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> You could say the same thing about Google and Facebook versus Twitter or Snapchat. You can't. Renaissance only hire ~100-150 people, their strategy is very m
by hogFeast 7y ago
> You could say the same thing about Google and Facebook versus Twitter or Snapchat.
You can't. Renaissance only hire ~100-150 people, their strategy is very much based on only hiring the best of the best. This is nothing like tech. Tech firms employ thousands of engineers, you have to employ average people if your demand is this high.
Jump and Citadel aren't trying to do what RenTech does either (it is very hard and very risky). They do a lot of HFT, afaik Jump is just a market maker, so they are more like tech companies in that they do not need geniuses. They just need competent bodies at scale who won't blow up the company.