Had this exact situation. Turned to drugs. Lived like a GTA character. That’s unsustainable, similar to luxury vacations which turn dull. Now I‘m finding investors for curing MS with a team of researchers who‘ve built sth that is more accurate than CRISPR to cure my sister.
I actually want to get in contact with Sergey Brin about that because we might have something interesting for him - but my American contacts are only connected to Musk and people like a Polygon founder and music/hollywood people. This is not a psychotic or exaggerated message, I‘m sure HN can vet us (@dang) and get us contacts, currently I‘m talking to family offices in Saudi Arabia.
About meaning: if you get bored, aim for bigger positive impact.
short: We have a rigorously validated antigen-specific immune tolerance platform with bystander suppression, NIH/MS Society backing and a clear translational gap.
> If I decide in the future (perhaps once my account is to that 50-100M range) that the site is more of a liability for me than an asset, I may close it, with or without grandfathering.
I'd like to offer to take care of it and manage all aspects of it if you ever get annoyed by it. These algorithms are life-changing and the more (and especially lower income) people have access to them, the better.
You talk in plural form, but I can only find information about you on the page. With this kind of alpha, I'd expect a team of quant traders and physicists working on it (I actually talked with the creator of alphahub.us, he's a physicist). Are you intending to work full-time on it and what are the other plans (I saw you started a job at a new company)? Not trying to be skeptical, but this could be something life-changing if it works - already pretty hyped tbh.
The alphahub.us strategy has execution problems because some of the smaller companies in the NASDAQ have low trading volume, so it doesn't scale as easily as a macro strat. I've talked with people who run it and it runs into scalability issues even with limited amounts of capital. Still trying to find the catch with your offer because it looks amazing.
The performances of the models are almost unbelievable. I only saw something similar with alphahub.us in the past (but higher max. drawdowns) - what do you think of them?
I'm interested in running the Gold Plan, are there any resources on how to set up a fully automatic trading system with it? I'd love to connect.
- Have so much work on your table that you have to hire people. Don't force your growth. If you're doing a good job, you'll get more work to do.
- Make sure that the people you have in your team are committed and are able to organize their lives. Cultivate your company - e.g. have some rituals like weekly breakfasts and table tennis. Small things that increase the bond. Pay the salary on time, be open for personal conversations (personal growth of your employees is important) and remember their birthdays. Appreciation of their work is extremely important.
- Plan to spend some time (sometimes a lot of time) to guide your new employees. Try to build checklists for every reoccurring process.
- Build up savings. You should have 4-6 months of monthly income for every hire on your bank account e.g. if you want to hire someone for $4000, you should have $16k in the bank. Why? Because they may a) need longer to be productive, b) have personal issues or get ill, c) are not good in their jobs but you've noticed it too late (it happens).
-- We started to hire with less savings and I wouldn't repeat it. It's good for your sleep if you know that you'll be able to pay your employees regardless of anything bad that might happen.
1. Understand your client: If you have clients that are non-techy, you need to understand that they have other priorities than technical people. The most important things are: a) You care about them and b) They trust you. If they feel like this is not given (e.g. you didn't send a mail to / call them for 3 weeks), they don't want to work with you. Regardless of your talent. Communication is key.
2. You need two types of work: a) the ambient noise and b) the big stuff. What does that mean? You need to have a stable amount of monthly work that is reoccurring - e.g. hosting, existing clients that need changes etc. Why do you need this? Because you have to avoid at all costs to be desperate for work: You can't sell your work properly and you will overpromise desperately, you don't say no to bad clients. This can break the neck - especially for young consultancies. Have savings before you found your consultancy (e.g. for 6-12 months). Only hire people if you have the savings to pay them minimum 4-6 months (if they weren't making any money). Then target the big stuff™.
3. Learn to work. This may sound obvious, but I've seen many people who weren't able to deliver. We also had this problem in our agency. Developers didn't do what they should, people came late, etc. - You need to learn how to work without outside pressure (because you're your own boss). This is about behaviour and personality development. I'm making sure that the work was done and I'm doing quality assurance for the projects of my own web agency: trust is good, but negligence is stronger sometimes. Learn to control yourself and the work of others. Avoid micromanagement - try to use the scope that is the least invasive for your employees but still gives you a good overview.
4. Never promise something that you can't deliver. Just because the client doesn't want to hear it (e.g. "I'll need 3 weeks for this") doesn't mean that you can change reality. This gave me so much stress in the past because my co-founder overpromised regularly. Lower your expectations and learn to assess projects realistically. If you then are able to add a nice little surprise, clients will love you. Classic underpromise, overdeliver (slightly, you don't need to do too much - otherwise, you risk exploiting yourself).
5. I charge 1/3 of the project price before working on it. Other comments already wrote about it. Never lose your cashflow out of sight.
6. Last thing: Give people massive value. Don't focus on your daily rate while working, don't focus on unnecessary details. If you're at a customer, be fully in the moment. The negotiation phase is over - now join their mission and give them maximum value and the tools they need so they succeed. - If you're doing your job right, the client will think that you are a good deal (regardless of your high price). It's all about value.
paper: https://pubmed.ncbi.nlm.nih.gov/29857928/
short: We have a rigorously validated antigen-specific immune tolerance platform with bystander suppression, NIH/MS Society backing and a clear translational gap.