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Did you keep up with that project or move on to something else? It's humorous to me that most people who end up selling data to hedge funds more or less "fall"
by dsacco 9y ago
Did you keep up with that project or move on to something else?
It's humorous to me that most people who end up selling data to hedge funds more or less "fall" into that industry by accident. Your story is exactly how it typically happens: you develop a new data-enabled product for one market, then a bunch of hedge funds find it and realize it's useful. Most companies pivot from their original market once they realize how lucrative selling data can be.
- wgerard 9y agoWe moved on - my friend was in business school at the time, and thought that continuing on with the project would be detrimental to his job search (he was looking at joining a hedge fund). Yeah, it was a very sudden shift. We always knew they were potential customers, we just didn't realize how quickly they would take to the product (as opposed to legal firms which you can imagine are significantly more bureaucratic about such things).
- whatok 9y agoAnything I've ever wanted (within a certain cost) has always been signed off immediately/practically did not require approval. It's very easy to sell a relatively cheap (compared to some of the other subscriptions sold to hedge funds) service to an organization that's extremely flat.