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Starting an online commerce firm from inside a hedge fund is not exactly what this guy is talking about. He's talking about allowing promising managers to inve
by bd_at_rivenhill 17y ago
Starting an online commerce firm from inside a hedge fund is not exactly what this guy is talking about. He's talking about allowing promising managers to invest money (which is a hedge fund's business) without excessive direct interference from more senior managers and with a direct stake in the outcome. D.E. Shaw is not an internet company (Juno aside). What the author is suggesting would be something like Google giving operational autonomy and a percentage of the profits to the guys who came up with gmail.
- jonsteinberg 17y agoYes that's what I meant. There is too much top down at all the major tech companies. No one tells a pad manager at DE Shaw what to do. He either thrives or blows himself up and is fired.