I’m in AFK for now, agree that its probably better than nothing.
Your podcast link was helpful, especially the ballpark numbers confirming roughly what I expected. The white label providers make it much easier from a legal/paperwork perspective, but it would take about: ~50k+ in startup expenses (probably higher to deal with multiple small foreign stock exchanges) ~$2.5mil in assets invested to get the ETF launched ~$20mil in assets under management to get to profitability
Overall that link together with the other reading I’ve done on white label providers the last few days have updated my idea of who could best pull this off. Background in finance and/or Africa no longer seems necessary (though would still be good). Instead fundraising skill/networks seems like the key. Still not my strength but relatively common in EA- everyone please feel free to steal the idea and run with it.
I’m in AFK for now, agree that its probably better than nothing.
Your podcast link was helpful, especially the ballpark numbers confirming roughly what I expected. The white label providers make it much easier from a legal/paperwork perspective, but it would take about:
~50k+ in startup expenses (probably higher to deal with multiple small foreign stock exchanges)
~$2.5mil in assets invested to get the ETF launched
~$20mil in assets under management to get to profitability
Overall that link together with the other reading I’ve done on white label providers the last few days have updated my idea of who could best pull this off. Background in finance and/or Africa no longer seems necessary (though would still be good). Instead fundraising skill/networks seems like the key. Still not my strength but relatively common in EA- everyone please feel free to steal the idea and run with it.