SaaS Interviews with CEOs, Startups, Founders
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp
28 Jan 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 did Nick Sonnenberg do before founding CalvinApp?
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 talk. Five and six million. He is hell-bent on global domination.
Chapter 3: Why did Nick leave a seven-figure salary to start a new venture?
We just broke our 100,000-unit soul mark.
Chapter 4: How is CalvinApp funded and what are its financial goals?
And I'm your host, Nathan Latka.
Chapter 5: What problems does CalvinApp aim to solve for users?
Okay, Top Tribe, this week's winner of the 100 bucks is Rhett Gillins. He's in the restaurant industry and he feels stuck.
Chapter 6: How does CalvinApp plan to monetize in the future?
He wants to start his own software business.
Chapter 7: What strategies helped CalvinApp achieve its initial downloads?
So congratulations, Rhett, for your guys' chance to win 100 bucks every Monday morning.
Chapter 8: Who is Calvin and why is the app named after him?
Simply subscribe to the podcast on iTunes now in order to enter and then text the word Nathan to 33444 to prove that you subscribed. Top Tribe, stay tuned tomorrow morning. You're going to hear from Mark Gagner, and he's going to walk through how to use friends' money at an 8% annual interest rate to profit $500K all for yourself. Okay, Top Tribe, good morning. I've got a good friend on today.
We met recently, but we've got a lot of mutual connections. His name is Nick Saldana. We'll be right back. He was the recipient of the Gifford Fong Prize in financial engineering, as well as the youngest person to graduate from UC Berkeley with a master's degree in financial engineering. Nick, are you ready to take us to the top? I'm ready. All right, let's do this, man.
So first things first, what was what were you doing on Wall Street, the high frequency trading stuff?
Right. So for eight years, basically, I was trading stocks, but purely mathematically based. So I would create some models and code it up and have the computers trade stocks for me at very high frequencies. Basically, I was trying to capture fractions of a penny at microsecond speeds.
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
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.
Yeah. Which, which time definitely is money in that case when you're operating in that efficient banner. Yeah. Yeah. Very interesting. How much, I don't know if you even know this answer, but I'm curious if you do, I'll be, I'll be excited. How much money, do you have any idea how much money you processed in terms of transaction deals or deal a total money system?
I don't know. I mean, I was trading billions of dollars a day. 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.
Interesting. So that would be cool. Do you think it was more than a trillion? Had to have been.
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