How to find partners for a startup fund
Hi everyone, I wanted to know how to find partners that have previous fund experience. I am looking to get partners for a commodity futures fund that I am building. I am looking to get someone with trading experience, I have already formed the entity. Registered with NFA. Setup emails and domains. Have talked to vendor and service providers. Have contacts with fund seeders. Also have opened brokerage account. I am looking to do discretionary trading mostly with low frequency algo. All run of the mill, not trying to reinvent the wheel. Also I am high school grad myself and quite young. Have been trading self account for quite a while now.
PS: Try to motivate rather than otherwise.
LOL
Sir, Would you like to elaborate your point?
For starters, what insight do you think you have into the futures market that will give you an edge over other participants?
Jokes apart, I am going to be straight up, it's an interesting question that you asked. I mean the sole reason to start a fund is to make money for the investors and to do that we need a consistent edge. I mean in regards to the futures market, I have insight as I have gained certification from various futures exchanges. So I know the strategies like arbitrage and calendar spreads. But the type of strategy I look to deploy in this particular fund would be directional. Just pure algo trading, market timing strategies on 10-year notes, have ran extensive back-test on them for the strategies, no curve-fitting. And it has proven to provide a great edge in the long run. Also not to be boastful, but I can quickly spot chart patterns and have a high accuracy in intraday trading with good RR. So yeah, Other than that the main emphasis will be on risk adjusted returns and minimal drawdown by using low leverage.
I like to keep things simple as the end goal is to make returns. In the simplest and safest way possible. You gotta stay in the game to win it.
Hahaha. Hey but it’s okay for you as you are a Mostly Random Dude.
I would recommend Thought Leader Entrepreneur
LOL, Hahah, I think you read my answer to him. Hehe
How old are you, @HFT ? Did you just graduate high school or did you trade and not go to college?
Under 20, dropped out to trade after junior year in ‘15 and graduated this year.
Any alternate way to reach you? My PM limit is not open yet.
Can you not see my PMs? Sorry I just saw this btw.
Why don't you try building a track record at a prop firm or HF first? Not saying you would blow up or necessarily would fail or anything, but it'll be hard for people to take you seriously without several years of consistent returns. A back-tested model isn't going to impress anyone worth taking seriously.
Any suggestions.
Bump.
Finding a Start Up Partner (Originally Posted: 08/17/2010)
Hey Everyone,
So a few months back, a friend and I started a company with an idea for a website. Development hasn't been going as well as we've hoped and we're looking to bring in a third partner with more advanced web development skills. I want to know if you guys have any suggestions for how to go about finding such a person? No one else we know immediately has the kind of skills we're looking for so we're looking to find an outside person to work with us for a stake in future profits. If anyone here is interested, I'm also open to that. Just PM me. Otherwise, any constructive suggestions, comments, maybe websites or groups are appreciated.
Thanks,
notjonstewart
try the New York tech meetups (if youre in NY). There are several groups on Linkedin http://www.linkedin.com/groups?mostPopular=&gid=58314, http://www.linkedin.com/groups?mostPopular=&gid=1838208
I found a development partner by attending the NY tech meetups a year back and its worked out great.
Look good. I'll definitely check it out. How often do developers attend these events though?
E-Slavery is an option. There are websites like oDesk and eLance that pimp out talented Indian developers for $2 an hour. Good skill set, dirt cheap, and no equity position. If you're a real dick, you can even insist that they use a live webcam with screen shots every 15 seconds while they're working on your project so you can make sure they're not screwing off and padding the hours.
All ready tried those guys, and believe me, they charge a hell of a lot more than $2/hour.
You need a competent CTO. So none of your friends were CS or EE or ridiculous engineering grads? Hmm i have the opposite problem where none of mine are business savvy, and im stuck in the middle as an engineer trying to be a business man because im sick and tired of starup CEOs not having a darn clue on what the heck they are trying to make, send it off to India or South Africa and receive a pile of garbage code that doesnt do what they wanted since of course they have no idea about software development and what they actually required.
I have no idea how a startup can be successful if the founders a mix of financial, marketing and IT do not sit in one room and constantly brainstorm and implement ideas that effect the entire business.
IE: CS EE ME Engineer open to web and engineering startups
How do most people find partners to start up with? (Originally Posted: 07/07/2010)
How do most start ups find their partners? If i were to start my own company, wheres the best place to look?
What kind of company do you want to start?
Your current job or B-school.
I would say find some people within your friend circle who are business minded and hardworking. I started my own company with a good friend of mine a few months back and it's been workng great so far. Just make sure to keep everyone accountable. While some people avoid working with close friends I'd say it can be a good decision if implemented well as they are the most trustworthy typically having known you for awhile.
contact VC like Zuckerberg did, there are official startup meetings held in NYC as well, Groupon's idea was born in there
This is a great question.
What about using websites like gumtree by posting ads? Not sure, but it could help.
Cheers
depends on if you want full time/ft partners or part time / pt partners
ft partners would be very expensive and you would have to give up a substantial percentage of the company
part time, you would really be able to pay them like consultants and give up much less of the company
beware, this can be tricky
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