4 ms·
Fascinating story, thanks for sharing! "we realized that there will always been a better resourced or more dedicated team willing to fight you for your alpha"
by alexcnwy 7y ago
Fascinating story, thanks for sharing!
"we realized that there will always been a better resourced or more dedicated team willing to fight you for your alpha"
- that's part of what makes financial markets such a fun and interesting challenge but agreed, intermediary risk at the timescales you were operating at in this kind of unregulated market is real and not fun
I'd love to hear what problem you moved to that you believe you can build a long term competitive advantage on if you can talk about it?
- nickreese 7y agoMy partner and I had built broadbandnow.com and were looking for a new interesting problem to solve to get us fire up again about fun tech problems. This just scratched the itch. The team was running day to day of the other business while we worked on the HFT bot. Shortly after we realized we either should exit or hire an exec team to run the business. After a few months of executive search we found an offer we liked and took it. These days I’m interested in using some heuristics based on public data to help consumers make informed decisions about nursing homes and in home health care. Still early on this project but lots of data and not many people looking to do good in that market. Seems like a great place I can add value.
- alexcnwy 7y agoVery interesting. Your nursing home project sounds like you could definitely add loads of value - best of luck for it!