Interview with Abhishek Bajaj: Trader and Investor | Co-Founder at AlphaBots & AB Nexus!
Abhishek is the co-founder of two firms, one is AlphaBots, a quantitative investment and analytics firm. Another one is AB Nexus, with this firm he propelling cryptocurrencies & blockchain technology forward. Abhishek is also An early investor in Bitcoin and Ethereum. Today we got a chance to interview him, lets know more about his life journey:
We hope this can inspire you to become a successful person too! It is worth listening to successful entrepreneur or to people who share their success stories? We can significantly learn many things from the experiences of them, by listening to their story.
Excerpts from our exclusive interview with him:
Q1) Tell us a little bit about your start-up and your journey, please;
My partner Parth and I had met in 2014 when we were working with another firm. After which I moved on to working on my Blockchain Investment firm and he started out on his own as well. Then we met again in 2018, and that’s when Parth mentioned about the algorithms that he had developed for the Indian markets, and over conversations we decided to start a company together hoping things would fall into place, and it did!!
I would also like to give a special mention to Mr. Bhaskar who manages all our day to day operations of the company and has been with us since inception. We are very grateful for having a strong core team. The entire concept of our start up was to create an eco system in which we give investors an opportunity to make returns consistently with controlled risks, irrespective of market’s directions.
The journey since inception has been wonderful, we have had our ups and downs and learning experiences. Having started out from scratch, we have definitely enjoyed the process of setting up the company and growing, from one screen to many screens now..!
Q2) How did the idea for your business/startup come about?
Parth and I are definitely like-minded when it comes to our views and visions with respect to the markets and our goals. The Idea to start the firm came up in a very spontaneous manner, when we had a meeting regarding blockchain projects and trend following algorithms. But over our conversations we realized we could actually work on something together using both our expertise, to provide a product that is different from traditional products in the market.
Q3) What was your key driving force to become an entrepreneur?
I belong to a business family and therefore worked at my family office for a while but I realized that my drive was not in that field. I was very interested in the financial markets. I always wanted to start out on my own and achieve my dreams. I was very inquisitive to know how the markets work. My passion has always been trading and developing strategies around it.
It takes a great deal of courage to move out of a well established family business and start out on your own , especially in the markets where everything is so uncertain. I have had my share of downs as well, but my passion always overtook everything else. My Family has been very supporting throughout, and I’m am so thankful for that.
Q4) How did you come up with the name for your business/startup?
Deciding on a name for our company, was a very crucial and important one for us, we both wanted it to be a name that was impactful, in the sense that it had to have a strong meaning to it. We initially wanted to name it ALPHABET, but then realized that this was the parent company to one of the worlds most well-established firms there is today, “ GOOGLE”.
Eventually we came up with ALPHABOTS. Where ALPHA in the financial world means, to generate gains that are higher than that of the index market’s returns, and BOTS refers to programs that interact with systems. This couldn’t be more perfect for us, as our company works on the basis of algorithms and no human emotion.
Q5) What service(s) or product(s) do you offer/manufacture?
We manage investments by providing algo trading products and solutions to clients. These algo strategies are designed specifically to meet the clients desired risk appetite and provide low co-relation to the stock market returns. Most of the products are absolute-return in nature and produce a quarterly/yearly return.
Q6) How do you market your business, and which tactics have been most successful?
Until now, we have not really concentrated too much on marketing our products. We have grown so far only on the basis of word of mouth and performances. We do wish to market our products in the future. But we believe that only with a strong base of good performance and client relationships that any product will do well.
So ideally, we wish to keep on improving our performance and maintain our stability as a firm, and that will ultimately be the best type of marketing
Q7) What risks are you facing?
We are in the business of risk-taking, and certainly we face them at each level. Apart from financial markets risk(which is huge) we are constantly facing challenges with technology, operations and infrastructure. At every step we try to make sure that these risks are well under control and managed in an efficient way.
Q8) Have you considered any alliance/partnership/funding?
We constantly find good partners who can help us with managing the above mentioned risks, we work with various technology vendors, risk modellers and brokers to achieve our long term goals.
When it comes to funding, we have crossed the initial hurdles without external funding, I feel in the future also we would focus on building in-house revenue generation strategies, rather than go for funding.
Q9) What are your responsibilities as the business owner?
Being the owner of a business comes with a great deal of responsibility and hard work. I think it is very necessary at all times to make sure that all our investors are happy, and we make sure to have personalized interactions with all of them from time to time to keep them in the loop and also to keep the business functioning in a transparent manner.
At the same time taking good care of our employees is paramount. We make sure to motivate and educate them from time to time so that they are at their best potential as they perform everyday.
Q10) How many hours a day do you work on average? can you describe your typical day?
My day starts at 8am, it gives me some time to prepare for what’s ahead. So by the time the market opens we have had a check on the operations and executions part of the business. My mind is constantly working and looking for new openings and avenues to expand and I am also researching on new strategies that could help in the betterment of our company.
I also run a blockchain firm with my brother Akshay, and this asset class works 24/7, therefore monitoring it definitely keeps me very occupied. Making time for a fair bit of exercise or playing a sport is very essential for me. It helps in maintaining a good mental and physical balance.
I also love spending time with my family, my parents, wife and daughter. I devote a good amount of quality time to my 3 year old, and the happiness I get from it is unparalleled.
Q11) What is your greatest fear, and how do you manage fear?
“Uncertainty” is my biggest fear. Nobody knows what can happen tomorrow, whether in life or in the markets!!
Taking each day as it comes and facing every fear or challenge head-on is essential to maintain your sanity and not get lost in the fear of what is not known.
Being associated to the markets has made me stronger, as there is uncertainty everyday. With respect to the markets, our robust risk management systems that are in place, make sure we stay in the game in the long run. My belief is that when the risk is controlled the growth can be exponential.
Q12) What comes first for you money or emotions?
I do believe that money is a major necessity. Money and emotions do go hand-in-hand, but to me, emotions have an edge over money ,as without the emotional aspect to anything the value of that thing is nil.
Q13) How has being an entrepreneur affected your family life?
My family has always been with me through every step of my journey. Through all my ups and downs they have given me utmost support, courage and motivation to grow, they are the most integral part of my life. When I started out, I was not disciplined enough, and was rash with my decisions, and as a result had a lot of unwanted stress to deal with, where my family has stepped in to support me.
But now overtime I have learnt that discipline and risk management are a golden mantra and I implement this in my life and work. This has definitely brought in a lot of stability and calmness in my life. All that my family wants is my happiness and they are more than thrilled that I have started slowly achieving my dreams.
Q14) What piece of advice would you give to college graduates who want to become entrepreneurs??
Never give up!! Persistence is the key to success, sometimes luck also plays a role but if you are persistent you will surely achieve your goals. Your faith has to always be bigger than your fears. Great things take time!
Also compassion and good deeds should always be a part of your journey as karma is very real!!
Follow him @
AlphaBots Company Website | https://alphabots.in |
AlphaBots LinkedIn Handle | https://www.linkedin.com/company/alphabots-analytics/ |
AB Nexus LinkediIn Handle | https://www.linkedin.com/company/ab-nexus/ |
Abhishek Bajaj LinkedIn Handle | https://www.linkedin.com/in/abhishek-bajaj-91579a108/ |
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