The Silicon Review - Best Business Review Magazine 50 Most Trustworthy Companies 2019 | Page 14

An Interview with Lane Mendelsohn, Vantagepoint AI President:
‘We Bank on Our AI-Powered Trading Software to Help Traders
Preserve their Hard-Earned Capital and Create Real Wealth’
“We are constantly evolving our technology so that our customers can
trade smarter, with more confidence, and for greater gains.”
A
rtificial Intelligence (AI) has
emerged as a powerful disruptor
in the Financial Services industry.
Many institutional players have already
hopped on to the AI bandwagon. In
another couple of years, widespread
adoption of cognitive systems and AI is
expected to boost worldwide revenues.
An IDC report predicts that revenue
growth could touch $47 billion by 2020.
With this in mind, we’re thrilled
to present Vantagepoint AI,
headquartered in Wesley Chapel,
Florida.
Vantagepoint AI is a leader in ai trading
software research and development.
It forecasts Stocks, Futures, Forex, and
ETFs with proven accuracy of up to
86 percent. Thanks to Vantagepoint’s
patented Intermarket Analysis, it
can predict changes in market trend
direction up to three days in advance,
enabling traders to get in and out of
trades at optimal times with confidence.
The company is also recognized as one
of the Top 10 Places to Work in Tampa
Bay, a nationally certified great place
to Work, and an Inc. 5000 company
that employs a “family” of over 60 team
members. Vantagepoint is also actively
“
Lane Mendelsohn,
Vantagepoint AI President,
spoke exclusively with
The Silicon Review.
Why was the company set up?
And how did you expand your
company and its offerings over
the years?
The company was originally set
up in 1979 as a way for my father
to develop cutting-edge trading
technology for himself. Back in the
early ‘80s, it was very expensive,
obviously, to develop software.
Most people did not have computers,
so consequently there weren’t very
many software developers. My father
chose to expand his research and
development into this emerging
powerful tool by licensing the
technology to allow him to take
it to another level. He figured with
other people benefiting from his
technology and paying him to license
it –that would give him more financial
resources to continue developing
his AI-based software. Today, 40 years
Our vision is to be the financial
market forecasting software of choice
for traders and investors around the
world.
”
committed to giving back in the Tampa
Bay community and donates a portion
of its revenue to Shriners Hospitals for
Children monthly.
14
on, we continue to license the software
and reinvest that capital into continued
Research and Development with our
on-site team.
How successful was your first
project roll on? Share the
experience.
We launched our first product in 1983,
and the software was very well received
once people got it installed on their
computer and they started utilizing it.
There was a challenge though – it was
the early 80s! Everyone didn’t have
home computers back then compared to
the current scenario. Computers didn’t
have the computing power either. And,
the people who did have computers
often didn’t know a lot about how to
use them. My father did a lot of “tech
support” in the early days; even going so
far as to help people find and purchase
a computer to run the software they had
just purchased. That level of customer
support has become the foundation of
how we treat our family of Vantagepoint
traders. We still provide this white
glove level of concierge service to our
customer base so that not only do they
have the most powerful tools available
in leveraging the power of AI, but
we also want to ensure that they’re
successful with it.
What do you feel are the
reasons behind your company’s
reputation?
There are two fundamental components
of our success: our culture and our
technology. Our culture starts with our
people which dictates how we serve
our customers. Our product provides
a meaningful service that empowers
traders with reliable technology and
intelligence. These two things combine
to create our reputation.
Reputation is how people view you; as
a business owner, I want to make sure