Forbes came out with their annual 30 under 30 for 2018 today. It's that time of year where we feel bad about ourselves, but at the same time motivated, because no matter how well you're doing, there's always someone out there who's doing even better. Unless you're a 29 year old Partner at Pershing Square.
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Probably true. At least Vitalik and Charlie are the faces of Ethereuem and Litecoin, I'm still skeptical about Bitcoin since last week's crazy drama with the segwit2x being cancelled.
Agree. Send in your pay stubs and rank in descending order.
two sigma isn't that difficult to get into anymore
But it's likely Buterin.
Not sure about that now..
Is that Korn kid at Pershing Square the son of David Korn that political commentator douchebag?
Thanks for sharing the link. Interesting to see blockchain based ventures being reflected in the profiles.
Meh. I just got a title promotion that didn't come with a raise. Take that, Forbes.
So is it 'Senior Janitor' now or 'Executive Janitor'? I mean they both sound good. Congratulations.
Forbes must have missed all the under-30's on LinkedIn who are "CEO / Entrepreneur / Thought Leader / Disruptor / Reiki Healer"
damn Vitalik Buterin is the youngest person on that list and probably by far the wealthiest
Not sure if this is true, but someone said that you need to submit yourself to be considered for 30 under 30, so its not like they seek you out. A few of the people are obviously really legit(Like Vitalik), but if you're wondering how some of the 29 year old VPs or Principals made it its because they made an effort to be recognized.
i honestly have so much more respect for the people who actually started their own business/crypto/hedge fund versus all of the people that are just like VPs in BB IB. seriously confused how they deserve to be on this list to be honest..
^I've had a few credible sources confirm this is true.
Can confirm. I've been a finalist for the VC list two years in a row and the process is a fucking joke. You can technically nominate another person, but the questions are so personal it would be impossible to have someone random nominate you. So, you nominate yourself and then Forbes contacts you. You have to fill out a survey with your hopes and dreams and then you get on the phone with Forbes. The criteria is basically "be a VC under 30" - and also, totally uneven with people who have founded or created something, and people who just have good jobs with good firms (I'm the latter). My MD thought I'd have a shot so he told me to nominate myself, even though I've been fairly normal in terms of my Associate-level accomplishments (some good deals, some cool shit, nothing mind blowing)
(Just to clarify, I've been a finalist but not chosen for the list. I didn't really try very hard this year because I was applying for MBA and the apps were due around the same time)
Anyone know if this is only true for the finance list or more generally (vp at Goldman Sachs was always some bullshit so I didn’t really care about the finance list but I had a pseudo crisis of faith cus of the science list).
Tom Dadon impresses me although I know 3G has the tendency to have very young people in very senior positions. Also, Julia Yu seems nice....
Agree with those thoughts.
I some concern with 3G strategy going forward. But I'm a big believer in the de-branding movement. They are obviously great costs cutters, but the lack of product development could be a problem.
Totally agree. Similar with when they purchased Tim Hortons they installed some very young senior people and all they did was slash and burn.
idk about Julia but my friend working in same position as her at millenium cleared 20m before taxes a year ago.. so in terms of $$ def should be on the list
This thread, lol.
You know, http://fortune.com/2016/09/13/40-under-40-where-are-they-now-2/</a">they also publish a "where are they now" of 30 under 30's, retrospectively. You might be entertained to find out how many of these "rising stars" end up falling off the map, convicted of felonies, or otherwise not so impressive down the line. Just a short list:
Elizabeth Holmes - failed Theranos chief, currently barred from operating a lab for the next two years.
Marissa Mayer - participating in puff pieces on Yahoo! news after running that same enterprise into the ground.
And from the '97 class:
Jon Saltzman - publisher and senior editor at a no name publication.
Too bored to keep going through this, but you wouldn't recognize the places where most of these people landed.
As others have said before - who cares?
I was with you until you noted Marissa Mayer as an example of "falling off the map". Lmao bro she is worth $300 million+. Damn I would love to fall off the map like that.
Understood, the golden parachute she's riding can keep you floating blissfully for the remainder of a lifetime. Still, she fits my point which is that frequently these people make the list when they're in the limelight, but that you can't stay on the top of the roller coaster forever. Her cache as an executive was more significant prior to her tenure at Yahoo! than it is now. She is now "that lady that got paid millions of dollars to make several poor decisions at Yahoo!", not "40 under 40".
I'd rather run Theranos or Yahoo and fail in a fantastically public and grande fashion, i.e. "falling off the map" than not being there at all.
Sure, I think most posters on this board, and I too, would agree with you. My point is merely that the darlings of Forbes' "under __" lists are just mortals, like the rest of us - as evidenced by their careers falling victim to gravity, eventually. These lists are not much more than self-congratulation from connected people.
I don't think theranos or Yahoo are even comparable
There might be some cognitive dissonance in my comment but I really feel like the list should only include people who are "head of XYZ" or "founder/CEO/partner a XYZ" etc. I mean come on...Associate banker at GS??
Ryan Williams is such a handsome brother.
Don't insult Mr. Williams like that.
He ain't go to Harvard, GS TMT, & Blackstone to be compared to that tap dancing fool.
The 29 year old Pershing partner is a short little fuck and apparently can't even find a decent fitting suit/have enough taste to pay for a good tailor.
Looks well on his way to being as douchey as Ackman himself
His speaking style does heavily remind me of ackman. Like a mini-me.
Thing is every other trading desks now looks at an ackman idea as the top filter for finding potential shorts.
Going back through old threads lol - Ryan Israel is now CIO of Pershing and worth a cool $1.1bn
"We manage $20 billion of capital". Video really went and dated itself didn't it.
I couldn't get through the whole video, cringy-er than garth brooks youtube
Wow... Michael Ding, I remember that kid from undergrad asking to copy my problem sets for Math and Econ classes... he's certainly come a long way...
You either have it or dont
Can a one hit wonder short-seller really raise 200 for a short fund.
FWIW Valeant is still one of the most misunderstood stocks in the market despite all the media coverage.
And of the shorts I'm not even sure they got it right for the right reasons. They were right with some of the issues, but IMO the biggest reason it crashed was being highly leveraged when the pricing environment for pharma changed. Teva has fallen a lot to and theirs no fraud with them. Just lack of pricing power.
Think she was running the short book at a small (for HF world) fund.... so she has experience running a short book through one of the longest bull markets in financial history and she was early on Valeant which always helps with opening doors. Think Marc Cohodes (a famed short seller) is also seriously going to bat for her with allocaters
All that said, still difficult to raise a 200mm fund and her age will give allocators pause
Still, even if she doesn’t raise a fund she actually deserves to be on this list as opposed to any associate at GS or even a mid-level pe guy at a mf
Agree that this list is kinda BS (by no means downplaying anyone on this list, obv super impressive) -- but damn, 27 year old PM at Viking? Jesus christ, that kid must be rain man.
What's more relevant than the 30 under 30? Almost everything.
Forbes is at the end of the day, a failing magazine at the verge of bankruptcy, with a CEO who's at odds with most of his journalists in terms of opinions, and this list is one of the few ways they manage to stay afloat. I was once invited to write an article on Forbes, but researching into the quality of content on the site, I decided against it. I'd rather be published in Bloomberg View.
Fortunately, once you're past 30 you couldn't care less about this list. That said, I didn't realize Vitalik was only 23. That's nuts. Explains his recent odd twitter comment comparing the damages of heroin use to owning child porn. Guy definitely needs to learn some EQ.
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David Sklar = Danny Almonte
Dude maybe I should get back into finance. Will they hire an ex-felon? I'm pretty smart and personable, but have a record and went to a state school.
nah nah, fuck that. Goldie you been watching too much Billions
I still fail to understand how random "senior associates" and 29y old VPs can make it anywhere near this list.
I mean apart from the 29y old Partner at Pershing square, all the other banking/finance monkeys in this list are pretty much decent or a bit above average at best.
To be fair, it is super hard to get jobs at those firms (i.e., Viking, Maverick, Bain Capital, Two Sigma, etc.).
why isn't lil pump on this list?
He dropped out of Harvard to save the rap game
These always leave me confused because some of the people are super fucking impressive, and some just really aren't. Also, I actually know a couple on here, and while they're certainly doing well, not sure that they're doing quite as well as their descriptions sound. For some of these guys "leading" books or deals is a stretch to say the least.
I still think despite that, interesting to read. I enjoy seeing how some different people's careers have gone, and learning about some new people I might come across down the road. Certainly shouldn't be taken to mean anything, but valuable in a different way perhaps.
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