Why entrepreneurship is much more valuable than IB and PE. Go figure...
Excerpt:
It was just my third year out of college and I made a little over $250,000. For a Brazilian immigrant who spent most of his childhood kind of worried he would have to do physical labor, I felt like I had really made it. My job was challenging (making investing decisions always is) and I worked with some really smart and motivated people.
But, beyond “making it”, I was comfortable. After a year of private equity investing, I felt like I was good enough to do it for the long haul. While I’m sure there would be a few unexpected twists and turns, I sort of knew what the next 20 years of my life were going to be like and it looked pretty good.
There was only one little issue. It turned out that I didn’t really love money.
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good story :)
Yipit ("a service that finds you great local deals by learning your tastes.")...you mean, like Groupon...you mean, like a coupon model that has virtually no significant barrier to entry and in a field where the 'leading brand' is losing money in an attempt to establish itself while being cannibalized by new entrants virtually every day, in a business that likely be an ultra-slim (if not nonexistent) margin business model? Your cash flow models could have warned you...
This is meant generally... Guy had the balls to start his own company (Ok, I admit, it probably was easier with some cash saved)... Nonetheless he is a free entrepreneur, while you are a hedge fund slave :) But this is an individual approach, don't take the post seriously...
or as Salman Khan once said "You read that and you just say, screw the hedge fund world" :)
"...while you are a hedge fund slave."
Yes, you see children- after an ad hominem attack, you can expect a cogent and logical argument will follow.
Look, you can say jumping into a pit of lava is "brave" and "daring", but I think it is suicide. I'll be happy to stand on the 'groupthink' lip of the volcano and doubt. Entrepreneurship for entrepreneurship's sake is a myopic and flat-out wrong outlook. Otherwise, I better file my patent for selling cardboard and bile sandwiches...no one is making those- it's intrepid.
Oh, and by the way- the fund I work for is a start-up. I can appreciate a good idea when I see one.
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