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Sounds like a market opportunity. What vertical market is this, more specifically?
by pmarreck 8y ago
Sounds like a market opportunity. What vertical market is this, more specifically?
- AlexCoventry 8y agoThe only homeless former software developer I ever met had once been a cobol specialist.
- vaylian 8y agoMarket opportunity? Sounds more like the best way to throw away your sanity. Some things are just beyond repair.
- pmarreck 8y agoSince when is a greenfield app on a new product addressing a market with only old entrenched players “throwing away your sanity?”
- vaylian 8y agoSorry, I did not realize you meant to create a new software from scratch. I thought you were talking about supporting/extending/refactoring this old pile of madness. Thanks for the clarification! I suppose you were referring to the statement "Customers in that space don't have many options". Your statement is reasonable and there might be market opportunities to create new software. But I somehow have the feeling that it would take a tremendous amount of time to recreate something that checks the same boxes as the old system. But I do not work in that sector so my judgement might be totally off.
- pmarreck 8y agoThing is, a competing product does not (at launch) have to match the entrenched one feature-for-feature. It just has to tick the MOST IMPORTANT boxes while being advantageous in other ways (such as being built on FAR newer tech, more reliable etc.)
- vmchale 8y agoBeing built on newer tech isn't an advantage from a customer POV. It's only an advantage when the newer tech is better, and tbh I have a hard time believing that you'd match the performance and security of a mainframe that easily.
- le-mark 8y agoBeing an order of magnitude cheaper would be compelling to these same companies though.
- le-mark 8y agoThe domain is mutual fund accounting. The system in question had grown organically over decades to encompass everything related to mutual funds; account record keeping, shareholder statements, broker dealer recording keeping, commission payments, cost accounting, you name it, they do it. I agree it is an oppurtunity, but the barrier to entry is very high. Reaching feature parity is a multi year project with a large team and domain experts.
- vmchale 8y agoIt's only a market opportunity if the software is bad from a customer POV. There's a lot of engineering that goes into/went into mainframes.