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Nick Sonnenberg

๐Ÿ‘ค Speaker
115 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

Right.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

So for eight years, basically, I was trading stocks, but purely mathematically based.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

So I would create some models and code it up and have the computers trade stocks for me at very high frequencies.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

Basically, I was trying to capture fractions of a penny at microsecond speeds.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

and you know i would i knew nothing about the companies that i was trading it was purely math based so these are the black these are the when you read the kind of the black pools and the people running their own like spending billions to run their own wire to the exchanges to cut like a fraction of a nanosecond off of a trade this is the kind of stuff that you were thinking about that's the stuff i was doing yeah it wasn't uh you know we we got we got a kind of a bad rap in the in the press but yeah we were like

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

you know, investing tons of millions and millions and like microwave technology to submit packets to, to ship from New York to Chicago to save literally microseconds.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

I don't know.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

I mean, I was trading billions of dollars a day.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

I mean, given the country I was trading in, I mean, on a given day, I could be 5% of a market on a given day.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

Yeah, it had to have been more than a trillion.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

I mean, I traded for eight years.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

And I mean, especially in the US, which is a very liquid market, I mean, some days I would trade...

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

you know, five to $10 billion worth of, of stock.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

There's a lot of similarity, you know, like with high frequency trading, a lot of it was, you know, building scripts to automate things for yourself.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

So I was already doing it for business, you know, in finance, like automating things.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

And I got in touch with Ari like three or four years back.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

And it just opened up my eyes to this whole other world that you can kind of take similar concepts, but apply it to personal life.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

And I just really got fascinated with it.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

Um, I won't share exact numbers, but I gave up, I gave up a lot.

SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

I mean, I gave up, I was making seven figures when I was 25, 26.

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