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But really, why the name? Isn't it kind of silly?
We thought we should enjoy ourselves a bit with this initiative. If you really don't like the name, just call us "Gem". So what does gem soup taste like?
The ineffable distillation of divers savory submissions, it defies explication and prediction. Translation: try it, you'll
like it.
Who owns you? Who backs you?
We are independently owned, and we are self-funded. We have plenty of cash, equity, and already contracted work to keep us
going for years without external investment.
Do Gem Soup members own an equity stake in Gem Soup?
We don't currently plan to offer this, mostly because we don't think it's worth the trouble. With our legal structure, we
can offer equity participation if it becomes desirable to do so.
So why do you call them members?
Members get the right to participate in a community, and have rights and responsibilities as described in the Membership section and defined by our member agreements.
Are members clients?
Often, but not necessarily. Some member classes require little or no fees, e.g. Onyx members.
How many employees do you have?
At present we have one full-time employee, Brian Lynn. We are also working closely with a number of independent consulting firms to grow our development and support capability.
We expect to need some additional part time staff in 2003, but do not anticipate requiring a large permanent development staff
to achieve our objectives.
Where are you located?
We are in Stone Ridge, NY, right next to Catskill State Park. We are about 2 hours north of New York City. We also spend
time in New York City.
What is community source?
It is a software development and distribution model in which updates may be shared freely to licensed members of the community,
but may not be shared freely to non-members.
Why did you (Brian Lynn) leave JPMorgan?
There appeared to be a tremendous opportunity to accelerate the adoption of FpML by undertaking this initiative. While JPMorgan
was interested in and supportive of the initiative, it did not make sense to undertake the initiative within the firm.
Do you really think you can develop all this stuff with the resources you have?
Frankly, yes. We have already developed a demonstration of one of the most complex products, the matching engine, and have
nearly completed the detailed proof of concept for the viewer/editor, which is likely to be the most difficult, and we've
just recently launched the firm. We are comfortable that we will be able to develop our product suite. Much of the work
will occur as firms adopt our products, and at that point we will use a combination of resources from within our members'
firms to meet the needs.
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