Show HN: Bloomberg Terminal for Individuals
gorillaterminal.com
I made a site to do investment research faster and more efficent, with links to 10k 10Q, charts, industry averages, macro economic data, hedgefund reports and much more
gorillaterminal.com
I would try it out immediately this way. Otherwise, I'm not giving you my credit card just yet.
Requiring a credit card increases the threshold and you get more qualified user into the funnel. Also makes it a bit harder for people to always sign up with new accounts to get the credits without converting.
Any B2B2C business could write a book on sourcing 1000s of low quality leads. It seems all the literature out there is geared towards sourcing B2C leads.
for example dtn iqfeed is around over $100/m w realtime equities and futures, and really high quality data so depending on your focus (esp single segments) the data is very workable. but not many tools let your arbitrarily plugin various data providers
all you have to do is search the stock name, and you'll have access to everything from annual reports to transcripts in less than 10 secs, that is not the case in OpenBB
we have better powerful charts, we have better industry-level data, we have a macro overview section where you can analyze everything on a macroeconomic scale, we also have a biweekly digest helping our user navigate upcoming events if there is any, and important alerts on events like fomc meetings and such, and much more
we do also have a terminal interface, where you can type commands to access everything even faster!!
I come from OpenBB.
The OpenBB Terminal is fully python based so that we can have the community working on the platform without needing to rely on other languages or frameworks. Having that said, we are currently working on a better frontend for less tech-savvy users.
From your demo, it seems that it's not all integrated into your platform, so you are just opening a new tab to the corresponding data source. On our platform you get access to a very substantial amount of data, and we make it all integrated so that you can benefit from learning our infrastructure.
You may argue that you get access to the data faster than OpenBB. But you are comparing opening a new window and url to processing data from a source and displaying into the same platform where the rest of the interface lies. A bit unfair.
In addition, we double down on automation. So, the OpenBB Terminal actually allows you to automate your full investment research routine - which I think is something you can't do in any other platform, easily.
In any case, good luck with the project!
https://news.ycombinator.com/item?id=32701555 (16 comments)
https://news.ycombinator.com/item?id=32554793 (7 comments)
Bloomberg has all sorts of connections with hundreds of different economic data providers and news orgs — including some they they own themselves.
It’s crazy how you can get CPI prints at 8:30:00.001 because presumably they have some embargo arrangement with the FOMC.
They have a corporate actions database with hundreds of thousands of mergers, dividends, minority stakes, etc.
They have millions of news articles, hundreds of thousands of securities, symbology for all of it.
And don’t even get me started on the alternative data in Bloomberg: weather data, maritime ship position, satellite maps, polling data, crypto prices, corporate hierarchies, holdings/investor data, millions of bios, etc.
It’s an empire of data and it’s all in one place.
1. Do something that doesn't scale: provide clean, reliable feeds for everything + whatever new thing clients want
2. Package the above in a way that's easier to explain/sell: a device (and now, API)
3. Control the interface
It establishes and grows a moat by 1. It eased sales and prevented competitors from stepping in between them and the customer (and therefore eventually being able to cut Bloomberg out) via 2 & 3.
Consequently, it turns any potential competitor's value calculus into either (a) attempt to reimplement a subset of Bloomberg's offering, thus inviting the "Why not buy an integrated solution?" customer comparison and fighting against integrated pricing economies or (b) reimplement the entire Bloomberg offering from ground up, which is pretty much impossible.
And the entire time a competitor is spending time and effort on (a) or (b), Bloomberg is collecting use patterns and new feature requests from its actual, day-to-day users.
As retail typically trade stocks and not bonds, retail traders miss what makes Bloomberg terminals indispensable for institutions. You cannot trade bonds without one.
Yup.
In a previous life I worked in the vicinity of someone who only occasionally traded corporate bonds.
When that time of the month/quarter came up, they would do some limited research as best they could, but then ultimately the phone would be picked up to someone with a Bloomberg and the words "what does your Bloomberg say about X ?" uttered. They would only make their decision after that.
Bloomberg have built themselves a truly solid moat when it comes to fixed-income data.
never used their data myself so can't say but i'm curious.
(also they do have a ton of data and it's better than almost anyone else)
No.
Calling Bloomberg a 24k/year chat box is doing Bloomberg a great disservice.
The reason Bloomberg is 24k/year is because of the extensive global dataset.
You can get everything from the latest on Apple to the latest on an obscure company in Mongolia.
You can do extensive comparisons and analysis on a global basis.
And the data is cleaned and standardised. So no concerns about messy dirty data that is often found in cheap or free options on the internet.
ok - but please be aware that determination of cause and origin of a major fire is similar to aircraft safety, rail safety or other .. actual liability is not obvious, and not a legal fact until it is written.
second, there have been instances of corruption. The liabilities are very large. Bloomberg data might repeat market rumors?
I run an algorithm that does pretty advanced pattern recognition on internet discussion to find stocks as they're about to increase in price. And it works. Well.
History is here: https://feetr.io/
Also their APIs suck hairy balls, IMO that's the space in which disruption is more likely to happen.
Same here on Desktop Safari, not sure if that's part of the joke or a bug though.
No.
You’re already logged in
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As others said, a free tier makes sense for your product so that users can test it before they buy. But depends on your operating costs. How do you source the data for the terminal?
- An absurd value proposition ("Like Bloomberg, but just $10-25 per month!")
- English spelling/grammar errors littered throughout the copy
- Unlikely claims about institutional ties (e.g. using Harvard's official logo)
it's definitely not Bloomberg think of it like a lite version for Individuals investors, people in Harvard, Stifel really do use it haha
i'm sorry about the bad first impression, I will try to fix it or seek someone's help to fix it, thankyou so much for the feedback
If an institution (like Harvard or Stifel) really pays for your product, then you should write a case study.[0] That would be effective and honest advertising!
However, unless the institution is paying, you shouldn't use its logo. E.g., if a college student signs up for an account, that's not the same as the college itself using or endorsing your product.
[0] Here's an example case study from Patrick McKenzie (patio11): https://web.archive.org/web/20120211173734/http://www.google...
https://gorillaterminal.com/pricing By the way, slight spelling issue on the free 7 day trial one
p.s. for professionalism you might wanna crop the chrome bar and grammarly icon out of the sc on the front page.
edit: just saw the demo policy, thanks man! is there any way i can go look at a company's debt offerings, converts etc?
would love a quick way to see the latest forex currency prices. something like "FX/GBP/YEN" that would pull up the GBP-YEN price.
live data will be available by nov 1 and indicators by nov 10
What do you have that isn't already publicly available?
Look guys, its cool you're building this and all that, but please skip the whole Bloomberg comparison thing because you're only embarrassing yourself.
I've had a fair bit of involvement with Financial IT over the years, and let's just be honest here. Bloomberg has no real competitors. For fixed-income (bonds etc.), Bloomberg is unparalleled. For everything else they have a vast and largely un-paralleled dataset.
The nearest two real competitors to Bloomberg are Refinitiv (a.k.a. Reuters) and FactSet.
Of those two, Refinitiv are the nearest to Bloomberg. But despite having spent many millions of dollars chopping and changing their product, they still don't have feature parity with Bloomberg. Eikon is a great product for sure, and if you're not trading fixed-income products then it will likely serve you well enough.
FactSet lags behind Refinitiv. Its very much an equities focused product. Its not that bad, but still third-place.
And that's it for the top tier. You have a few interesting players in the second tier (e.g. CapitalIQ and Infront). They do the job for people who can't afford top tier but still want quality.
Beyond that, let's be frank, you start wading into the swamp of Bloomberg "killers" who are anything but.
One of the main problems at swamp level is the lack of coverage. Generally you will find US data, maybe some Canadian, but beyond that you can generally forget about data outside North America, and if there is any, it will generally be limited and of low quality.
Good data costs money. There's no escaping that fact. And that's why the top-tier financial vendors charge $$$$.
i really don't see this as a bloomberg killer, this is more like terminal for indiviual investors, i really feel like everyone sees things as black and white, on one hand you have your hedgefund investors and on the other you have wallstreetbets who dont care about fundamentals, this is for the middle ground, like a value investor who looks at fundamentals and invest for the long term, even the infamous face of the game stop saga DFV was a hardcore value investor
i really am going after that crowd, they don't need those advanced data youre refering to like they're not gonna trade spreads or swaps, so operating terminals backend would be magnitudes cheaper, which i will pass down to my customers, you made really great points i just view this as completely different product
Financial data is a competitive space and so (to be perfectly honest) you should have some clear differentiator otherwise you'll just end up another random tier-3 name.
As I said in a reply to someone else here, to be absolutely clear: I'm not seeking to be a jerk, I'm just injecting a bit of reality. You've chosen a tough space to operate in...
Take a look at https://news.ycombinator.com/showhn.html
You don't have to like the work other people post but you can't be a jerk about it.
Ok, since I have to spell it out....
My post was NOT "being a jerk". My post was NOT personally targetting anyone.
My post was telling the reality. Truth hurts, as they say.
Do a search of HN. Do a Google search.
There are SO MANY people out there touting themselves as an alternative to Bloomberg, when they are clearly not. The product under discussion here is just following the same path many before it have trodden.
It is an abuse of the Bloomberg name, plain and simple.
Sell your product in other means, but don't go pretending you are something you are not.