Exchange Software Profits
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A business providing stock exchange software and infrastructure to countries globally, leveraging the proven US exchange technology to power other nations' markets. This is a highly profitable enterprise business model with strong defensibility.
Key Points:
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Core Business Model:
- License battle-tested US stock exchange software to other countries
- Power the infrastructure for national stock exchanges (e.g., Finland)
- Generate revenue through software licensing and transaction fees
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Competitive Advantages:
- Network effects from having more companies listed
- Regulatory defensibility through government relationships
- Enterprise-level contracts with entire countries
- Military-grade, battle-tested exchange technology
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Revenue Streams:
- Software licensing to countries
- Competition for major IPO listings
- Transaction fees on trades
- Additional services to listed companies
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Financial Performance:
- ~60% profit margins on revenue
- Recurring revenue from long-term country contracts
- High-value enterprise deals
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Key Success Factors:
- Countries don't want to build their own exchange infrastructure
- High barriers to entry through regulation
- Network effects make exchanges more valuable over time
- Long-term relationships with major companies for IPOs
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.