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Here are the industries I considered to be "finance":

- Hedge funds and other money management

- Private equity

- Investment banking

- Leveraged buyouts

- Proprietary trading

- Traditional (retail) banking and credit cards

I did not consider heirs with investments to have gotten their money in finance, unless they increased their original sum ten-fold or more (in real dollars). I also did not consider real estate investment/speculation to be finance.



Sounds reasonable. But when you have time it would be useful to see the actual lists of the people you put in each category.


Since the ecosystem of non-bootstrapped startups combine founders and financiers, where do you draw the line? VC firms seem squarely in the financier camp, and founders who do not contribute capital are not, but angels and incubators are more difficult. An honest classification attempt would attribute some of their equity to capital and some to work contribution, but even when there is currently a stable valuation available to calculate the capital contribution to an equity grant, the numbers are often uncertain guesses.


apsec112: I see your reply, but it is [dead]

I actually counted VCs as having made their money from technology rather than finance

You know my next question then: what is the financier/founder ratio if you consider VCs to be financiers?


Real estate probably should be considered finance, making money in real estate is all about having access to the proper financing.




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