Pursue a Start-up Idea or Move to Quant Fund?
Title says it all. I need some advice folks.
I'm currently a sell-side quant doing AI research. Couple of seniors left for Quant Research roles at HFs and prop shops. And I've been preparing for interviews as well so I can jump to the buyside in a year or 2 (I want to see how much I can learn in my current job first).
Thing is, I got this start-up idea that I want to pursue and I just don't have the time to work on this idea while interview prepping for buy side quant research positions. The idea is fairly simple but could potentially be worth a lot of money (not billions but certainly many millions). There is 1 company doing it now but they aren't very aggressive and seems happy where they are. So I want to offer a slightly differentiated alternative with a more aggressive strategy.
What are my options here? I work 40~50 hrs a week so I have plenty of time now. Even if I made the jump to the buyside now, idk if I would have the time since the work hours will likely be 50~70 hrs/wk.
Let's build this start-up together!
Haha, I've had the same thing. I have a start-up I want to pursue but difficult to do with consulting hours. Also, want to recruit for buyside PE, but then definitely won't be possible.
I've debated jumping to industry for a ~40 hr/wk job and then working on the start-up on the side and then depending on viability / traction, then quitting industry job,
Interesting. Tbh, I'm just too ambitious and I want to do it all. But realistically I know I can't.
I thought maybe I should move to the buyside, work for couple more years, build some wealth and then work on my start-up. But the window of opportunity might remain for only a year or two in my case.
Also how serious are you about this?
I need a technical co-founder (Software engineering type) as well another co-founder who understands this field (I already have someone in mind but idk if he'll be up for it).
I know you've got your own ideas, so maybe we can just share them and critique each other?
Happy to chat - feel free to DM.
Pretty serious on building a business than continuing to work in consulting. Also, my background is in strategy consulting, not technical.
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