Eric Clarke rolls the API dice by posting Orion software's code online
By putting 50,000 lines of code all on GitHub, the Orion exec risks giant intellectual capital giveaway -- but the upside is tremendous, observers say
Schwab
|Orion
|MoneyGuidePro
|Redtail
|Finance Logix
|Etelligent
|InStream
|Riskalyze
|WealthSite
|Junxure. TD Ameritrade
|Jim Satrcev
Related Moves
A week after he became chairman of Eric Clarke's board, Charles Goldman is heading the search to replace Clarke as Orion CEO-- at Eric's direction
Eric Clarke founded Orion in 1999 and built it to a $3.6 trillion AUA juggernaut, but he believes both he and the company are ready for a big change
May 22, 2023 at 5:13 PM
Riskalyze replaces Lori Hardwick with Laurie Schultz at board chair and publicly tells her -- and the RIA industry -- it's moved the goalposts to a $1-billion valuation
The Auburn, Calif., firm's new chair already took one risk software firm to unicorn status and promises to 'do what it takes.'
November 24, 2021 at 11:12 PM
Lori Hardwick steps down as AI Labs president and steps up as a gunslinging paladin for Riskalyze and other firms in new gig economy consulting role
The co-founder went to the Tiburon CEO Summit in April and came away with four big consulting gigs that morphed into a new career
June 13, 2019 at 2:48 AM
Seven 'RIA' chief executives are stepping aside for CEO 'operators' as PE backers get 'trigger' happy in adverse market; here are their stories
Whether it's Edelman Financial Engines, SMArtX, Allworth or InvestCloud, the re-CEO-ing process follows a fat 2020 capital raise and thinner results in stormy financial markets.
September 7, 2023 at 9:46 PM
See more related moves
MoneyGuidePro
Financial Planning Software
Top Executive: Bob Curtis
Redtail Technology
CRM Software
Top Executive: Brian McLaughlin
Riskalyze
Tech: Other
Top Executive: Aaron Klein
Terence Hong
As an engineer, I’ve always admired Eric’s open-mindedness when it comes to focussing on core competencies. He’s taken this to another level by creating a public API. I think that software providers in this industry should embrace this attitude, which has proven to be tremendously beneficial for web-related technologies.
This essentially means saying, “I am not as good as you at doing X, but we are the best at doing Y. Therefore, if you do X, and I do Y, we will all be better for it.”
Non-technical, business types should take this as meaning, “We can focus on what we do best, and spend less R&D money on trying to do what someone else has already perfected.”
As you can imagine, recreating your own version of Facebook or LinkedIn merely to provide social capabilities would be utterly pointless.
