TechCrunch 50 Finance Session: iCharts, Me-trics and Emerginvest All Winners
PersonalRIA
Mark Cuban: “I hate the idea but it still could work.” How do you vet investment advisors and protect from fraud?
Roelef: reminds me of Cake financial. You take advantage of sloth and greed: people want to make money and they are lazy. Primary question is customer acquisition?
Emerginvest: Enabling foreign investments and trading information finding.
Roelef: likes it alot. Solves personal frustrations.
Cuban: Disagrees with Roelef. Sources of information are critical and this is not unique content. “Why would I come to you unless I am just window shopping?”
Kevin: why can’t Yahoo be the Yahoo of emerging markets?
ExchangeP: Virtual fantasy stock market for private companies. Think fantasy markets and protrade for web 2.0.
Roelef: important question is can you have cash work here instaed of fantasy. users need to have a real ante and skin in the game; without that, I wonder if users will behave appropriately.
Mark: interesting idea but wrong business. You won’t have enough users to make real money. Become the toolset for people to create their own exchanges (ala Ning). Interesting… I agree here
Don: value is in other verticals. what is business model here?
Me-trics: Google Analytics for you.
Kevin: needs to be automated. The fun will wear off over time and difficult to keep people posting / updating.
Don: interesting idea and takes advantage of our focus on health and fitness. But lots of these sites are popping up. Getting people to input data is tough – and implausible for things like blood pressure.
Kevin: integrating with products like Wii Fit is a no brainer. And the marginal cost to consumers is low enough that people would buy as value-add.
iCharts: 40,000,000 onlne charts. 900,000,000 charts printed each year (really?). Trying to MS Excel + SlideShare.
Roelef: Interesting idea because I spend too many hours slaving over Excel. Intrigued by the idea but we are dealing with an explosion of information and there is value in distributed inforamtion.
Don: I love it. Search-ability is the big win and advancement. This might be a feature – not a company though.
Kevin: I like the idea but spend time with the design. Critical here. What do you think of Google Charts API?
Mark: you have the easiest business model of anyone we’ve seen todady. License the proudct to all of the other presenters today. People forget to follow the money – this is easy.
Favorites from this morning from the panel
Roelef: iCharts and Emergenvest / PersonalRIA. All three can get a Sequoia meeting.
Don: iCharts is the best. Emergenvest is second. Financial market is so huge.
Kevin: Me-trics for what they could be.
Mark: Me-trics has best long term opportunity. iCharts has quickest to money opportunity. ExchangeP can be big if they become ExchangeEngine.
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