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Formula Insight recently launched!
"Search and analyze complex spreadsheets using plain English"
TL;DR Excel data is essential to any hedge fund's investment process. However, it’s inefficient to extract and compare details between various complex models.
Founded by Will Tong & Stefan Raghavan
Founder Backstory
At Citadel, Will worked with 50-70 different financial models, each with 10-15 thousand cells. These Excel models became difficult to manage and counterproductive.
At SpaceX, Stefan wasted hours reviewing other people's spreadsheets with missing labels when designing rocket engines.
They think these work processes should be seamless.
The Problem
The current method of Excel record keeping precludes key details and is not intuitive to search and extract. Hedge funds are only able to keep track of a few metrics manually.
The Solution
Formula Insight is building an application that can label and store every single cell in a central repository. Modeling variables can be easily extracted and compared using natural language. Eventually, this builds into a knowledge database for the next generation.
Learn More
🌐 Visit www.formulainsight.io to learn more
🤝 If you know anyone in the investment management space or any industry that heavily relies on data stored in Excel (consulting, accounting, FP&A), Formula Insight would love to chat with them. Please make an introduction on LinkedIn or email the founders.
👋 Feel free to use this sample blurb for intros: “An Ex-Citadel PM at YC is making an Excel tool that could be value-add. Would you like to hear more directly from the Formula Insight team?”
