I'd be happy to introduce you to an engineer I know who is building a very interesting product that is starting to gain some traction. He lacks computer science knowledge/skills to build the backend he needs and would happily share 50% of his startup with someone like you.
Yes, we're aware current incumbents appear to have interest in getting into this space, in fact, people working in some of them have directly gotten in touch with us regarding potential partnerships. Without even mentioning these companies typical technological capacity/skills, my main doubt is how would they solve their ambivalences, because having a roboadvisor of their own would strongly cannibalize their current profit.
Thanks for recommending our solution to your family! What you say is definitely true. It is really surprising that investment culture and knowledge is so different between countries that in other aspects are not that far appart.
Thanks for your thoughts! Cool insights there.
In fact, we do use global ETFs so we do offer diversified exposure. As a regulated entity we are able to allow investment for as low as US$1. We haven't conducted our marketing as Acorns' does, though, because we feel the biggest problem (opportunity) right now is the one that relatively successful professionals in their 30s face: they are able to save money but they have no time to invest it right. You may be right suggesting that getting many small accounts quickly can be a good strategy though, thanks for that idea, will think it through.
About performance, I agree, it will take some time until regular people start noticing the difference.
