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I'm curious what your test was for deciding whether someone was in finance.
by pg 16y ago
I'm curious what your test was for deciding whether someone was in finance.
- apsec112 16y agoHere are the industries I considered to be "finance": - Hedge funds and other money management - Private equity - Investment banking - Leveraged buyouts - Proprietary trading - Traditional (retail) banking and credit cards I did not consider heirs with investments to have gotten their money in finance, unless they increased their original sum ten-fold or more (in real dollars). I also did not consider real estate investment/speculation to be finance.
- pg 16y agoSounds reasonable. But when you have time it would be useful to see the actual lists of the people you put in each category.
- deleted 16y ago[deleted]
- deleted 16y ago[deleted]
- ynniv 16y agoSince the ecosystem of non-bootstrapped startups combine founders and financiers, where do you draw the line? VC firms seem squarely in the financier camp, and founders who do not contribute capital are not, but angels and incubators are more difficult. An honest classification attempt would attribute some of their equity to capital and some to work contribution, but even when there is currently a stable valuation available to calculate the capital contribution to an equity grant, the numbers are often uncertain guesses.
- deleted 16y ago[deleted]
- apsec112 16y agoI actually counted VCs as having made their money from technology rather than finance.
- ynniv 16y agoapsec112: I see your reply, but it is [dead] I actually counted VCs as having made their money from technology rather than finance You know my next question then: what is the financier/founder ratio if you consider VCs to be financiers?
- bokonist 16y agoReal estate probably should be considered finance, making money in real estate is all about having access to the proper financing.