Comments on: Wikinvest Closes $2.5 Million For Investment Wiki

By: The Wikinvest Blog » We’ve officially launched!

The Wikinvest Blog » We’ve officially launched! — Wed, 09 Apr 2008 22:21:33 +0000

[...] we’ve gotten a bunch of coverage surrounding our official launch. Check us out in Wired, TechCrunch, Mashable, Podtech, VentureBeat – keep them coming! In Announcements | 0 Comments Posted by [...]

By: Matt Bowie

Matt Bowie — Tue, 02 Oct 2007 04:19:43 +0000

I think this is a good idea but with limited (some might say targetted) audience. Diffen (www.diffen.com) is another new wiki – an encyclopedia of differences – that might have a wider reach.

By: flagman5

flagman5 — Mon, 01 Oct 2007 23:29:52 +0000

what gets me is, how did they close the series A round? how did they get their foot in the door cuz i saw them spamming on google finance a while ago so i thought this was a 2 man operation kinda thing…looks like it at least…and then next thing i know i read about them getting 2.5mil. how

By: Student

Student — Mon, 01 Oct 2007 21:33:44 +0000

So I just graduated from business school – which isn’t all that important, except that during the last few months of school, our MBA email accounts were bombarded with messages asking us to add to the wikinvest site about the companies we worked for previously. I thought this was incredibly tacky and I decided at that point that if a company is garnering data from spamming users, then it wasn’t a site for me. What’s the motivation for posting anyway – as someone suggested?

By: Renee

Renee — Mon, 01 Oct 2007 20:58:26 +0000

If there are enough contributors, I would be very excited that a wiki for investors actually exists. This would really help me be an well informed investor with all the helpful information on the site.

By: Barnaby

Barnaby — Mon, 01 Oct 2007 20:21:06 +0000

Wikinvest looks fantastic! People say they are tired of Wikis, but that’s a tech-savvy perspective. The average person has barely discovered the power of Wikipedia, much less contributed to it. Mass-collaboration is just getting started.

I’m really looking forward to using Wikinvest as a tool to be a more informed investor.

Goog luck guys!

By: McHale

McHale — Mon, 01 Oct 2007 17:14:31 +0000

I’d like to see a simpler version of this site for value investors like myself, or maybe a way to customize wikinvest to show just the indicators I care about.

By: Dan

Dan — Mon, 01 Oct 2007 17:00:20 +0000

Oh, and those wiki charts are a technical trader’s wet dream

By: Dan

Dan — Mon, 01 Oct 2007 16:58:14 +0000

Re: WEB’s comments

Can’t you say the same things about the people who would contribute to wikipedia? No one has to be savvy about many companies, only the companies or ideas they write about.

Besides, I use sites like wikipedia and wikinvest as launching points for my own inquiries. They’re not supposed to represent the totality of all information, just like whatever news source you read shouldn’t be your only and absolute source of information.

By: Matty Mac

Matty Mac — Mon, 01 Oct 2007 15:48:57 +0000

Pretty solid site. I’ve been dabbling in Wikinvest for a little while now, although it’s admittedly tough to find time to keep up with it. I have actually found myself perusing it as a pastime as much as blogs like this… I also used it to cross reference information I heard from other sources before making an investment (up 13% in 4 weeks, FWIW).

Anyway, I think these guys are going to do well. The $2.5 million is only going to go so far. I bet the founders are rich Ivy League guys anyway, though, so …

By: Matt

Matt — Mon, 01 Oct 2007 15:44:06 +0000

I assume most of the content will end up being written by a small % of users –rather than millions of contributors creating an environment of perfect financial market information. If that’s the case, I’d rather be reading professional editors.

And it’s basic wiki technology (powered by MediaWiki), so what’s the $2.5 mil for, except to pay staff to contribute entries? (are they sharing headcount with Yelp?)

By: Yoav barak

Yoav barak — Mon, 01 Oct 2007 14:54:46 +0000

Interesting, yet i prefer the new p2p investment tools: vestopia (my favorite) and cakefinancial.
I wonder if this concept will catch up – sure interesting though.

By: Patrick Kerr

Patrick Kerr — Mon, 01 Oct 2007 14:40:54 +0000

great idea but a lot of competition—we still have the ONLY totally free commodity futures paper trading site on the entire internet. We are independent non-broker owned so there are NO TIME LIMITS —free quotes, charts, news and paper trading with multiple portfolios—-we’re the only guys doing this and we’re also the only guys with a futures trading app on FACEBOOK — only reason i mention it is if i was a VC or a growing company in the financial info/services space PTrades is a chance to completely dominate an entire category and its a category that is now the fastest growing one in financial services –we’re seeking alliances, deals etc—-pk pk@ptrades.com

By: charlie munger

charlie munger — Mon, 01 Oct 2007 13:45:09 +0000

looks slick for a wiki but i’m started to get wiki’d out.

anyway, no one’s going to be investing much when the credit market bursts. subprime was just the beginning.

By: Keonda

Keonda — Mon, 01 Oct 2007 13:41:36 +0000

Interesting and good looking.
But what do they need these $2.5 million for?

By: WEB

WEB — Mon, 01 Oct 2007 13:14:50 +0000

This is in theory a good idea, but one question begs:
what would be the motivation for someone to contribute?

Unlike college students, these investors are probably adult professionals with careers and families.

Retirees are still not very Web savvy as a group.

The only people who might be motivated to post would be stockholders, corporate executives or knowledgeable Journalist and Stockbrokers who want more exposure.

With the exception of the latter two, there would probably be a limited number of people who are that savy about many companies.