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Robert Corwin

๐Ÿ‘ค Speaker
219 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

And it was also easier 15 years ago.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

Anyone with a Bloomberg terminal could start a hedge fund 15 years ago.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

But it's a competitive place.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

It's a brutally competitive place.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

And markets are tougher.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

They're also no longer going straight up right now.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

So yeah, I say go for it.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

I mean that you need that much to pay your own bills.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

So that's not your money.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

That's a client's money.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

They're giving you $500 million to manage.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

From that, you will take a negotiated fee, right?

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

I won't disclose that, but it was typical hedge fund fees, you know, typical hedge fund.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

Yeah.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

I mean, if you think about it, you can do the math.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

A percent of a hundred million is a million bucks.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

And so, but you're paying for a lot of databases and computers and employees are expensive in that industry.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

So yeah, you need a substantial amount of AUM, asset center management.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

Yeah, so Austin AI is a data science AI and ML services firm, and we have a real focus on practicality and getting real business results for our customers.

SaaS Interviews with CEOs, Startups, Founders
He shut down his $50m quant fund to launch AI agency. I bet big SaaS is next.

So as you know, there's no plethora of AI frameworks and products that purport to do X or Y, and I have nothing against those things, but