Guidance for foundation of a small software company to make financial risk management software?

Question

I have deep knowledge and vast experience in working as financial risk manager in a big investment corporation. I want establish a company which will make financial risk management soft wares for small investment companies and banks who can't afford to develop in-house software. I have prepared the design and content of software program but I don't know anything about computer programming, so I can't develop this software myself. I would request the learned members of this site to please guide me in all aspects of formation of a software company for financial risk management software.

Answer 1

Hi,

I strongly suggest you to be careful from whom you accept advice. There are many people here who will happily tell you what to do; however, you are talking about an industry with substantial regulations and developping a software company is substantially more complex than just writing some code.

The other suggestion of contacting SCORE (Service Corp of Retired Executives) is very useful if you are on a tight budget. If you have obtained atleast the first round of funding, you would be far better off hiring someone with experience as an architect or technical product management experience.

Also, Paul Graham has some terrific articles on starting a software company, so you may want to look at his site. Just in case you don't know Mr. Graham, he is a Ph.D. from Harvard who started the company (ViaWeb) which eventually became Yahoo Stores earning himself $50m+ in the process.

Hope this helps,

Leo

Answer 2

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Answer 3

If you are in United States, please contact a local SCORE office for guidance in forming a company.