Assertion certainty 4/5 debate potential 3/5

Craib: Numerai has more data scientists than any other hedge fund

Richard Craib · Fireside Chat: Richard Craib (Founder & CEO, Numerai) with Matt Turck (Partner, FirstMark) · Jan 31, 2022 · at 1:42

Richard Craib, Founder and CEO of Numerai, explains how Numerai's crowdsourced model structure enables it to scale its research base compared to traditional quantitative hedge funds.

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“And so we have the best modeling talent because we have much more More, many more data scientists working on Numeri than any other hedge fund in the world.”

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More from Richard Craib

Disclosure
Craib: Numerai's goal is to monopolize data and money, then decentralize it
“Numeri's mission is to kind of monopolize intelligence and monopolize data, and then monopolize money, and then decentralize the monopoly.”
Richard Craib Jan 31, 2022 ▶ 12:08 Fireside Chat: Richard Craib (Founder & CEO, Numerai) with Matt Turck (Partner, FirstMark)
Assertion Not checkable as stated
Numerai fell only 1.5% during the March 2020 market crash
“And you know, for example, in March, 2020, when the market fell 30% in about 20 days we were down one and a half percent.”
Richard Craib Jan 31, 2022 ▶ 3:28 Fireside Chat: Richard Craib (Founder & CEO, Numerai) with Matt Turck (Partner, FirstMark)
Assertion Supported
Craib: Numerai paid $10 million to data scientists in 2021
“We've even, I think even just last year we paid ten million dollars. So it's so much higher than the rewards are so much higher than the other data science competitions on online by orders of magnitude.”
Richard Craib Jan 31, 2022 ▶ 18:49 Fireside Chat: Richard Craib (Founder & CEO, Numerai) with Matt Turck (Partner, FirstMark)
Insight
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“What often happens with these quant funds is they have a good year, and then they have a bad year, and then they kind of die.”
Richard Craib Jan 31, 2022 ▶ 20:58 Fireside Chat: Richard Craib (Founder & CEO, Numerai) with Matt Turck (Partner, FirstMark)
Insight
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Richard Craib Jan 31, 2022 ▶ 23:28 Fireside Chat: Richard Craib (Founder & CEO, Numerai) with Matt Turck (Partner, FirstMark)
Assertion Not checkable as stated
Craib: Numerai hedge fund is closed to all but roughly seven investors
“At the end of this process, we have a hedge fund that is basically closed to everybody except for like seven investors in the world.”
Richard Craib Jan 31, 2022 ▶ 25:50 Fireside Chat: Richard Craib (Founder & CEO, Numerai) with Matt Turck (Partner, FirstMark)
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