SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209
30 Mar 2016
Chapter 1: What is the main topic discussed in this episode?
This is The Top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.
Chapter 2: What insights does Derek Capo share about his hedge fund experience?
You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have. I'm now at $20,000 per top.
Chapter 3: How did Derek achieve significant profits with JetBlue stock?
Five and six million.
Chapter 4: What role does luck play in hedge fund trading according to Derek?
He is hell-bent on global domination. We just broke our 100,000-unit soul mark. And I'm your host, Nathan Latka. Okay, Top Tribe, this week's winner of the 100 bucks that I give away every Monday is Kim Dust. She's in the entertainment industry and is currently working a full-time day job and doing her side hustle on the side. Kim, congrats.
Chapter 5: Why did Derek decide to move to China for business?
For you guys' chance to win 100 bucks every Monday, simply subscribe to the podcast on iTunes now and then text the word Nathan to 33444 to officially enter.
Chapter 6: What challenges did Derek face during the financial crisis in Miami?
Again, text the word Nathan to 33444 after you've subscribed. Coming up tomorrow morning, Top Tribe, you are going to hear how Brian Verne, a 28-year-old, raised 700K for an app that connects brands to high school athletes in a very interesting way. Okay, Top Tribe, good morning, good morning. I'm excited to be with you guys today, and you're going to enjoy our guest. His name is Derek Capo.
He was born and raised in Miami, worked at a hedge fund for a few years, then moved to China to study Chinese, where he started a new business in the fintech startup scene.
Chapter 7: How did Derek's travel company generate revenue over the years?
Derek, are you ready to take us to the top? Sure, let's get started. All right, let's do it.
Chapter 8: What future plans does Derek have for his fintech startup?
So first things first, tell me about the hedge fund work. What were you doing at the hedge fund? And then we'll get into the fintech startup scene in China.
Sure, sure. Actually, I worked at a hedge fund for about four years. I was a stock and bond analyst. Uh, so basically what I did was I would analyze companies, uh, having to do, you know, companies all over the world, Israel, Brazil, US, China. And I would basically analyze business presented to my boss.
And then we would buy, you know, millions upon millions of dollars worth of stock, or we would short the stock or, you know, we do whatever we could to make money. That was the motto.
Which trade that you made was your biggest windfall, your biggest win?
My biggest win was, I think, buying JetBlue. It was actually early in the time when they were still growing, and I think I made them within... I think in about a week or two, I made almost like three or four million dollars. That was one of the big trades. I'm trying to remember.
There was another one called Peregrine Software where my boss had had the position for a long time and I had been charged to start monitoring the company. I went over to meet the CEO in Atlanta and I came back and I said, no, we're not selling the position. We're going to keep it. And I think they made like nine or ten million dollars.
What year did you get into JetBlue? Do you remember? Yeah, it was actually 2004. 2004. So what was stock price? I wonder what stock price was back then. Oh, that was, you know, that was about 16 bucks, 15 bucks, right?
Yeah. And it was like, I think it went up to like 20 something. And then we just sold it. It was a few million dollars. And like within a couple of weeks, you know, oil back then was, I think 40, 34, 30 or $40 a barrel. And, you know, they had hedging on their contracts. And so they were able to protect their profits and, And so that's kind of like the story.
And they were still growing like 30, 40% a year. So it was a really good growth story. So, and then I think they went down to like two or three bucks after. Yeah.
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