Thursday, January 07, 2010 5:15:47 PM
mimurry, valid point about limited funds from a start-up. I don't want to not see them dilute, no argument there.
Very few folks who make a living in IT systems like to stick their neck on the line with uncertainties (risks) still incomplete, especially if there is no mitigation for that risk, which there isn't in this case. The data feed was not done and also out of their control. A good rule I have learned is never take the word of a data provider or telco at face value, you will get burned even if you think your ducks are in a row :)
I ran the IT systems for a major banks NYC trading floor for years. I got burned many times! 80% of the time it was a telco or data provider.
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