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by ezero 564 days ago
You are charging way too much and offering too little. $29/month to track 15 companies, $89 to track 50, and "Contact sales" for unlimited. The "AI Analysis" you have is too brief and doesn't tell me anything useful as an investor.

Compare this to what https://quartr.com/products/quartr-core is offering for $20/month.

I know how difficult it is to build a tool like this and you've done a decent job. Just doesn't make sense to me to price it like this.

2 comments

As someone who was a paid customer of Quartr: they do not offer the ability to look or search actual filings at the $20/month plan. Full text search starts from $500/month, and is an annual contract (so $6,000/month.)

Pricing for these services is not cheap, given it can be very helpful for professional traders.

(I’m no professional trader, and not even a trader. I just sometimes want to search for interesting things in transcripts, when I research a topic. I would pay for a decent service offering full text search for transcript search, to use it a few times per month (or perhaps even less frequently). Still not found a product that does it at a sensible price point for my use case - likely because my use case is not worth building a business on.)

Wow $6000/month for a $500/month subscription is a bad deal!
5*12=60, so assume $6k/yr.
This has similar vibes to The Infamous Dropbox Comment:

https://news.ycombinator.com/item?id=9224

Not at all, I’m inclined to agree with the commenter. If you work in the industry you can immediately pick up a few problems.

1) SEC filings are largely useless. For earnings, funds typically look at the press release that companies put out. 10-Qs and Ks are sometimes released days or weeks after earnings are already out. You could potentially trade on filings that disclose insider share transactions but these are largely noise.

2) Setting all that aside, who exactly is buying this? Citadel/P72/all the other institutional investors have entire teams of data scientists. I’d be surprised if they didn’t have similar tools already with better functionality. Maybe this picks up steam with the retail crowd, but I doubt any average investor is going to have a trading system that can take advantage of this.

There’s just limited practicality and an even more limited customer base. Even if this were free, Im not sure I would have much use for it