Validate your problems, startup ideas to create products which people want

Historical datasets are expensive, hard to find #finance #datascience

Mon, 13 Dec 2021 06:45:00 +0000

With all the WallStreetBets hype I've been developing/testing automated investment/trading strategies in crypto/stocks. I was struggling to get large amounts of data cheaply like total historical stock/crypto prices or historical news, eCommerce pricing and stock levels. To resolve this I had to rely on heavy scraping or work with a variety of vendors who specialise in different datasets which increases infrastructure cost, risks getting IP blocked, increases load on the target server and increases data sourcing cost. I spent more time managing scrapers, bots and data streams instead of working on the analysis, research and building my app

3 points posted by gigadata

Frictions in B2B Forex #money #finance

Sat, 03 Jul 2021 02:26:00 +0000

Frictions in consumer to business payments have largely been reduced due to innovative solutions by payment gateway and hosts but it remains in business to business transactions.

Account payable teams of large multinational corporations still rely upon legacy wire transfers for foreign exchange incurring huge transaction fees, delays in receiving the money and often have to visit the bank in person for Forex remittance(In today's remote first world!) . The problem is more pronounced when one of the parties is from a developing country and compliance hurdles adds up to this problem.

So I feel there's large need-gap in the solutions for B2B money transfer.

3 points posted by Abishek Muthian

Getting quaterly financials is a tedious process #finance #stocks

Tue, 31 May 2022 19:37:00 +0000

I ocasionally invest in the stock market from time to time, and it is very hard to find and read company financials in which they takes minutes to read and learn about how the company is performing. Doing the research takes a lot of time and can be time-wasting which could be used to make quicker decisiones. 1 points posted by rgm48

Building our own investment club #investment #finance

Thu, 08 Apr 2021 14:41:00 +0000

Online investment communities (e.g. Wall Street Bets) are too big, they often lead to noisy, low quality discussions. It’s extremely hard to find people we can trust and have thoughtful conversations around investments with.

If there's a platform which can match me with like-minded individuals into small, tight-knit investment clubs it can help address this problem. Matching criteria could be based on our risk appetite, investment theses, time commitment, etc. Potentially each community can vote on its own portfolio, trade alongside each other and compete with other investment clubs.

1 points posted by Maria