3 ms·
If you can afford to buy in to a company that valuable then you probably aren't a regular employee, yes.
by robertlagrant 3y ago
If you can afford to buy in to a company that valuable then you probably aren't a regular employee, yes.
- ethbr1 3y agoAfaik (not my field, but well-docunented) prop shops like Jane Street don't take outside money. So they're incentivized to allow as many of their employees to invest as possible.
- robertlagrant 3y agoI've no idea if they feel they need this or not. But I do know that if you want to buy a significant chunk of JS (which is the context of this) then you'll need to have a lot of money to do so.
- ethbr1 3y agoThey typical reason hedge funds set minimums (aside from regulatory restrictions) is that they don't like dealing with a ton of small investors. It's easier to deal with fewer, larger ones. In contrast, if you're a prop shop that only accepts employee money, you're already dealing with your employees. So there's no real reason for JS et al. to set large minimums, in contrast to non-prop hedge funds.