Howard Lindzon

@howardlindzon · stocktwits, Social Leverage

@michael_ack our ios strategy is to give people the fastest and smartest way to get the pulse of the market fro their watchlist and trending list. another goal is to allow a user to be able to find out about their stocks from a group of people that 'have their back'. Finally, help beginners and experts find a group of people that help them stay up to date on the markets and stocks they own or are interested in at all times. Notifications are important in doing that already today.

upvote share tweet・2 years ago

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Ryan Hoover

@rrhoover · Founder, Product Hunt

Hey, Howard! I'm curious to hear your thoughts about the recent downturn in the tech stock market as of late. Why is this happening and should early stage startups be concerned this might affect fundraising?

3 share tweet・2 years ago

@howardlindzon · stocktwits, Social Leverage

@rrhoover i think it started when CNBC opened a SF office of course. Maybe they secretly opened a chinese office last year before it's crash. i know people laugh and think I am being mean, but it has a lot of truth. People chase. the best investors and founders do NOT chase. It is hard to differentiate between chasing and trend following and it feels like too many people chased including founders, investors, media attention and so now we have some gluts of suppply and also demand imbalances. I dont think we were ever near a bubble. Oil was a bubble, 3d printing was a bubble, Maybe wearable tech could be a bubble and biotech is showing signs of a bubble.

Erik Torenberg

@eriktorenberg · Former Product Hunt

@howardlindzon what are your predictions of future bubbles? Is it a good time to angel invest?

@howardlindzon · stocktwits, Social Leverage

@eriktorenberg its always a great time to angel invest if you know whyt you are angel investing. If its a hobby you will lose unless lucky. head to vegas or by penny stocks. its more fun. if its your passion than you habe never had better live mentors and tools to make it a business. The key is if you are doing it with your own money or others money. i cant predict future bubbles. not my job. I dont thinl its a good risk reward to worry about that future till we are deep in it.

Erik Torenberg

@eriktorenberg · Former Product Hunt

@howardlindzon "The key is if you are doing it with your own money or others money." can you elaborate more here?

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Sydney Liu

@sydney_liu_sl · Co-Founder of Commaful

@howardlindzon Hi Howard, Congrats on everything; StockTwits actually helped me learn that I enjoyed business and using my analytical skills when I was in high school. Love it! You do a lot of investing, but angel investing seems like the most different type of investing ( compared to running a hedge fund, being a technical and financial analyst, etc.). What do you look for in your angel investments, and if you think your background in finance has helped you, what elements were you able to use from having a deep understanding of finance to help you with your angel investing?

@howardlindzon · stocktwits, Social Leverage

@sydney_liu_sl everyone needs to know how to read a balance sheet and understand cash outflow at starups because most just spend money. this is a long answer to deal with but experience matters more than textbooks.

3 share tweet・2 years ago

@howardlindzon · stocktwits, Social Leverage

My background has helped me most because I love what I do and live it everyday. to be the right founder, domain experience really matters and a passion for solving a real problem, even if its just your problem at first

@howardlindzon · stocktwits, Social Leverage

@sydney_liu_sl glad you like stocktwits.

Steve Weiner

@steve_wein · operator-in-residence at expa

@howardlindzon how do you think banks can better coexist and partner with startups moving forward?

@howardlindzon · stocktwits, Social Leverage

@sweiner2008 banks are getting it finally. in 2008 it all changed. we went from a world of financial leverage to a world of social leverage. Social is now the currency of the millenials. a teller or physical branch means little. UI and trust is all that matters and so if JP Morgan cant build they better buy and they cant buy unless they have a corp dev team and people that can integrate modern UI. The banks that thrive like bank of Internet, JP Morgan , Oxzark will be monsters once they come downstream for millenials.

Michael Oshman

@oshmanm

How do you envision the future of Stocktwits? How about Product Hunt?

@howardlindzon · stocktwits, Social Leverage

@oshmanm product hunt is a lot like a market in itself. the votes can be bought (like wall street), but eventually the good stuff stays at the top. we will look back as product hunt gets older and the data should be interesting. as for stocktwits we have a huge vision that is always hard because of limited capital and focus and the future is being the fastest and smartest way to catch people up on the markets and connect new investors with the right mentors and people to help them learn and enjoy the language of the markets. if you can understand the language of the stock market you will be a better investor/entrepreneur.

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Vasu Nadella

@vasu_nadella

@howardlindzon where do you think social analytics is going? What are the most exciting companies you're seeing come up in the next year?

@howardlindzon · stocktwits, Social Leverage

@vasunadella i am a biased investor in simplymeasured and tubemogul. In the stock market it is a third dimension that is just getting started Price and volume rules markets and still do. But WHO says something and how influential they are socially and when they say it now matters more than ever.

Erik Torenberg

@eriktorenberg · Former Product Hunt

Hey, Howard! to piggy back @rrhoover's question, what are some of the biggest misconceptions the startup world has about the hard finance world?

@howardlindzon · stocktwits, Social Leverage

@eriktorenberg every sector is hard the biggest problem is for me The SEC and FINRA. the incumbents have such a huge advantage (bloomberg, reuters, PR ewswire, schwab etc JP Morgan). JP morgan spent 1 billion on fucking legal in first half of 2015. Until robonhood in my sector, millenials were stuck with $8 commissions and complex onboarding and bad UI. things will change rapidly now. I love the idea of robo advisory but its a feature to me and in a bit of a bubble because of slim marging. obviously everyone in that space will argue that its about the long term stickiness and size of accounts but customer acquisition will be very high for a long time. the wealthfronts and betterments have a huge edge right now and I would not want to be in that war with the old banks. that said, acquisitions are inevitable

Steve Weiner

@steve_wein · operator-in-residence at expa

can you talk about why you think younger generations are interested in actively managing their portfolio?