Why not yolo some ultra levered high beta name then get fired or make money & quit (don't want to do investing anyway)
Used to do PE for a few years, at top MBA now, don't want to go back to finance, could easily get a job at a startup, know which ones I'd join, etc. etc.
Why would I not just take 6-12 months post-MBA at a place that will give me a small sleeve (I have found 1-2) and absolutely yolo it with the most leverage I can get on some high beta, high growth software / marketplace 1-3y post-IPO name, or even a FAANG.
Worst case scenario I get fired and go to a startup, best case scenario I get some sweet P&L and then quit to go work at a startup.
???
Seems like a free lottery ticket.
What are you, like 30? Who still says "yolo" lol
Who the fk is gonna give you a sleeve when you have zero public experience? I will email their LPs right now.
same thing I was thinking. This guy obviously has no idea how it works
No one will give you a sleeve 6 months out of business school. Zero chance.
Even if you are given any chance at it, the effective yolo-able capital is much smaller than you think given all the likely constraints.
The risk model of the fund probably won't let you do that.
Places that hand out sleeves liberally meticulously monitor and punish yolo’ing if any kind
For a handful of funds that had the flexibility to YOLO levered long growth… they did already did that
You might think it's reckless but your investing approach is not that different from most SM.
Tiger Global:
You think risk won't monitor your positions?
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