Starting a Bulge Bracket Bank?

Hey guys so I just finished my stint as fall intern (nyc) in sales at a bb (think merrill, ubs, chase).

I’m doing pretty well they’re giving me $25 an hour, I’m on parents insurance, and I’ll probably get an offer with a chance to start my own book of business with unlimited ceiling.

But me and my 3 buddies (chad, Jacob, and Christian) are thinking of starting our own bulge bracket. Does anyone have experience doing this or know people that have? Ideally we want to raise like 100-500m to start but the goal is $1b and then organize.

For info:

Chad: 3 years of Interning at his mentor and uncles long only hedge fund and has lots of experience even though he’s 22 (he got me off robinhood and on to TD) and he’s Bloomberg certified.

Me: I booked 100 meetings In 3 months with a lot of business owners around our branch and rubbed shoulders with a bunch of heavy hitters at my hometown executive golf course when I was working the snack stand.

Jacob: President of the hedge fund club and head of the research team. He knows a good amount about oil, crypto currency and published a research report back in 2020 about why Bitcoin wouldn’t hit 100k. Contrarian spirit backed up by lots of word documents of his notes.

Christian: hes into consulting and idk I guess maybe him? He’s not in the business school but has philosophy rewards and is a forward thinker. He’s thinking of going to Deloitte and Mickeynsy but ive never seen them on the bb list or at the investment banking networking events.

So the 4 of us wrote down a potential plan of attack with our older friend at the gem (btw underrated spot for the best martini espressos). His apartment is sick but ideally TriBeCa or soho with no roommates if I’m running a spot. Let me know if this is a bad idea or the right time to make this move. I appreciate any advice and insights fellas.

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