Keep pulling the thread on Jeff Chang.
The structured note industry contracted from $120 billion to $30 billion in size following the 2008 financial crisis.
Since 2012, 20% of all "super unicorns" (startups with very high valuations) have been funded by Y Combinator.
Vest currently has only two primary investors: Cboe Global Markets (Chicago Board Options Exchange) and First Trust.
Vest manages over $50 billion in assets under management, primarily in ETFs.
A regulatory change in October 2019 allowed for in-kind creation and redemption with options, which was a key enabler for the launch of buffer ETFs.
The derivative income category of funds, as ranked by Morningstar, saw its ranking by fund flows increase from 58th in 2018 to 9th in the most recent year.
To enable the creation of ETFs like IGLD, Vest's partnership with Cboe resulted in the extension of trading hours for GLD options by 15 minutes, to 4:15 PM.
Vest's DFII ETF, which tracks Bitcoin, aims for an 18-19% yield by implementing a covered call strategy.
Approximately 80% to 90% of the startups in recent Y Combinator batches are focused on artificial intelligence.
The average month-over-month revenue growth for the current batch of Y Combinator startups is in the double-digit percentage range.
Bill Chang, who was previously the chief architect of Tesla's Dojo AI supercomputer, has founded a new company called Density AI to develop a more efficient AI system to compete with NVIDIA.
The co-founders of Vest, Jeff Chang and Karan Suud, did not take a salary for over four years after founding the company, instead living off their previous Wall Street bonuses.