There's no doubt that being an entrepreneur is a risky proposition. People are often scared to take the leap and start their own business because they know there's a good chance they may not succeed.
In today’s episode, Tommy talks with Burak Yenigün, Founder of Stylus Capital, a systematic asset management firm that focuses on crypto assets.
Burak believes that the world has a founder shortage, a scarcity of entrepreneurs who are able and willing to execute, due to the risky nature of entrepreneurship.
Burak talks with Tommy about what led him to explore the systematic trading framework of asset management, why he decided to end his value investing operation in favor of crypto, and how to de-risk entrepreneurship.
Key Takeaways
[01:57] - How Burak made the transition from electronics engineering to asset management.
[02:36] - What Stylus Capital was up to before crypto.
[03:36] - Value investing: what it is and how it works.
[04:50] - What led Burak to explore the systematic trading framework of asset management.
[07:39] - Why Burak decided to shut down his value investing operation in favor of crypto.
[12:38] - Why there’s a scarcity of entrepreneurs around the world.
[19:48] - How to de-risk entrepreneurship.
[29:05] - How the concept of de-risking entrepreneurship can be put into practice.
[32:50] - Why crypto is interesting.
[38:03] - The best and the worst part of moving from one country to another.
Quotes
[14:43] - "If we double or triple the number of founders that we backed today, that's still probably not enough to match the demand."- Burak Yenigün
[20:24] - "So in a sentence, the solution (de-risking entrepreneurship) would be to reduce the gap, the difference between the mean outcome and the median outcome for the entrepreneurs." - Burak Yenigün
[33:21] - "I think it (crypto) has tremendous potential. But the feature of crypto that truly caught my eye was how totally unanchored it was as an asset. Typically, when you have an asset, you have something that acts as a center of gravity around price so it will pull the price towards some sort of equilibrium." - Burak Yenigün
[35:58] - "Trend following is a style that has been around for a very long time. It is known to work across asset classes. So that's the opportunity that we saw when we first looked at crypto." - Burak Yenigün
Links
Burak Yenigün on LinkedIn
Burak Yenigün on Twitter
Burak Yenigün Email
Stylus Capital
JP Morgan
SpaceX
General Motors
The Wharton School
Burak Yenigün Blog Post: Fixing Founder Scarcity
Connect with our hosts
Mammoth
Tommy on LinkedIn
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