We review 15+ internet startups per working day. Vote for the one you think will be a killer.
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In their own words
"By drawing upon the community-based globalization made possible in the Web 2.0 age, we are challenging the way investment management works today.
How? By cultivating an interactive social network of ambitious individual investors and young financial professionals centered on content, community, and competition.
But not only is The UpDown a destination for investors to collaborate and compete using virtual portfolios and real-life brokerage simulations, its members also have a chance to make real money derived from their on-site analyses.
By aggregating the trading activity of its members, we compile a community-based investment strategy, which is then used to manage a real-life fund. We believe that the organic competitive analysis is the ultimate hedge to investment risk. Instead of just one fund manager, we have an entire community.
The revenues from this fund are shared with the top members of The UpDown on a weekly and monthly basis. It all comes down to the individual investors - the more qualitative their insight, the higher the fund dividends, and the more money they'll earn."
Why it might be a killer
TheUpDown.com has a very professional interface and homepage full of business and stock information. The site is easy to navigate with all its content being clearly organized and placed. Giving members a 10% cut of money earned by users they refer is a great way to expand the community. Money always seems to be the best incentive. Joining groups is also a great way for users to learn from each other and create friendships. TheUpDown.com is a great place for individuals to give the stock market a try without being at great risk. Users can learn a lot from each other at TheUpDown.com.
Some questions
TheUpDown.com has a very complete site with lots of information. Users can communicate through comments and groups but the site could use a forum where users could ask questions and discuss different topics. In the facts and questions section of the site it says that users cannot see each others portfolios at the moment but they are working on it, when will this become an option?
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