Michael Landis
Chicago, IL (USA)
Role(s):
Founder/Owner/Principal
TradeCast
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Startup
Location:
Chicago
Industry:
Software
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Not Incorporated
Description:
TradeCast will offer a plug and play, remotely administered HPC algorithmic trading platform with integrated market mining, capable of: automatically fine tuning trading/investment strategies and notifying remote clients of investment opportunities, where remote clients have local analytical tools and 'one-click' trade authorization. It's social in that it facilitates clients subscribing to multiple 'channels' with incoming investment opportunities ranked according to the subscriber's own investment preferences. Customers are promoted to potential subscribers via web-based plot of investment results. Price: $2500+/mo. US TAM: 400k+ customers; SAM: 100k+. $3M to build a full functional prototype; $12M to get into the black (in the 2nd year); conservatively, $3B+/yr US revenue potential with a core staff of twenty-five.