Sundheim Is The Man - D1 cap thoughts
Bloomberg put out a piece on D1 today. Tremendous amount of respect for Sundheim, he really dug himself out of a hole and has been killing it. To be down 20% and then finish the quarter down 3%, that takes some serious skill; I don't know of many who can do that. My claim to fame is I went to the same school :) hurrah hurrah no frat stuff tho haha. His buddy Plotkin is having some trouble. If you are interested in L/S, D1 should be on your list. Scaled from $4bn to 20 in THREE years...sheeeeesh.
Does anyone know if D1 recruits from IB, or is it strictly MF PE and probably HBS I'm guessing? Put up 50% last year, and they probably have an investment team of what like 20-25 -- Sundheim at the top and then a bunch of analysts? Pay probably blows, guessing those analysts got juicy $1-5m bonuses last year.
Also, how sick of a name is D1.
Dan is obviously an incredible investor. They have people from a variety of backgrounds, ex journalists, ex MFPE analysts/associates, analysts from MMHFs, ex bankers, Viking ppl that left with him, as well as quite a few people from the credit side at funds like Silver Point. Investment team is closer to 30-35 people.
Think you are exaggerating the comp for junior analysts there, like its been said, Junior analysts are viewed as a fixed cost before producing PnL and taking risk. Im sure some senior analysts made well over the numbers you outlined tho. Honestly who cares what comp is at a place like that, obviously its a great spot to work at no matter what.
Dan the man. Heard they had a crazy year last year, over 50% I think. Business Insider has a list of their VC investments, and I think several of them are going to IPO in the coming months. D1 is only like 3 years old, how much do you guys think an analyst that joined in 2018 made last year, what like $5m+? Maybe a junior analyst made like $1-2m. I think most analysts come from IB --> PE background, or maybe just IB.
Here we go again..