Robert Corwin
๐ค SpeakerAppearances Over Time
Podcast Appearances
And it was also easier 15 years ago.
Anyone with a Bloomberg terminal could start a hedge fund 15 years ago.
But it's a competitive place.
It's a brutally competitive place.
And markets are tougher.
They're also no longer going straight up right now.
So yeah, I say go for it.
I mean that you need that much to pay your own bills.
So that's not your money.
That's a client's money.
They're giving you $500 million to manage.
From that, you will take a negotiated fee, right?
I won't disclose that, but it was typical hedge fund fees, you know, typical hedge fund.
Yeah.
I mean, if you think about it, you can do the math.
A percent of a hundred million is a million bucks.
And so, but you're paying for a lot of databases and computers and employees are expensive in that industry.
So yeah, you need a substantial amount of AUM, asset center management.
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.
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