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Has Jan Sramek quit Goldman for entrepreneurship?

Remember Jan Sramek, wunderkind extraordinaire, deemed one of the world's top three traders under 30? He may have left Goldman Sachs to take up the life of an entrepreneur.

According an update on his Facebook page (yes, yes, all very tabloid) Sramek has handed in his notice at Goldman, where he's worked for nearly two years, latterly as an emerging markets FX trader:

"Today, I resigned from GS. Taking the gamble. Going to build my own company or fail trying. 98% excitement, 2% fear. Or the other way round? Can't tell."

Unfortunately, despite our attempts to contact him, Sramek didn't return requests for comment. Goldman also declined to comment. We understand, however, that he intends to set up his own trading shop. At this stage, we have no further details.

If true, it suggests that even within the elitist halls of Goldman Sachs, perhaps banking just wasn't challenging enough for Sramek.

This is, after all, the man with 10 As and three distinctions at A-level, who found attending lectures at LSE "too slowly paced", ran four start-up businesses at university and still found time to become an "Olympic hope" in handball and co-author the philosophic guide to business success 'Racing Towards Excellence'.

All this before the tender age of 24.

This could be because has plenty of time on his hands due to his reported five hours sleep a night, but it may be just that he finds entrepreneurship more fulfilling.

His previous start-ups include Nicube (now sold), CrewDates and AlphaParties and now this new venture. Sramek has previously named Peter Thiel as a role model, who he described as "lateral thinker, hedge fund manager, entrepreneur, venture capitalist, intellectual, philanthropist".

There is, of course, no shortage of people who have broken the shackles of full-time employment in banking to go it alone, and some of these have come from Goldman Sachs.

Take Teresa Clarke, former managing director at Goldman who now runs Africa.com, who said she works "as hard, if not harder than my Goldman days".

Then there's Antonio Garcia-Martinez, a former quant at Goldman who left to head tech start-up AdGrok. His less-than-glowing review of his time at the bank suggests he has no desire to return to finance.

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AUTHORPaul Clarke
  • Pr
    Private
    28 July 2011

    I am jealous and I am hope everyone in this world will have a great career and do great. I personally work in Investment Banking and I am 27 years old. I have a few niggling questions regarding Jan!!!

    First... people are saying he is quitting to open his hedge fun or whatever.... he has only been in the Goldman for two years and I must ad not as a real trader but as a analyst with no requirement to generate revenue...

    I am confused as to how a guy who does not have full experience go on to open his hedge fun... remembering that you need a minimum of 100-200m worth of investment to make this happen... the real succesful hedge funds are owned by ex trader's who have worked at Goldman, JP morgan, Lehman for 15-20 years where they have built up a client base!

    I think this guy is smart academically... I don't think he is going to open his own fund.. maybe he might be doing it under someone more senior and he has been asked to join them...Although I do think it is a little strange the guy has just left out of the blue and then looking for 20 engineers on facebook.. it's like.. surely if you were doing a company and had a plan.. you would have engineers working for you before q

  • Da
    Dave
    11 July 2011

    Has he acheived anything yet? All his companies look as if they've gone bankrupt within 2 years. A company that hosts parties for young people, and a recruitment site? Hardly unique ideas that will set the world on fire.

  • Bo
    Boy Plunger
    16 May 2011

    This guy may have the intellect, he certainly have the quant skills, but if he did not succeed at GS with those. Then striking out on his own means he might not do as well. My dad told me that you'd never achieve real success until you are 30. And you never really make REAL money until you go almost bankrupt once. So far, he was right on both accounts even from the grave.

    As a prop trader myself, based solely on what I read about him, I doubt he has the tenacity and perseverance to make it big as a trader. His CV has been littered with so many activities that makes me think he cannot stick with one for a long time. The markets, unlike any other vocation is always right and NEVER EVER wrong. He might make a great quant but not a good prop trader. You need to treat the market with respect and have a certain level of tenacity and ability to deal with setbacks, neither of which I think this boywonder has yet. Not saying he won't a few years down the line...

    I wish him the best of luck

  • Ex
    ExDeutsheTrader
    14 May 2011

    I will never say anything against Jan. I know him well and he is a really cool guy. We are pals since the time he left cambridge.

    His trading at GS did not work to well, but he is not very disappointed. I think he decided that he will devote himself fulltime to what he has always been best at - self-promotion. Instead of starting new hedge fund or start-up (what after his unfortunate adventure with Nicube is almost out of question) he will spend his time on interviews and lectures where he will give talks on "how ultra successful guy he is ".

    I hope he will write a book "becoming MD at GS in three years" (he was not promoted to MD as he left after just year and a half as an analyst).

    I am sure you all unkind and jealous skeptics will hear about his successes many more times in future!

  • g1
    g10 trader
    22 April 2011

    this is incredibly silly calling Jan one of the best traders under 30, while the guy was an analyst level at Goldman. it is a total promo, nothing more. Jan is a nice guy, decent student, philosopher, writer whatever, but that does not guarantee a good trading at all. I wish him luck

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