Crowdsourced investing, let's invest together!

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Kate@katesegrin · Head of Social @ GitHub
@wallinex what was your inspiration to create SprinkleBit?
Alexander Wallin
Alexander WallinMaker@wallinex · CEO & Founder, SprinkleBit
@katesegrin I started investing when I was 14 years old. When I was 20, I had enough to pay for college. I never wanted to give advise to my friends who begged for it, but I would always show my portfolio and my trades. That philosophy followed me through college when I did my thesis on "The Application of Crowdsourcing on Active Portfolio Management" where I came up with an algorithm for finding underlying investment sentiments through crowdsourcing transaction data. The result is ingrained in SprinkleBit as VPI, Value Prediction index. You can read about it here it here http://blog.sprinklebit.com/spri... ... So a long story short, I am really passionate about bringing transparent investing information to people and to teach them that investing isn't that hard, it's not scary, and it can actually be fun! :)
Alexander Wallin
Alexander WallinMaker@wallinex · CEO & Founder, SprinkleBit
I hope you guys will like it! :)
Jack Smith
Jack Smith@_jacksmith · Serial Entrepreneur & Startup Adviser
Sounds cool. There is a similar yc company. Can't remember the name
Scott Broughton
Scott Broughton@weheartscott · Designer & Head of Mobile @ Netsells.
With the rising prevalence of Silicon Vally culture, I think investing is going to be the next big mainstream rush. Social investment is inevitable, and this seems like a good solution!
Alexander Wallin
Alexander WallinMaker@wallinex · CEO & Founder, SprinkleBit
@weheartscott thanks for the kind words Scott!
Kimmo Hintikka
Kimmo Hintikka@kimmohintikka1
@weheartscott Social investing seems to fit badly to current wall street structure. Let's say Social investment becomes widely popular. It causes people to invest on same things due to peer pressure. This bumps up the market value of an individual instruments, until for any number of reasons (bad news, large sale etc.) that hype stock drops hard. This causes many small time investors to lose money. I think if someone would really benefit Social investing becoming mainstream it would be hedge funds and algo traders. They (we) leverage upward hype with leveraged capital and or options then use sentiment analyses to predict crash event making even more money with aggressive stock and option short. All this makes a lot of money to pro investors while small timers lose their money.
Siddharth Gupta
Siddharth Gupta@siddygups · Student
This could be particularly relevant bc of title IV of the JOBs act