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Community > Event Details
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The Smart Money of Crowds: Collaborative Investing Startups
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Tue Apr 7, 2009 5:30 PM
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The Smart Money of Crowds
Collaborative Investing Startups
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In the current market, most of the traditional `smart money` are not looking very smart: global investment banks, hedge funds, even money market funds have experienced very significant difficulties and in many cases lost large amounts of money. Come learn from a group of innovative startups which are leveraging the wisdom of the crowd to provide investment counsel you can believe in - or so they claim. Among the issues we will discuss:
- What is the quantitative track records of these services in increasing investment returns? Comment on the studies showing that individual investors underperform indices (on average), and individual investor groups underperform individual investors acting alone.
- How do collaborative investors determine membership criteria for their services?
- How do these firms handle reputation management: rating of contributors and contributions; minimization of gaming and spam; and compliance issues?
- What are the business models used by these firms? (ads, subscription, using investment information)
- What is the value proposition?
- How do these startups increase returns? Do they provide investors with valuable data? With access to insights from other investors? Are they educational? Do they help with trade execution?
Moderator:
Roger Ehrenberg, http://informationarbitrage.com
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DATE:
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Tuesday, April 7th, 2009
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TIME:
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5:30pm - 6:00pm: Reception
6:00pm - 7:30pm: Panel Discussion
7:30pm - 8:30pm: Networking
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PLACE:
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Pace University Multipurpose Room, B-Level East
One Pace Plaza, New York, NY 10038 - DIRECTIONS
Closest subway stops: Park Place/Broadway;
Broadway-Nassau St./Fulton St. Station;
Brooklyn Bridge/City Hall Station Entrance on
Spruce Street between Gold and William Streets
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REGISTRATION:
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Free to members of MIT Enterprise Forum
$50 non-members, $10 extra at door
All members and guests are welcome. If you can no longer attend this event, please
open the event announcement from our
Event List, click on the event registration link,
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Panel Moderator Biographies
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Roger Ehrenberg
Managing Partner of IA Capital Partners, LLC
Roger Ehrenberg is Managing Partner of IA Capital Partners, LLC, his personal venture investing vehicle. IA has made 27 investments since 2004, principally in the areas of digital media and financial technology. IA`s portfolio companies include TheLadders.com, Mimeo.com, Clickable, Covestor, BlogTalkRadio, Buddy Media, Silicon Alley Insider and Stocktwits. Roger was also an original investor in Wallstrip (sold to CBS Interactive) and MyTrade (sold to Investools), sits on five Boards of Directors and advises the gaming company Genesis Interactive and the location-based messaging platform Socialight.
Prior to founding IA, Roger spent 18 years on Wall Street in Mergers & Acquisitions, Derivatives and Trading. Most recently, Roger was President and CEO of DB Advisors, the $6 billion multi-strategy hedge fund trading platform of Deutsche Bank. As head of derivatives businesses at both Citibank and Deutsche Bank, Roger`s teams twice won awards, securing Global Finance magazine`s `Interest Rate Deal of the Year` in 1998 and Institutional Investor magazine`s `Equity Derivative Deal of the Year` in 2000.
Roger has penned the popular business and technology blog Information Arbitrage since July 2006, and has had over 1 million readers since inception. He has also been interviewed broadly on topics ranging from hedge fund regulation and algorithmic trading to deep-web search and building vertical communities by The Financial Times, The Wall Street Journal, the BBC, NPR, Reuters, CNBC and many others.
Roger received his Bachelors in Business Administration from the University of Michigan/Ann Arbor, and his Masters of Business Administration from Columbia Business School. Roger is Trustee of the Little Red School House/Elisabeth Irwin High School and a Board Member of the Integrative Pediatrics Council. He lives in New York City with his wife Carin and two boys.
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Panel Speaker Biographies
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Divya Narendra
Founder and CEO, SumZero
Before founding SumZero, Divya was an Associate at Sowood Capital Management, a $3.5B multi-strategy hedge fund located in Boston, MA. At Sowood, Divya analyzed investment opportunities across the capital structure, spanning credit and equity. Prior to this, he was an analyst in the Mergers & Acquisitions Group at Credit Suisse Securities in NYC. In 2004, during his senior year at Harvard College, Divya co-founded ConnectU.com, an online social network dedicated to the university community, and predecessor of Facebook.
SumZero is the largest online community of professional investors worldwide, currently consisting of more than 1,200 analysts/PMs from nearly every well-known buyside fund. The site is free to use, but membership is by invitation-only. Each member lists 3 or more tickers for companies he/she has extensively researched. As such, an analyst can search for a company he is interested in and find the buyside analyst at another leading firm who has already spent months researching that name and initiate a dialogue. As a by-product, an analyst grows his network. SumZero also contains a fully searchable database of concise investment write-ups focussed on valuation. Though not required, only those members who contribute an idea can access the database. Please email divya@sumzero.com for more information and an invitation to join.
 Stacy-Marie Ishmael
Writer, Financial Times Alphaville/Long Room
Stacy-Marie Ishmael is a New York-based writer and blogger for FT Alphaville, the Financial Times' award-winning blog. Her responsibilities also include FT Alphaville`s Long Room, which is a "digital restaurant" where finance professionals are encouraged to share research and comment on the work of others. Stacy-Marie is actively involved in the development of the FT Alphaville platform and brand.
FT Alphaville is a Webby-award winning blog focused on global financial markets, with a team spanning London, Tokyo and New York. The Long Room, which was launched in October 2008, is a members-only extension of the main site, focusing on comment and analysis. Both FT Alphaville and the Long Room are free to readers (an FT subscription is not required to access content) and are supported primarily by display advertising opportunities on the site and in FT Alphaville`s email briefings. In the case of the Long Room, revenue is generated from the sponsorship of "digital tables".
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Phil Pearlman
Director StockTwits
Phil Pearlman was a co-founder of Lumina Fund Management, a long/short equity hedge fund which focuses on behavioral and sentiment analysis to exploit under and overreactions in options markets. He is an expert in the area of market participant behavior and emotion and consults with professional investors employing strategies adapted from empirically validated psychological treatments to improve trading performance. Phil has developed a proprietary prescriptive model of investor experience which integrates empirically validated clinical models and behavioral finance. He is a contributor to Real Money, a paid service owned by TheStreet.com. He currently trades a private account in New York.
Phil is an investor in and director at StockTwits. He also makes angel investments in other social media based start ups and focuses on the relational and community aspects of online social networks. Phil earned a doctorate in clinical psychology from Argosy University in Washington DC.
 Rikki Tahta
Co-Founder Covestor
Co-Founder, Covestor Rikki Tahta has held a number of senior roles in Finance and Information Services. Previous start-ups include ARK Information (acquired by Thomson Financial), WebTrack (acquired by Jupiter Communications - later public on NASDAQ), Steelhead Systems (acquired by Merrill Lynch) and Bookpages (acquired by Amazon.com). Other positions include Chase Capital Partners (private equity) and Thomson Financial (Securities Data Corporation). Rikki lives in New York and loves fishing. Username: RikkiTahta
Covestor is a portfolio sharing service for proven self-investors and for those wishing to track them. Tens of thousands of self directed investors share their real trades and you can follow them live for free. Covestor is funded by New York based Union Square Ventures, Boston based Spark Capital and London based Amadeus Capital Partners. We also have a strategic investment from Independent News and Media Group.
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Board Member Organizers: David Teten
Teten Advisors, LLC
 Chair, Programming Committee
Ben Boissevain
Managing Partner
Agile Equity
 Vice Chair, Programming Committee Panel Discussions
Richard Reisman
President
Teleshuttle Corporation
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Copyright 2009 All rights reserved
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