veyron

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841.
Bootstrapping an Ultra Low Latency Trading Firm, Part 1(veyronb.wordpress.com)
115 points by veyron 15y ago|24 comments
842.
by veyron 15y ago
You can't ask for passion from an employee unless you are giving them a meaningful equity stake or paying above market rates. Quite frankly, if you dont give a good stake or a great salary, employees won't naturally feel like going the ext
843.
by veyron 15y ago
Replying to bmj (not sure why i don't see a reply link ...) For me, and I think for a lot of other people on HN, retirement means not having to work for the money. Which, for people in some areas of the world, isn't really that much. And
844.
by veyron 15y ago
Didn't voltaire do this centuries ago?
845.
by veyron 15y ago
"Not having to stress out about personal finances" may be the better statement here
846.
by veyron 15y ago
Because you can make enough money to retire before you are 30, which means you can spend much more time with your wife and kids when that time comes. I wouldnt want to be the type of dad who has to stress out about money issues.
847.
by veyron 15y ago
Fast C++ is an oxymoron. Real men use C and assembly. And yes, I bootstrapped my own HFT
848.
by veyron 15y ago
Most ultra low latency trading strategies are intimately related to the technology platform. Here's an example strategy: Most platforms slow down when there is an influx of orders into the market. Some are designed to force events during
849.
by veyron 15y ago
Sounds like you need a technical cofounder. Search the archives -- there are a bunch of requests -- and talk to some of those people.
850.
by veyron 15y ago
The reason why profits don't flow down is because the buck doesn't stop with them. There are plenty of developers making much more, but in those cases they take the fall if a trading strategy loses money. Those developers that do take the
851.
by veyron 15y ago
Facebook managed to reach critical mass, which MySpace could never do.
852.
by veyron 15y ago
The only response that matters is the CEO's response. PG's response is, at the end of the day, an investor's response. It will always be construed as an investor's response
853.
by veyron 15y ago
Obama invokes 14th amendment, debt may be downgraded, we move on
854.
by veyron 15y ago
+1. It solves the problem of having to sign up for facebook or some other service
855.
by veyron 15y ago
'High Frequency Trading' is a blanket term, encompassing all trades whose holding period is less than a day. For 'Ultra Low Latency Trading', its all C/Assembly/custom cards. For non-ULL HFT (such as information arbitrage or many traditiona
856.
by veyron 15y ago
That's the wrong way of looking at the situation. For many observers, airbnb debacle is the first exposure they have to the online personal rental market. Roomarama is trying to remind people that the industry as a whole is not broken (it'
857.
by veyron 15y ago
I wish I could upvote that comment multiple times. That's true in general. Bootstrapped startups, as a whole, are generally built to be long-standing real businesses, and they treat the business as such. You don't sink tons of your own mo
858.
by veyron 15y ago
Already requested: http://news.ycombinator.com/item?id=2511824
859.
by veyron 15y ago
Given that they control the communication, the implied business model is that trustworthy people will be using the service. If they truly expected these types of incidents to happen a lot, they would require more information from people (to
860.
by veyron 15y ago
Airbnb is a business. And honestly their behavior is exactly what I would expect from them: dont admit any liability, offer words of consolement.
861.
by veyron 15y ago
If you think the idea is worth pursuing, did you try to borrow some money from a credit card or home equity loan? I know it's very risky, because you may end up hurting yourself if things dont work out, but if you genuinely believe there i
862.
by veyron 15y ago
Question: Suppose that I use airbnb to rent out my apartment to someone, and that person leaves the door unlocked and a third person goes in and steals my imac. Who takes liability here? Is there something in the airbnb agreement which ex
863.
by veyron 15y ago
Try doing 11 classes per semester :) you can do it in a year. You can't go full-out until you actually have a reason to care about your classes. Actually try to work hard on your classes, and maybe after the first semester you might find
864.
by veyron 15y ago
Build a small project and start working up. Here's a simple example, and I and some of my compatriots would be willing to pay for someone to build, maintain, and possibly open-source it: Build a parser that can read logs in the NASDAQ OUCH
865.
by veyron 15y ago
"You profit from creating value." I really wish more people, especially SV-esque startup people, approached business this way.
866.
by veyron 15y ago
Of all of the items discussed, the birth certificate, social security and passport are the most important (imho). Supposing I kept them in a bank safety deposit box, what would a thief need to get access to that box?
867.
by veyron 15y ago
That split seems wrong. There seems to be no deterrent to the type of behavior the author experienced, so it would seem that everyone with an inkling will try to steal the renter's identity. I'd estimate that population to be 1-3% of peop
868.
by veyron 15y ago
"I want to be able to take an idea and turn it into a product that people would be willing to pay for." <-- there are lots of great programmers unable to make a product people would be willing to pay for. You just need to do lots and lo
869.
by veyron 15y ago
First redefine "better". Better is not measured based against a report card. Strong programmers are better able at taking problems and representing them in an efficient manner in a programming language suited for the job. Are you interest
870.
by veyron 15y ago
Old news. This has been in place for years.

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