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Instavest (YC W15) is hiring its first engineer

1 pointsby zallarakabout 10 years ago
Instavest is a team of 3 building a next-gen financial investing platform that powers over $100,000 of transaction volume a week (rapidly growing).<p>We are looking to make our first engineering hire to help make our platform more robust, add new asset classes and enhance our product. This is an heavy-equity weighted role.<p>Our mission is to empower the individual investor by 1&#x2F;helping individuals find the best investments and 2&#x2F;reward retail investors for sharing their winning investments.<p>Warren Buffett once said:<p>“If I was running $1 million today, or $10 million for that matter, I’d be fully invested. Anyone who says that size does not hurt investment performance is selling. The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But I was investing peanuts then. It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.”<p>Sourcing stock market investment ideas online is a risky and usually non-rewarding process because you can&#x27;t be sure the author backed the idea with their own money, and even if they did, you&#x27;re not sure when they bought and when they&#x27;ll sell.<p>Instavest solves this by putting real dollars behind ideas, and providing timing information on each investment. We incentivize investment leaders by paying them for their performance - we&#x27;re bringing carried interest to the retail investor.<p>OUR STACK:<p>Python&#x2F;PostgreSQL and Javascript. Django experience is a bonus, but not required. We do collaborative decision-making and code reviews, but each engineer is given a strong amount of ownership and flexibility.<p>TEAM:<p>Our founding team includes alumni from the US Dept. of the Treasury, Paypal, and Locu, all of whom have been early employees at companies with significant success&#x2F;exits.<p>APPLY:<p>Apply by sending your resume &#x2F; github &#x2F; any relevant information to jobs@goinstavest.com

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