NASDAQ is down over 40% year-to-date. Pretty bad stuff.
Many VC's issuing statements that funding will be hard to come by, valuations will drop, and many start ups will fail.
I guess the days of blindly building non-revenue generating "web 2.0" services -- and raising millions in the process -- are over. Not saying that's a bad thing, though.
Friday, October 10, 2008
Tuesday, September 30, 2008
Rally
Stock market is currently rallying this morning... hopefully things even out a little as panic subsides.
Monday, September 29, 2008
Stock Market Crash
The $700 billion bail-out didn't pass. Wall Street is panicking, and the Dow is down 777 points (6.98%) at closing - lots of companies are down around the -8% range for the closing.
Is the start up world going to take a huge hit? How about personal investment start ups? I see this as a possible opportunity for companies like PR, who hook up normal people with RIA's - ones who can make a profit even in a bearish market.
Is the start up world going to take a huge hit? How about personal investment start ups? I see this as a possible opportunity for companies like PR, who hook up normal people with RIA's - ones who can make a profit even in a bearish market.
First post
Trying this again... for the 5th time. I just can't seem to find the motivation to keep these things updated.
Anyway, I watched the TechCrunch 50 event awhile back. I seen a company on there that really intrigued me - Emerginvest. They aggregate financial information from around the world, and package it nicely into one service. I think they should offer this information as a one-stop-shop data feed, free of charge. Apparently they didn't think so.
Another company also caught my attention - Personal RIA (from here on out, PR). They track RIA portfolios. These are basically personal mutual funds for wealthy investors, managed by individuals licensed by the SEC. Non-wealthy individuals can use PR to mimic the portfolios of the RIA's. Unlike Emerginvest, this data IS proprietary.
So far, the team at PR seems WAY more responsive, and they're actually looking for co-founders. I've been doing research and lots of planning... I think I have some proposals that could help gain significant market share and make a really kick ass portal product.
Now if only the economy would cooperate.
Anyway, I watched the TechCrunch 50 event awhile back. I seen a company on there that really intrigued me - Emerginvest. They aggregate financial information from around the world, and package it nicely into one service. I think they should offer this information as a one-stop-shop data feed, free of charge. Apparently they didn't think so.
Another company also caught my attention - Personal RIA (from here on out, PR). They track RIA portfolios. These are basically personal mutual funds for wealthy investors, managed by individuals licensed by the SEC. Non-wealthy individuals can use PR to mimic the portfolios of the RIA's. Unlike Emerginvest, this data IS proprietary.
So far, the team at PR seems WAY more responsive, and they're actually looking for co-founders. I've been doing research and lots of planning... I think I have some proposals that could help gain significant market share and make a really kick ass portal product.
Now if only the economy would cooperate.
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