Startup HF offer - seriously consider?
Me:
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Close to a decade of experience in data roles in tech companies
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Has always been interested in quantitative finance; loves the instant feedback loop vs tech
Fund:
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Totally new, but founders are well-known and early employees are legit
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Currently raising money and building infrastructure - confident they will hit their target AUM
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In my opinion has a really clear idea of how to use data to generate alpha
Offer:
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Base is same as current base; bonus target is much higher
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From industry data, seems to be at slightly above AVP level, lower end of VP
I feel I am way too excited and need some grounding, so coming to the forum for help.
Questions:
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As in title, consider seriously?
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What are the likely failure modes? What should I be wary of if I do join?
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Is this economic environment / "HFs in structural decline" mood a bad time to join a hedge fund, much less a new one?
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What do the exits look like? I could move back into tech for sure, but does it add anything to my exit opps?
Thanks to everyone!
You will regret what you will regret, but don’t let anyone on a forum decide for you. But I would take it. ;). What’s living and working without some risk. Salary is the same, upside is 10x, downside is the fund losing everything. You can dip before that happens…hopefully
Thanks - I'm leaning towards giving it a year. By that time I (or management) would be pretty clear on whether I'm cut out for it or not.
"HFs in structural decline"
Who's saying this? I thought hedge funds have been getting massive inflows since COVID related uncertainty.
Go for it. YOLO
The founders clearly see something in you to offer you the same base as you are making now with you having no experience in quant work to date. If you trust and like them this is a no brainer.
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