@VijayNair
This is something i hadn’t come across yet
I will go through them and also think how can i be more efficient and can server the right people and help the right crowd manage and scale
Quick questions
If you were a RIA and was asked if you would pay for some tool which will help you manager SEBI compliance and get more clients would you pay? if yes then how much ?
And also what are some features that i can add so that the RIAs , MFDs etc feel yes it is worth paying
…and once you validate this model, and show even the slighhtest chance of market-fit,
what’s stopping AlphaQuark/InvestWell/other such from offering an identical service (and more) for free?
(subsidised by their ability to upsell their paid-offerings to all such customers.)
Why would an RIA prefer to onboard
with an upstart with no established network effects
instead of going with an established portal?
The criticism wasn’t that you tried something that might fail.
The criticism was (still is) that
you are prioritising higher something that might not be time-critical
over something that is absolutely time-critical.
The underlying assumptions being
The market opportunities you are exploring are not time-bound.
Doing better in the engineering end-sem exams
is something that will have a larger impact on your future opportunities.
Dedicating some more time to academics in these last few days,
will improve your performance in the exams.
Maybe these assumptions are not valid assumptions in your case.
If so, feel free to continue discussing here right now.
If not, then maybe responding to this comment can wait a couple of weeks.
So alphaquark.in is also a really new company their operations might have started from 2024 or 2025 from what i found and
What is stopping them from offering and identical services is even they do not have a vast network and as this space not monetized that well i am thinking of raising funds and the VCs network might help this scale
And about the criticism the assumption made are partially true
My exams definitely have a long lasting imapct and it is not that i have dedicated my entire day during these crucial time to do research i am doing this and during my breaks from study
And also from RIAs i have spoken to nobody doesn’t really know about alphaquark
Looking forward to more meaningful conversation @cvs
While i would personally prefer to continue this discussion in 3 weeks,
let’s see how long we will continue to nerd snipe each other now.
So do the other existing entities (and other upstarts exploring this domain).
Why would a VC invest in your venture?
Wouldn’t they rather explore the idea with you
and then go to market with an established entity (or another upstart) in this domain
that they are already invested in?
Also, even if some VC decides to,
isn’t the need for monetisation/RoI in the near-term (typically associated with a VC-funded model),
going to lead to pursuing strategies with potential conflict of interest?
Hahhaa… these things are quite nostalgic to me since I was trying my luck in indie mobile game development. And the list of problems you mentioned is pretty much the same as what I faced. Though, I failed.
My learning was: a few things are made open to individuals just to maintain the semblance of democracy. In reality, they require a team to handle all the paperwork and its complexity.
Google Play Console used to haunt me every 7 days with some new paperwork for a different country so that my app could comply with the rules there.
In your context though, it’s essential, because financial work is way more serious.
The reason a VC should invest in my venture is because of the ammont of connections i am building and any other firm mught not have that much of connections with RIAs and also i think VCs would invest as i said its a new space and not many competitors in the market and i would role out some features which VCs would love the where will i get those features from the connections i know i like i am doing rn would ask the painpoints and help them solve and maintain business
About the conflict of intrest i should actually think over that
Thats true i need to be more careful as it is about finance but one the bright side i need to comply with only india specific financial rules as it is for specific for the indian market
And thank you for reminding me this aswell it just gave me a reality check of how far i still need to go
