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Finance 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 w
by otagekki 7y ago
Finance 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.