Comments on: Strands Absorbs Another Personal Finance Company

By: Strands improves its net worth with NetworthIQ acquisition (Now it can be told) » Silicon Florist

Fri, 16 May 2008 06:05:12 +0000

[...] the Portland Business Journal, GigaOm… oh a little blog you may have heard of called TechCrunch, which had this to say: Just over two weeks ago Strands acquired Expensr, and now the company is announcing its [...]

By: Aaron

Aaron — Fri, 16 May 2008 04:26:12 +0000

@John K. Mint.com will have access to auto loans, student loans, mortgages and HELOCs in next month’s release. No worries, it’s coming. With investments rolling out now, you’ll soon be able to see your complete net worth.

Aaron Patzer
Founder & CEO, Mint.com

By: Ryan Williams

Ryan Williams — Thu, 15 May 2008 21:10:35 +0000

Thanks for the post Mark. As much as I love being referred to as “human capital” I know it’s a positive statement and I’ll take it as a compliment ;-).

@MikeT Actually NetworthIQ doesn’t handle purchases at all, it goes a step back and just lets you track asset and liability levels from month to month. It’s a simpler approach to solving the “transaction hell” of quicken days past. moneyStrands is going to be much more intelligent while helping you manage your money in a more automatic manner.

@Pinyo Thanks for the comment and I really appreciate your support. There are no plans to disband the web site at this point, though yes the primary focus will be on building moneyStrands. Let me know if you have any questions.

@John K One person’s junk is another person’s treasure :-). I completely agree that building a net worth tracking solution is simple. Building one that lets you track with thousands of other people is not so simple I don’t think. Admittedly it’s not for everybody, but our members find it to be a great motivational and collaborative tool to help make better financial decisions.

By: John K

John K — Thu, 15 May 2008 20:46:56 +0000

When I checked out NetworthIQ, I was excited to see a competitor to Mint maybe having loan access (mint does not yet). However, NetworthIQ is a worthless product that requires manual input, making me do all the work for no value. There’s no analytics, no suggestions, and why would I care about sharing my net worth? I made my own db to track account by account each month with a simple chart and find a ton more value in my 5hr solution than NetworthIQ’s online junk.

By: Pinyo

Pinyo — Thu, 15 May 2008 15:54:12 +0000

This is the first I heard of it and I am interested in learning more since I use NetworthIQ quite religiously. I hope they don’t just disband the web site. That would be a shame.

By: NetworthIQ Blog » Blog Archive » NetworthIQ joins Strands

NetworthIQ Blog » Blog Archive » NetworthIQ joins Strands — Thu, 15 May 2008 15:28:19 +0000

[...] excited to announce that NetworthIQ has been acquired by Strands. Big news today (GigoOm, TechCrunch, The Oregonian) and we wanted to be sure to share all of the details here and be available for [...]

By: Adam Wexler

Adam Wexler — Thu, 15 May 2008 15:25:24 +0000

All of a sudden, Strands is trying to be a lot of things for a lot of different people. I thought they were a music company just a couple months back? It looks like they are trying to establish a hub for personal information now? Whatever they may be doing, they sure have plenty of funding to back it…

By: Strands Rings Up Another One: NetworthIQ »TechAddress

Strands Rings Up Another One: NetworthIQ »TechAddress — Thu, 15 May 2008 15:15:31 +0000

[...] Mark Hendrickson believes that the acquisitions were made more for the human capital than the actual technology. [...]

By: MikeT

MikeT — Thu, 15 May 2008 13:30:12 +0000

In this case, users will have to upload all their purchases to the site somehow… That’s kinda cumbersome and I cannot see a huge number of people using it.

However, if they offered an analysis of income and expenses and savings of users - especially for those who want to get out of debt - that would be cool! Why do you think Suze Orman is so popular? People need someone to open their eyes to the vast amount of money that they spend for fluff, to some savings techniques, etc. That’s where the recipe for success is.