Last week, I had the opportunity to sit down with Matt Peterson, DropShot Capital Management’s first outside hire. Matt was kind enough to tell me a bit about himself and his experience so far at DropShot.
Matt majored in economics at Villanova University, with minors in Chinese and communications. Upon graduating college, he worked for a private equity company. Shortly after, he moved to New York and began working as a financial representative. Matt wanted a new perspective on the business world, so he joined a commercial real estate group, where he worked as an investments coordinator and analyst. Focusing on investor targeting and stock performance led him to finding an opportunity at DropShot.
K: What’s your role at DropShot Capital?
M: I’m a sales representative. I reach out to investors, look for potential investors, deal with investor presentation and maintain good relationships with investors.
K: Compared to your past roles, what’s different about working with DropShot?
M: It’s definitely a healthy work environment, and it’s very collaborative. I get to interact frequently with Chris and Uppili and pick their brains, which has opened my eyes to a lot. DropShot is a unique opportunity to say the least, and I’m excited to be part of it. It’s not your typical hedge fund. It’s impressive to see how artificial intelligence is being implemented into investing and risk mitigation – and impressive to see DropShot’s success so far. And with a small group of coworkers, you have to put your best foot forward, which keeps me on my toes.
K: What originally piqued your interest about DropShot?
M: Definitely their unique approach to investing. I feel that AI is the future, whether people want to admit it or not. Look at how ChatGPT is already being implemented into society. I wanted to be on the forefront of this movement, and there’s only one DropShot Capital. Unlike other hedge funds using AI, DropShot is a diversified hedge fund, and excels at risk mitigation. Others may only focus on one asset class.
K: What does your work day look like? Or would you say it’s a little different everyday?
M: It is a little different everyday, but for the most part, I’m reaching out to investors and internalizing their feedback. I get to learn how we can improve as a company and how we can improve our investor presentation. Most importantly, I’m trying to pique their interest in DropShot.
K: How do you feel about DropShot’s new rebrand?
M: I like it, and so do the investors I’ve talked to most recently – which is what really matters. It’s a clean design, and the presentation is impactful.
K: What do you see in the future for DropShot Capital?
M: I see DropShot growing into a bigger fund than it currently is. I see it growing exponentially in the next few years, with $100 million dollars in assets at least. I believe we’ll have more pension funds on board, and be able to help investors grow their money while limiting risk. It’s also feasible to say we’ll change the opinion of the general public on AI and how it can help with investing money. DropShot is such a unique company that it will inspire more AI-driven hedge funds in the future, and we’ll be at the forefront of it.
