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Coming from the tech/startup world I have a pretty good understanding how to get a business off the ground (a successful exit is a different matter) in that space. If I think I have a better way to do online marketing attribution or alerting on abnormal server performance, there's a clear path to turn that into a company. It involves writing the initial version of the software, filling for an LLC where you trade a little bit of cash and the IP for your founder's shares. Depending on the exact nature of the business raise somewhere in the ballpark of $200k from a friends and family or angel round to pay for AWS fees and maybe an employee (who also gets a bunch of equity) or some marketing. Then go try to sell your SaaS offering to potential clients. If I have a better way of picking stocks or valuing options and want to launch a hedge fund (or other buy side firm), what's the equivalent story look like? What's the bare minimum for pre-funding organizational expenses? By funding I mean raising AUM. I think I need to raise both investment funds and equity in the "firm" itself. How are those split? Presumably the firm's assets and the portfolio are segregated, but I really have no idea. Am I thinking about this correctly at all?
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Jul 17, 2017 01:11
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Pryor on Fire posted:Are you an accredited investor yet? Yes
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Jul 17, 2017 05:25
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ohgodwhat posted:Are you doing prop trading or a hedge fund? Let's go with hedge fund. I assume the answer for prop trading is, "just start trading your portfolio," but if not I'm be curious how it differs.
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Jul 18, 2017 13:03
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