4 ms·

So who is the target audience? Finance pros can already read SEC filings. SEO is the only obvious source of traffic and money I can think of.

by rorrr 15y ago

michaeldhopkins 15y ago
Their pro package is cheap for an analyst data service.
- suking 15y ago
  Doesn't answer the question. Any hedge fund or large trading desk will have prop tools that are probably 100X better as they have unlimited $ to go after more data. Is the hobbyist going to be subscribing... doubtful. Cool idea, but small market imo.
  - michaeldhopkins 15y ago
    I should have been more clear that finance pros do not all already read SEC filings. Some pay for news services this could replace. Some read the filings manually and would pay a small amount of money to not bother with edgar. They won't get the unlimited-budget firms but they could get a branch manager to replace a $3k/year newsletter with this.
    - jessedhillon 15y ago
      Hey Michael, would you contact me please, I'd like to chat with you more about this idea. My email is in my profile. Thanks
      - michaeldhopkins 15y ago
        Sent.
    - BrentRitterbeck 15y ago
      Build out a system that organizes all of this financial information. Make it freely available. Build a pay service around it: top notch, cheap retail brokerage. What other services could you get investors to pay for if they had all the information necessary to make thier own investment decisions in an easy to use format?
Lambent_Cactus 15y ago
Lawyers? Retail investors? Even for finance pros who currently parse the raw filings, I can see how having an auto-generated human-readable summary that pulled out the key points would save enough time to be worth spending money on.
- rorrr 15y ago
  So here are the two versions: http://marketbrief.com/goog/10q/quarterly-report/2011/5/10/7853256/filing http://marketbrief.com/goog/10q/quarterly-report/2011/5/10/7... http://sec.gov/Archives/edgar/data/1288776/000119312511134428/d10q.htm http://sec.gov/Archives/edgar/data/1288776/00011931251113442... They look pretty identical to me. Plus sec.gov has the June 30th report that MarketBrief simply doesn't have. http://www.sec.gov/Archives/edgar/data/1288776/000119312511199078/d10q.htm http://www.sec.gov/Archives/edgar/data/1288776/0001193125111... Look: http://marketbrief.com/goog/financials http://marketbrief.com/goog/financials The last one is from May 10th. And this is Google we're talking about, a major player. Imagine what kind of things they may have missing for smaller companies.
patio11 15y ago
Make a team of finance analysts who all cost $200+ an hour 10% more efficient. Collect money hats. Seriously, this is like "Bug tracking? You've got high priced professionals, why can't they just use Excel or sticky notes?"
- dctoedt 15y ago
  I'm only a single data point, but I'd rather see data like this in a non-prose format, preferably in tables -- the way SEC documents are served up from EDGAR.

So who is the target audience? Finance pros can already read SEC filings. SEO is the only obvious source of traffic and money I can think of.

by rorrr 15y ago

So who is the target audience? Finance pros can already read SEC filings. SEO is the only obvious source of traffic and money I can think of.

michaeldhopkins 15y ago

Their pro package is cheap for an analyst data service.

suking 15y ago
Doesn't answer the question. Any hedge fund or large trading desk will have prop tools that are probably 100X better as they have unlimited $ to go after more data. Is the hobbyist going to be subscribing... doubtful. Cool idea, but small market imo.
- michaeldhopkins 15y ago
  I should have been more clear that finance pros do not all already read SEC filings. Some pay for news services this could replace. Some read the filings manually and would pay a small amount of money to not bother with edgar. They won't get the unlimited-budget firms but they could get a branch manager to replace a $3k/year newsletter with this.
  - jessedhillon 15y ago
    Hey Michael, would you contact me please, I'd like to chat with you more about this idea. My email is in my profile. Thanks
    - michaeldhopkins 15y ago
      Sent.
  - BrentRitterbeck 15y ago
    Build out a system that organizes all of this financial information. Make it freely available. Build a pay service around it: top notch, cheap retail brokerage. What other services could you get investors to pay for if they had all the information necessary to make thier own investment decisions in an easy to use format?

Lambent_Cactus 15y ago

Lawyers? Retail investors? Even for finance pros who currently parse the raw filings, I can see how having an auto-generated human-readable summary that pulled out the key points would save enough time to be worth spending money on.

rorrr 15y ago
So here are the two versions: http://marketbrief.com/goog/10q/quarterly-report/2011/5/10/7853256/filing http://marketbrief.com/goog/10q/quarterly-report/2011/5/10/7... http://sec.gov/Archives/edgar/data/1288776/000119312511134428/d10q.htm http://sec.gov/Archives/edgar/data/1288776/00011931251113442... They look pretty identical to me. Plus sec.gov has the June 30th report that MarketBrief simply doesn't have. http://www.sec.gov/Archives/edgar/data/1288776/000119312511199078/d10q.htm http://www.sec.gov/Archives/edgar/data/1288776/0001193125111... Look: http://marketbrief.com/goog/financials http://marketbrief.com/goog/financials The last one is from May 10th. And this is Google we're talking about, a major player. Imagine what kind of things they may have missing for smaller companies.

patio11 15y ago

Make a team of finance analysts who all cost $200+ an hour 10% more efficient. Collect money hats. Seriously, this is like "Bug tracking? You've got high priced professionals, why can't they just use Excel or sticky notes?"

dctoedt 15y ago
I'm only a single data point, but I'd rather see data like this in a non-prose format, preferably in tables -- the way SEC documents are served up from EDGAR.