We’re back today with the conclusion of this series on how to start your own hedge fund.
When you’re presenting a stock pitch in interviews, one common mistake is failing to address the downside risks and how you might hedge yourself.
And the same is true when starting your own fund or your own company: everyone likes to watch The Social Network and pretend they’ll be the next Mark Zuckerberg, but 90% of start-ups fail within the first 5 years.
With hedge funds, that failure rate is 80% in the first year alone.
So here’s what happens when your own fund doesn’t quite work out – from what you do next to the toll it takes on your body, family, and bank account.
This is my favorite part of the entire series because it addresses the human side of a profession that most people mistakenly believe is completely driven by numbers:
Fund Mergers & Acquisitions: The Right Way to Exit?