What types of business models exist for startups in this industry? We were recently advised to focus on R&D (our strength) and not on production systems (let others trade the money). Here are some possibilities: * Sell/lease trading systems to hedge funds * Trade through a prop firm * Raise and manage AUM directly * Sell to Fund of Funds * Hire management with track record and access to capital * Distribute fund through a broker or other channel such as Citi's Consulting Group Are there any others? What havenât we considered? Thank you for your ideas and input!