It is interesting that you believe that E(compensation in a start up) > E(compensation running a HFT strategy). The popular media is awash with reports of billions of dollars being made by HFT traders. Are they completely off?
What about HFTs that are running market taking strategies?
Well, that is what ends up in the news: guys making billions. What articles are you referring to?
There are also plenty of people making not so much money in HFT and plenty of people losing money. This is a competitive market and it has become more so.
E(compensation in a start up) > E(compensation running a HFT strategy)
I also would like to hear more about this calculation. More the right side than the left, since I know far less about the right side than the left. But I imagine this might be getting into the author's personal details quite a bit.
What about HFTs that are running market taking strategies?