Show HN: Search and analyze millions of SEC filings with AI.
6 comments
·March 3, 2025janmo
I have built something similar for my personal use.
The problem is that some filings especially the 10-K onces, can be very long (too long for chatGPT or Claude). Only Gemini can handle them properly. It can be quite expensive if a user chats a lot with a long filing.
hbcondo714
FWIW, OpenAI uses SEC Filings as the basis for their Assistants tutorial:
https://platform.openai.com/docs/assistants/tools/file-searc...
colesantiago
I've seen hundreds of these types of apps, to the point that I used Claude to build my own similar version of this app with similar features 100% for free.
What is the moat / advantage here when I or anyone else can build my own and at my own will serve it as a SaaS if I want to?
I'm assuming data isn't the moat here either as we all get the data from SEC Edgar.
pranavm27
From my perspective, the moat in such cases would be how many users impressed (based on accuracy, specific pain point) and how fast were they impressed.
Part of "how fast" equation is the UX - build with zero friction - every second they gonna churn unless impressed.
Bad UX... "chat with thousands of filings" but right after: pick a ticker to start. Sure, click the Chat tab instead. Type a query. Roadblock: you have to log in first. After login, boom query wiped. I'm sure people won't use it for the UX, but UX matters...