(Bloomberg) Larry Richards, a trained jazz pianist and former phone-company executive, is an unlikely entrepreneur in the esoteric world of stock options.Just three years after taking an online course on equity derivatives, Richards set up his own company in 2013 to develop trading software for individual investors and small funds. At the end of 2016, the 53-year-old sold the firm to Wall Street hedge fund Gammon Capital, becoming that company’s chief technology officer.
“They say one in 10 startups succeeds,” Richards, who co-founded Iota Technologies Pte with two others, said by phone from his home in Fukushima, Japan, near the site of the 2011 nuclear disaster. “To be among the 10 percent is such a relief.”
