Show HN: Upfund

Hi all, this is a project my friend and I have been building as our senior years come to a close. We're both pretty new to web development, but we both have experience in the field of finance, and we're learning every day. Basically our plan is to have a community driven investment strategy where people can research and vote on stocks they like, and then we invest in whatever is voted for. We're planning to have an alpha out pretty soon to test the model with fake money, so if you're interested sign up on the site!

A little me: I've been interning at quant hedge funds since the summer after my freshman year, working close to the model building process. While I have the utmost respect for the people building and testing the model, I was ultimately not impressed with the results. It's just fundamentally hard to predict a system that changes its behavior every day. For a lot of quant funds the key to succeeding is marketing to people that you have "the secret" inside your black box, but, as many people suspect, no one has that firm a grasp on the "truth". Instead we'd like to make the process honest and inclusive, and since the community builds the model, we'd like to let the community keep more of the profits. A normal hedge fund or mutual fund is going to charge you 2% of your total money invested per year and 20% of the returns you get, our goal is to do all this for 1/10th of that.

Suggestions are welcome. Thanks for listening.