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10th Annual Pace Pitch Contest - Pitch 1 Accern - Kumesh Aroomoogan

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Pace University's Entrepreneurship Lab


Executive Summary

Accern is a quantitative content detection platform tailored for institutional investors. We help our users detect events that could affect their equities before they arise in the mainstream media channels. By doing so, Accern have put institutional investors in a unique position to make strategic investment moves before the crowd and significantly minimize risks on their current holdings. Institutional investors who obtain risk intelligence one second earlier than the crowd can save millions. Our mission is to be able to supply institutional investors with event alerts systematically as they happen in real-time, not after they're reported. By utilizing local bloggers and journalist across the web along with common individuals on microblogging sites, we will be able to identify real-time event alerts as they happen. Anyone with a phone and internet access can post an event taking place near them before official reporters have gotten to the scene. The business model for this software will be a monthly subscription per seat with a one year contract. The market size for institutional investors dealing with equities and risk management is around 1.5 million seats. Our software will be converted into a small widget that can be placed at the side of our users screen and can be expandable with additional analytics. In this way, there is no learning curve or hard installation which saves both parties time and resources. The great thing about this software is that it's very flexible in any verticals in the market. In further expansion, we plan to supply this software to government agencies where they can be on the alert for major events as they happen and act accordingly to save even more lives. Our largest direct competitor is a startup named DataMinr. They were the first intelligence detection startup to target institutional investors successfully. Currently, DataMinr is at $50M in Series B Funding and expanding into various verticals such as Finance, Government, and News Publishing. Accern's founding team is consisted of Kumesh Aroomoogan -- Pace University, BBA in Public Accounting and Anshul Vikram Pandey -- New York University, PhD in Big Data Analysis. Systematically detecting quick actionable intelligences for institutional investors to act on by utilizing online content publishing is just the beginning.


Kumesh is currently a senior at Pace University majoring in Public Accounting. He is the Co-founder and CEO of Accern, a quantitative event detection startup geared towards institutional investors. Kumesh had previously worked in corporate environments such as Citigroup, SIFMA, and Ford Foundation and held titles such as financial analyst and general accountant. While studying at Pace University, Kumesh had co-founded various profitable entrepreneurial ventures such as BrandingScholars, Auxral, and X|Fitness.

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