any monkeys launched a fintech
for talking sake lets talk about the steps to launching a fintech.
have an idea that would solve a real problem for private market fund managers. experienced said problem first hand at the last 3 fund managers I worked at, and an IB.
reason its not been fixed in the wider market: you really need to be working in the market to experience the issue (Ops problem but affects investment decision making), private market: problems are not public knowledge.
reason for solution:
> would save PMs time / improve Strats
> prevents the need to
> growing market - increased problems recently.
> problem exacerbated by WFH.
> growing regulatory burden.
> would allow fund managers to scale their platform for other Strats.
my exp with fintech: worked closely with developers who built a solution for data in this market. I know them well. and they have been acquired twice in the past few years. in fact I have been giving the owner some shit recently because the level of their service has diminished, which I believe is due to the growing market. tbh I would look to be acquired by these guys.
just had an epiphany while typing this out. just thinking I should pitch this idea to the developers I work with, and get access to their client base as its going to be the exact people. leverage their existing developers. and could integrate with their existing technology.
should I learn to code.. whatever the heck that means... or should I hire some nerd to produce proof of concept before pitching?
edit: Shit - totally forgot to mention. An American firm did come in to pitch their product a few years ago. It wasnt specifically focused on this asset class, but it was a solution - the reason we couldn't take them on - they are backed/affiliated with one of the largest service providers in this market, who is a direct competitor, and the c-suite / compliance couldn't get comfortable with them seeing our data (obviously theyre would have been Chinese walls and whatever, but try telling compliance / regulators that).