Sorry if this is a dumb question but why is nCino built on top of Salesforce? Would they not be better off as a standalone system?
Nah. Salesforce is the Trojan horse into Enterprise. It’s a very symbiotic relationship.
nCino S-1
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Re: nCino S-1
#52A $billion+ fintech unicorn nobody has ever heard of. This just reminds me that opportunities abound, especially to focus on particular workflows that are sometimes buried in the b2b world...
Tech journalism really covers consumer tech. Its purpose is to generate clicks, not actually educate people about the tech industry. Unfortunately, no one clicks on articles about B2B success stories.
Re: nCino S-1
#53How common are their losses for a fintech IPO?
Re: nCino S-1
#54This is the first time I've heard of nCino. I haven't seen it mentioned on HN before. Yet it's probably more successful than many of our own ventures might be. A good reminder to stay humble and to always keep business fundamentals in mind.
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Re: nCino S-1
#55Hey this is where I’ve worked for the last 4 years. Hands down the best company I’ve ever worked for.
so, should I buy?
Re: nCino S-1
#56They are super loss making, which is unusual for a tech provider (and that too, running on Salesforce).
Is this because of the Salesforce tax ?
Re: nCino S-1
#57> nCino is a leading global provider of cloud-based software for financial institutions. We empower banks and credit unions with the technology they need to meet ever-changing client expectations and regulatory requirements, gain increased visibility into their operations and performance, replace legacy systems, and operate digitally and more competitively. Our solution, the nCino Bank Operating System, digitizes, au…
It's built on Salesforce. They serve mostly mid-size regional banks. It's honestly super cheap for what it is -- its no wonder they're gaining as much traction as they are.
I'd never consider this until I could self-host. Way too much regulatory "scaries" when dealing with money.
Remember that admin permission clearing command accidentally committed in Production last year that killed hundreds of SFDC orgs last year?
What I'd do to listen to that bridge call..
Re: nCino S-1
#58Oh, look, yet another company founded by an immigrant.
I don't know why and when you decided to go to the dark side of ruining HN with unsubstantive political comments and flamebait, after something like a decade of being the leading HN user arguing against it, but it's really dismaying and we need you to stop. Please stop. https://news.ycombinator.com/newsguidelines.html
Maybe it's because this isn't actually political flamebait and you simply misevaluated the intent and effects of this post.
Re: nCino S-1
#59nCino is headquartered in my hometown, Wilmington, North Carolina. Even here, they keep a very low profile. Within the local entrepreneurship community, they're recognized as being very successful, but most people who live here don't even know who they are. They've done a nice job, and they deserve this. Congrats team!
It cheers my heart to hear stories of tech thriving outside of SV.
Also former resident of Wilmington, no comment other than that.
Re: nCino S-1
#60Hey this is where I’ve worked for the last 4 years. Hands down the best company I’ve ever worked for.
Why is it the best company?