And if you can fold real options into a Leslie matrix, "Woot!"
https://en.wikipedia.org/wiki/Leslie_matrix
now you've got a dynamically loaded expectancy matrix. Now *there's* something to take to the VC council.....
Arbitrage opportunity
- Thread starter Aquarians
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And if you can fold real options into a Leslie matrix, "Woot!"
https://en.wikipedia.org/wiki/Leslie_matrix
now you've got a dynamically loaded expectancy matrix. Now *there's* something to take to the VC council.....
And if you can fold real options into a Leslie matrix, "Woot!"
https://en.wikipedia.org/wiki/Leslie_matrix
now you've got a dynamically loaded expectancy matrix. Now *there's* something to take to the VC council.....
Ay yay yay, that hurt my eyes!
Short update on my EU funds appliance: I started the "classes" required to teach you what you need to know in order to apply to funding (and perhaps grow a business as a side effect), boring economics stuff but has to be done. Anyways, eventually I deconspired to the class what my business idea consists of and now everyone's joking about it, including the otherwise rather humorless teacher
Like one colleague who wants to start a psychologist cabinet for people with depression due to grim economic perspectives ... guy next to me said "send them over to Aquarians, he'll cure them"
Anyways, part of the curricula is
a) An interview with an entrepreneur.
b) A market study.
For #a there is a form with questions like "what wuz yer first taught wen yew first started yer biznis"? Or "what do you consider is the competitive advantage of your business"? Remember, it's not my idea to ask stupid shit, it's EU's.
#b is my idea. Not required to apply but heck, I'll take the opportunity of having 40 business-savy colleagues to ask some questions of my own in order to form an idea on what I'm dealing with.
So now, my questions to you:
1) Any of you volunteering for #a, the proctological exam which completing Form B, Annex 04.02 involves? (I'll buy you a beer if that smoothes things out)
2) Let's say #b starts with this first fundamental question:
- Do you have at least $10,000 of savings? If not, please don't bother completing the rest of the questionnaire.
So would any of you be interested in participating in #b? Remember, #a is one guy only, #b has no theoretical limit
a) An interview with an entrepreneur.
b) A market study.
For #a there is a form with questions like "what wuz yer first taught wen yew first started yer biznis"? Or "what do you consider is the competitive advantage of your business"? Remember, it's not my idea to ask stupid shit, it's EU's.
#b is my idea. Not required to apply but heck, I'll take the opportunity of having 40 business-savy colleagues to ask some questions of my own in order to form an idea on what I'm dealing with.
So now, my questions to you:
1) Any of you volunteering for #a, the proctological exam which completing Form B, Annex 04.02 involves? (I'll buy you a beer if that smoothes things out
)2) Let's say #b starts with this first fundamental question:
- Do you have at least $10,000 of savings? If not, please don't bother completing the rest of the questionnaire.
So would any of you be interested in participating in #b? Remember, #a is one guy only, #b has no theoretical limit
Ay yay yay, that hurt my eyes!
Whatttt! That's to *help*, not to hinder!
Expectancy calcs *hate* anything that's not so cut&dried as "Long" or "Short" -- it's a bimodalism that gets quickly apoplectic when confronted by options (and to a lesser extent, futures) where you can go long, short, go to the other side and be long or short, or hell, why not split things up amongst 2-3-4-5 expiries, and spread the love? The top of the head pops off with a loud, flemmy "Pochchchchchchchchch!"
That is, until Mr. Leslie comes along. "Here now, Chilluns! Gather you 'round!" and tells the story of how B'ryr Rabbit made lots of little rabbits.....
Whatttt! That's to *help*, not to hinder!
Expectancy calcs *hate* anything that's not so cut&dried as "Long" or "Short" -- it's a bimodalism that gets quickly apoplectic when confronted by options (and to a lesser extent, futures) where you can go long, short, go to the other side and be long or short, or hell, why not split things up amongst 2-3-4-5 expiries, and spread the love? The top of the head pops off with a loud, flemmy "Pochchchchchchchchch!"
That is, until Mr. Leslie comes along. "Here now, Chilluns! Gather you 'round!" and tells the story of how B'ryr Rabbit made lots of little rabbits.....
>> Expectancy calcs *hate* anything that's not so cut&dried as "Long" or "Short"
I know. But as part of Europe since the last Mongol invasion almost wiped us out, we, the Eastern Romans who almost reached China before Christ was even born, well.
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Rénaissance: https://en.wikipedia.org/wiki/Italian_Renaissance. Don't miss it now as you did 1000 years ago, you might not get another chance to catch the last train departing Europe.
Whatttt! That's to *help*, not to hinder!
Expectancy calcs *hate* anything that's not so cut&dried as "Long" or "Short" -- it's a bimodalism that gets quickly apoplectic when confronted by options (and to a lesser extent, futures) where you can go long, short, go to the other side and be long or short, or hell, why not split things up amongst 2-3-4-5 expiries, and spread the love? The top of the head pops off with a loud, flemmy "Pochchchchchchchchch!"
That is, until Mr. Leslie comes along. "Here now, Chilluns! Gather you 'round!" and tells the story of how B'ryr Rabbit made lots of little rabbits.....
Allright, ignore last 3 posts, I was drunk.
But your post Tom, now I see what Desiderio means when he says "ignore anything tommcginnis says!"
Not that I agree with him, just on the first look unless you've got a PhD in a few things, it's hard to follow your thought. OK, thanks for the tips, I read them and will try to also understand something when I have some time I'm back to square one. Was thinking that EU money may not be that easy to access and it's exactly that. The funding is more of the VC / regular banks type than angel-incubation type. Like 99.9% the former
So if I do an angel-incubation type investment, once I agreed the idea has potential, I'm 100% aware and willing to risk losing my money. The upside needs to be very high of course, to make this sort of investments profitable. And they work like 9 investments out of 10 fail but the 10'th one makes a return 100x the investment. That's how I think business but it's obviously not what banks or the state (EU) do.
I could get a €10,000 "personal needs" loan incredibly easy from a bank at 8% interest, went one day with the ID card, signed the application including the permission for them to access my GDPR (check my record at the local equivalent of IRS) and next day I got the money. But there's practically no risk for them, I have to pay those money back with an interest (and my track record says not only that I can but that I could borrow even more only I don't want to).
The EU funds for startups are nothing like angel investments, they're shark loans just like banks do, only camouflaged in a lot of paperwork and bureaucracy. Luckily I also have a degree in accounting (although never really practiced and definitely didn't push for a CPA) but I know enough to read and plan balance sheets and reading theirs it became apparent they're offering me this "deal": we hand you €100 FREE MONEY! You can play the business lottery with them FOR FREE!! and if you win, you won't be bothered by us owning 40% of your business (the taxation level in Romania and probably EU average). But before we hand you the money you have to sign this paper which says if you don't win, you'll give us our money back. Guarranteeing with your income, property, whatever you got (like that €10,000 credit I got from a regular bank).
What pissed me off almost to the point of becoming enraged was the fuckers only clarified this essential information in the last two days of a three weeks course. "Enterpreneurial classes" they're called and that's another way to syphonate some EU money: 30% of the funds EU allocates for these sort of projects go just to "enterpreneurial classes". So out of an initial €100 allocated by the EU, I wouldn't have accessed but €70 anyways. Out of which 40% goes back to the Romanian state (not sure how much to EU) in taxes. Which means I get to use only about €40 out the original €100. And I have to pay those €70 anyways (the nerve!, not the net amount but the brute one) if I fail to build a viable business with those measly peanuts. They're effectively offering about €20,000 net, which I already have or can get from a regular bank, no questions asked as long as I repay my debt (you'll have to get a signed With the Romanian state (and very probably EU fuckers, likely it's not their idea since they never have ideas, are just bureaucrats), I'm also getting the imbeciles on my ass, aggressively trying to control what's none of their business: my accounting book records. Told ya, I know not only the technical side of the business I'm trying to make (12 years of experience in finance, 20 years overall, on top of graduating at the top of what's Romania's MIT university), but also basic accounting. And my initial encounter with the representatives of the state told me they don't know the latter and don't care about the former. Yet if I take this skark loan, they'll be deciding the stakes in my business so hell no, I ain't doing business with them.
So if I do an angel-incubation type investment, once I agreed the idea has potential, I'm 100% aware and willing to risk losing my money. The upside needs to be very high of course, to make this sort of investments profitable. And they work like 9 investments out of 10 fail but the 10'th one makes a return 100x the investment. That's how I think business but it's obviously not what banks or the state (EU) do.
I could get a €10,000 "personal needs" loan incredibly easy from a bank at 8% interest, went one day with the ID card, signed the application including the permission for them to access my GDPR (check my record at the local equivalent of IRS) and next day I got the money. But there's practically no risk for them, I have to pay those money back with an interest (and my track record says not only that I can but that I could borrow even more only I don't want to).
The EU funds for startups are nothing like angel investments, they're shark loans just like banks do, only camouflaged in a lot of paperwork and bureaucracy. Luckily I also have a degree in accounting (although never really practiced and definitely didn't push for a CPA) but I know enough to read and plan balance sheets and reading theirs it became apparent they're offering me this "deal": we hand you €100 FREE MONEY! You can play the business lottery with them FOR FREE!! and if you win, you won't be bothered by us owning 40% of your business (the taxation level in Romania and probably EU average). But before we hand you the money you have to sign this paper which says if you don't win, you'll give us our money back. Guarranteeing with your income, property, whatever you got (like that €10,000 credit I got from a regular bank).
What pissed me off almost to the point of becoming enraged was the fuckers only clarified this essential information in the last two days of a three weeks course. "Enterpreneurial classes" they're called and that's another way to syphonate some EU money: 30% of the funds EU allocates for these sort of projects go just to "enterpreneurial classes". So out of an initial €100 allocated by the EU, I wouldn't have accessed but €70 anyways. Out of which 40% goes back to the Romanian state (not sure how much to EU) in taxes. Which means I get to use only about €40 out the original €100. And I have to pay those €70 anyways (the nerve!, not the net amount but the brute one) if I fail to build a viable business with those measly peanuts. They're effectively offering about €20,000 net, which I already have or can get from a regular bank, no questions asked as long as I repay my debt (you'll have to get a signed With the Romanian state (and very probably EU fuckers, likely it's not their idea since they never have ideas, are just bureaucrats), I'm also getting the imbeciles on my ass, aggressively trying to control what's none of their business: my accounting book records. Told ya, I know not only the technical side of the business I'm trying to make (12 years of experience in finance, 20 years overall, on top of graduating at the top of what's Romania's MIT university), but also basic accounting. And my initial encounter with the representatives of the state told me they don't know the latter and don't care about the former. Yet if I take this skark loan, they'll be deciding the stakes in my business so hell no, I ain't doing business with them.
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