StockTwits: Lindzon's best idea yet

Posted by Rob Lewis

Mark Evans recently got Toronto-born Howard Lindzon to answer 5 questions about his experience with online startups. While they started with Lindzon's recent investment in Toronto's ECHOage by the third question Lindzon's was explaining his most recent startup - StockTwits. Turns out it's taking up most of his time right now.

StockTwits has had a great reception. We built it on top of Twitter. We can say that is good or bad but I feel like it is all about building a reputation platform because stock message boards that are just broke: all noise, no signal. I am all or saying what you want but let everyone see exactly what you said all the time. People can filter out your noise. I can pick and follow who I want to choose based on your reputation.

I think it is the best idea I’ve ever had. I am really excited. We had 3000 Twitter users the first couple of days, and they all are contributing. We are not supporting bulletin board stocks so you’ve got 7,000 real traded securities so it keeps away the penny stock people.

Considering the mainstream excitement around Twitter and the complete ineffectiveness of old-school stock boards, Lindzon may be on to something big.

Company:
ECHOage.com Inc.
Website:
http://www.echoage.com
Location:
Toronto, Ontario, Canada

ECHOage was founded and created by two mothers -- Alison Smith and Debbie Zinman -- who believe that children can improve the world one birthday at a time. A North American company, based in Toronto, Canada, ECHOage is an innovative online party planning website. ECHOage manages the online invitation and RSVP process, facilitates the donation and issuance of the tax deductible receipt, provides thank you notes and... more

Company:
StockTwits
Website:
http://www.StockTwits.com
Location:
Toronto, Ontario, Canada

StockTwits is an open, community-powered idea and information service for investments. Users can eavesdrop on traders and investors, or contribute to the conversation and build their reputation as savvy market wizards. The service takes financial related data - using Twitter as the content production platform - and structures it by stock, user, reputation, etc. Log into the site with your Twitter details and you... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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