From finance to entrepreneurship, your stories?
For people / or people you know who have made the transition from finance to starting their own businesses.
What kind of business are you running? Any success/failure story and lesson?
I'm running a referral marketing agency catering to a niche segment of fintech, have a bit of a hard time for it to take off given amount of time I'm spending on this side business, still have my full time job in finance but I'm contemplating going full time business owner.
Not an entrepreneur (maybe one day) but just curious op, what are you interested in.
Bump
I've been waiting patiently for a follow up to this-
https://www.wallstreetoasis.com/forums/my-story-the-sequel-to-the-ownin…
I've been thinking long and hard about entrepreneurship myself and I believe that the days of buying laundromats are gone. The next big thing is decentralized finance - still the wild west right now, but so little regulated that you can move fast, start things and break things without having to jump through endless regulatory loops. Just a bit more technical than the business model of your average waste management firm..
agreed. but in what capacity could you become an entrepreneur in decentralised finance?
I guess it depends on what you call "entrepreneur". DeFi is like fintech, it can mean anything.
On the investment side, it'd be easy to offer give non-tech savvy investors access to returns derived from crypto. The 8th biggest cryptocurrency (Polkadot) pays you 12% per year just for staking. Lending USDT (a stablecoin with a fixed value of $1) can net you an annual >30% return which is basically risk-free since crypto loans require borrowers to put a collateral whose value is greater than the loan itself. There's also yield farming, in which Mark Cuban is active.
All DeFi projects on the corporate side will still be related to financial services. For video games, in-game currency could be based on an actual token that it'd be easy to trade on online markets, etc. An interesting use case is KCS, which is Kucoin's (a crypto exchange) currency. Each day it pays 50% of the transaction fees generated during that day to all KCS holders.
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