Evolution of Market Simplified
This blog is dedicated to the team of ‘Market Simplified’ and the online investing community.
The sole purpose of this blog is to trace back the history of Market Simplified, its evolution, its development and what it stands for. The team of INXS contributes each and every article. INXS is striving to make a difference both to the trading community and the existing work culture. Read on to see how this would be possible.
We sincerely hope this blog reaches each every online investor who is striving to make a difference in his life, who has the burning passion to chase his dream and who definitely knows what he wants to be in a few years from now.
The Birth: Market Simplified was born in a hotel called ‘New Park’, near little India in Singapore. It was in this place that Nagendra and I(Venkat) had started discussing on new ideas and strategies while trying to prepare business collaterals for a previous project that we were working on. It was here that I chanced to mention about my Father-In-Law who as a trader was confined to his house between 10.00AM to 3.30PM whenever there was a new posting, this affected his activities and social life terribly. We thereby felt the need for a platform that would do away with this lack of mobility among traders and in fact do away with all the pains in the existing online investing systems. We also mused over the ‘pains in the system’ and decided that it was due to inefficiency in the trading scenario, as people are not equipped at the right time and the right kind of information about the market. And found that this was a global phenomenon. Thus Market Simplified was born, to do away with time constraint and information constraint and to offer mobility to retail investors. In short to relieve the retail investors from the ‘pains of trading’.
While designing the strategy for this platform, we decided to make it ‘mobile’ and neutral of any agents or brokers. ‘The investor must be able to get information, analyse and trade wherever he is’- this formed the aim of Market Simplified. As we were discussing this we had the white paper for this new evolution ready by 4:00AM.
Next came the part of breaking the news to our other partners. Well it might not be easy to tell your partners to forget the existing project and to look at a new one, but since we believed in our ‘project’, and ourselves we went ahead and broke the news. And our partners seeing the zeal and conviction we had, decided to forge ahead!
Evolution: The present scenario of the market is completely complicated. We needed to break this myth and change to simplicity. Make investing in the market simple, getting the right knowledge about the market simple- this is what ‘Market Simplified’ aims to accomplish.
INXS, the company was taken over by us from the original founders(fans of music from INXS!). Since both the name and the ideology suited us, we decided to continue with the existing name of INXS but of course we made a slight change, it is not mere INXS it is ‘Life INXS’ Yes as the name suggest all of us live our lives (in) excess.
Evolution of Team INXS: Do you believe in the term ‘ hand picked’, well we do and we hand picked all our team members. The process of selection was different than what is followed conventionally. It was in this juncture that we met upon Harishankar and Sivakumaar and our association with Added Values therein became closer.
We had given the outline of the team that we required; it was Added Values to give shape to this. After teething trouble that we encountered for a month, we got the entire planning reorganised. What we were looking for were for people not with experience but the attitude to handle situations. Our interview process was different, we were more curious about the people attitude to adapt than to excel in what ever was their forte. People who had solid ambition and knew where they would be in a few years from now were our pick. Yes among the many we interviewed we zeroed in on a handful. The process itself was tough and if I say tougher than the most competitive industry, then I may not be wrong. We required some very tough requirements like that of people adept with ‘Ruby/Rails’ well there are only handful of them and probably 50 to 60 people in the entire country adept in this at that time, well this wish was also fulfilled by Added Values.
The team is well formed and are not mere part of INXS but own it. Yes they are stakeholders in INXS; in short we have people (owners) working towards their own ambition.
Work Zone: Why am I going blah blah over the work culture, well there is reason to it. I am mystified by many of the large industries, development houses that give such stringent time and tough job to their ‘employees’. The idea itself looks exhausting. I believe that no play but only work makes any tom dick and harry dull. Well we believe in working in our own comfort zones (each one has his own). We have the ‘Nintendo Wii’ to unwind, we have beach chairs to stretch and sleep. Our Pantry is filled, breakfast and lunch is on the house, why even the laundry is on the house. When one’s basic annoyances are taken care of, the productivity naturally increases. Well I won’t be surprised if you are looking for our address and already deciding to chuck your job;-) We will come to that part later buddy!
Being owners the team sets their own goals and deadlines (believe me no one is checking with that, not even me!) and of course they are amply rewarded with whatever they require, be it a holiday or a rejunivation centre, we make sure they get what they need. Being the backbones they for sure deserve this “ living life INXS”
-Venkat
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