Excel is powerful. It does so many things really well. Sharing data between sheets in real-time isn’t one of them though (maybe I just haven’t found the right tool, so we went ahead and built one).
I worked at a large fintech company a few years ago. During my interview Excel popped up as a topic, the interviewer quipped “Excel is terrible!”, he was referencing the heavy reliance of his customers on spreadsheets rather than the “better” functionality they offered via their platform. A few years before I would have agreed, but Excel really is amazing, it allows almost anyone to just-get-things-done.
There are plenty of cases where Excel projects had grown to the point where specialised software would be better for the business and the users... and if you’re in an industry with heavy and advanced usage of excel (like the fintech space), it’s a great place to mine solid ideas for a startup. Just don’t try to recreate everything Excel does! Focus on areas it doesn’t excel in.