We’re a startup enabling AI agents speaking to the market. Removing the need for complicated trading UIs.
Readit Newslogotype commented on AI Agent Trading Library | FIXParser fixparser.dev/... · Posted by u/logotype
you’re playing a very competitive game, i recommend working with a coach, many on linkedin with accelerator experience it will cost you about $5-10k and you’ll get accurate feedback about where you stand. i spend more than that on advisors each year. raised a mil need more
Thank you, I haven’t thought of this. Will look into it!
I'm just listing some points that a VC might be interested in, but you haven't clarified, at least in this post. Usually, they need information of the following also:
- Is the market big enough to allow multiple players at a large scale? There are many viable and profitable ideas, but having a ceiling due to limited market demand is a negative.
- Apart from your technical expertise, do you have go-to-market capability to be able to capture the above market?
- Do the promoters have a vision for exit? Running a profitable long-term business is not usually the right venture for a VC. They need to see a possibility of either acquisition or market listing or further investment rounds at a higher valuation.
- Are you offering enough company shares in order for the investors to have some say in the company? A profitable investment without significant control might not be enticing for some investors.
- You have mentioned collaborating with another stealth start-up. You shouldn't appear as dependent on another company. Even having a large client as a significant fraction of your revenue can be considered as negative.
With all that said, it is a competitive market influenced also by macroeconomic conditions and fund cycles for the investors.
If you are already profitable, have confidence, and some personal financial stability, debt funding might be a good option for you.
Thank you, this is very helpful! Will keep this points in mind. Regarding exit, yes that is certainly one outcome. But it’s not something that we have mentioned in any of the pitch materials. Regarding shares I’ve followed the YC standard.
logotype commented on Ask HN: My software has moved trillions of dollars. AMA · Posted by u/logotype
Very real-time, as in Unix with real-time kernel extensions. Direct dedicated line to the exchange floor, processing trading info to recalculate portfolio positions and extrapolate potential future movements. Traders used this info on one screen and then input their trades on their dedicated terminals.
Very cool! Is there any metrics you could share at a high level? e.g. what latency (sw/hw)? throughput? what type of protocols/connections was used? what level of concurrency/parallelism? anything else? Cheers
logotype commented on Ask HN: My software has moved trillions of dollars. AMA · Posted by u/logotype
I have written a lot of C code running on Unix supercomputers for fund managers.
Based on my perhaps limited experience, I would have never thought that any VM based language would be accepted for production use. Could you explain how and where your software is being used in the banking world.
Would love to hear more, what was the C code used for, specifically? What information did it process and how? In real-time or batched?
logotype commented on Ask HN: My software has moved trillions of dollars. AMA · Posted by u/logotype
I'd like to understand how an open-source developer could acquire sufficient domain knowledge and expertise to write production quality code without actually working for one of the banks or their vendor organizations. Then any such work would probably be covered by NDAs, etc.
It wasn't easy. When my imaginary friends was out partying I was sitting there, home alone, reading FIX specs
logotype commented on Ask HN: My software has moved trillions of dollars. AMA · Posted by u/logotype
I have written a lot of C code running on Unix supercomputers for fund managers.
Based on my perhaps limited experience, I would have never thought that any VM based language would be accepted for production use. Could you explain how and where your software is being used in the banking world.
I used to work at the big investment banks for a long time. Around 2015 they began transitioning their native apps to web apps (mostly for high-touch trading), so VM based languages are very much used for initiating trades to various degrees, of course in the majority of the cases the actual FIX message gets created in some back-end running C++ or Java.
But there are exceptions, FIXParser was used to create the actual, real, over-the-wire FIX message to trade a trillion dollars in a couple of minutes by a large financial institution. And this is just one example I heard directly from the people involved. The library does not have any metrics/analytics so I can't actually know how much it's been used in the industry.