Sramana Mitra: So it is both NYSE branding and NYSE data and you are providing the framework for analyzing and manipulating that data, but it is their data and their brand. Sandy Steier: That is correct.
Sramana Mitra: That is very interesting. Talk to me a little bit about the big data angle of this. What kinds of data scales and technology stacks are you dealing with? Jim Swift: There are several different components to it. I can’t give you a perfect definition of big data. Whenever the data starts to
Entrepreneurs are invited to the 167th FREE online 1M/1M roundtable mentoring session on Thursday, March 28, 2013, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea to Ms. Sramana Mitra. You’ll gain constructive feedback and she’ll answer any of your questions.
Sramana: What was your gross margin on the $2 million of revenue that you generated? Tony Jamous: Our business is wholesale. The industry average margin is 17%, and we are in that range. Sramana: You presumably had some funds available to you from your revenues. Were you profitable at that point? Tony Jamous: No, we
Sramana Mitra: I get what you are doing. Would you like to discuss a use case that is outside of sales? You said you are providing information to finance and marketing. Jim Swift: In the risk space there are several different applications. A lot of our customers are using data in different ways. One in
[Note: This is the Epilogue chapter from my book: Entrepreneur Journeys: Bootstrapping: Weapon Of Mass Reconstruction] In January 2009, in the midst of raging financial crisis and a deep global recession, I hosted an online entrepreneurship forum for laid-off engineers who were considering a switch to entrepreneurship. There were 220 people registered for the event, and
Sandy Steier is the chief executive officer of 1010Data, the leading provider of cloud-based big data analytics. Sandy counts more than 25 years of experience in the industry and is known as one of the innovators behind the adoption of advanced analytics in the financial sector. In this interview Sandy gives us insights into 1010data’s
Sramana: Can you talk about the technology required to accomplish the SMS market arbitrage? Typically VCs don’t like to invest in pure arbitrage model companies. How did you convince them you were a technology company as opposed to an arbitrage company? Tony Jamous: The arbitrage was our minimum viable product. We did not have a