[flessner]

Who's the target audience here? Trading firms and funds have a comparable, likely far better system, already.

Many hobbyists and "algo traders" only care for actionable results. Going through millions of records manually, even with AI, isn't really helpful.

Maybe I am in contact with too many quants, but this isn't even 5% of what's relevant for any given financial decision. Find out what the other 95% are about, integrate them into the product - now you have Bloomberg Terminal, great.

[ashr_]

Majority of the users are hobbyist value traders and traders at medium-sized firms that spend a lot of time going through 10k's and 10q's manually.

[flessner]

That's kind of what I was thinking... do you have an insight as to why they're doing that? For mid-sized firms there's a lot of modeling around risks: possible demand issues, possible interest rate rises, comparison to competitors - I am skeptical that this can cover all of it.

For hobbyists, I don't think that most of them strictly want to go through all these fillings. You could likely deliver "dumber" results, providing just bullet points on what's particularly interesting about a specific ticker.

Just as a heads-up, I am not attacking your product, it's just that the financial industry is very broad and you have to be mindful about your target audience. I have simply seen quite a few products that are "LLM with dataset X" fail because they don't integrate nicely with preexisting workflows.

[ashr_]

Most people use this tool as an alternative to the official SEC website since it also displays the original SEC document alongside the chat interface. So you can think of it as a complimentary tool to other financial tools (like Bloomberg terminal etc) as opposed to a replacement. The pricing also reflects this.

[flessner]

To be fair, I didn't look at the pricing before leaving my original comment - $9 a month is indeed very well priced.