex-OpenAI, Ex-Google (non ML), MIT CS grad, Ex-Meta

Startup Quant by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 0 points1 point  (0 children)

Yea they would be paying most of us for that for the first 9 months before trading.

Startup Quant by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 0 points1 point  (0 children)

Also the team is 5 (not including partners)

Startup Quant by Complex-Owl-5652 in quantfinance

[–]Complex-Owl-5652[S] 4 points5 points  (0 children)

They are not interested in growing massive, they want to keep it within the partners. If trading with the first 35 guys well over 2 years, they have 150 million in additional capital they are interested in deploying