Stocktwits.com Closes Series A | Hacker News Reader

Stocktwits.com Closes Series A

informationarbitrage.com

6 pointssteveplace6 comments

This company is from the guy who started/funded monitor110.com - which ultimately failed. Interesting post-mortem found here: http://www.informationarbitrage.com/2008/07/monitor110-a-po....

Seven deadly sins of a startup: 1. The lack of a single, "the buck stops here" leader until too late in the game 2. No separation between the technology organization and the product organization 3. Too much PR, too early 4. Too much money 5. Not close enough to the customer 6. Slow to adapt to market reality 7. Disagreement on strategy both within the Company and with the Board

brianobush, the company is not "from" me. i am merely first money in and lead this round. soren macbeth and howard lindzon first had the idea. i did wallstrip with howard (sold to cbs interactive) and mytrade (sold to thinkorswim) as well. i think stocktwits has the potential to be much bigger than either of them. i learned a lot from my monitor110 experience; stocktwits is being built in a manner completely opposite from the way we built monitor110. and for good reason.

Series A: $800k (http://www.alleyinsider.com/2008/12/stocktwits-raises-800k)

Congratulations! Need more news like that to get over gloom & doom.

ahoyhere, you clearly haven't used the service and clearly aren't in the target market, which is why your comments are absurd. if you spent time on the site and participated in the community, you'd see the value pretty quickly. your focus on where the feeds come from is a small piece of the overall value prop. and why the ?? concerning the $800k? care to be more specific? wtf??

OK, let's check...

1. Stock tips.

2. Immature and (sometimes) unreliable delivery platform that they do not control. Said platform is difficult to migrate away from (because it's a huge percentage of the USP), not even a commercial service, powered by VC and no revenues, with no SLA or recourse.

3. TWITS. Twits, people! Stock TWITS.

4. $800k?!?!?!

WTF, really?

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