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by Knighty
5058 days ago
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The author, rightly, makes the point that finance, like most things, is primarily about trust. But that's about the most interesting thing in the article. Capital introductions are hard, and everyone wants to cosy up to someone looking for a 'home' for their excess millions. It's an environment where a couple of dudes/dudettes with laptops and an idea might have a potentially successful hedge-fund idea but lack the credibility and track record to make the risk worthwhile for a potential investor. The investor could lose a lot of money very quickly if your idea is wrong. The chances are, that if your idea is 'right' they'll listen to you explain it (because you really will need to explain it in depth) and then go and find someone who they do trust to implement it for them. My point is that, it would be very hard for me to gain sufficient trust from prospective investors to raise $200m because I don't have any contacts or access to the necessary capital. However, the daughter of a financial advisor for high-net worth individuals is playing a very different game to me. She very well might easily be able to do, what I easily can not. So, for me at least, there's nothing of interest in this article. I'm pleased for Elle to be in such a great position and wish her well. |
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