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I would say finance. Excel has it’s uses, but managing a billion dollar portfolio isn’t one of them. It’s a hard space though, firms have such drastically diffe
by smabie 7y ago
I would say finance. Excel has it’s uses, but managing a billion dollar portfolio isn’t one of them. It’s a hard space though, firms have such drastically different needs that tt’s difficult to create an app that serves everyone.
- otagekki 7y agoFinance is a mature and highly regulated market with loads of expensive software and consultants to do all you need. ERPs and off-the-shelf financial software with in-house specific developments do the heavy lifting and spreadsheets macros do the rest.
- smabie 7y agoFor banks sure. But the PE, VC, and hedge fund space have almost no regulations and very little software to serve their needs. I worked at a startup that provided portfolio analytics software and it never was able to actually break into the market in a real way (our valuation was and still is stuck at 200m for 8 years). It’s a really hard problem but if someone can crack it, they potentially could be the next Bloomberg.