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TradeVibes tried this many years ago (their assets were ultimately acquired by VentureBeat) so as a side project for fun, maybe. As a viable business, not so mu
by asanwal 14y ago
TradeVibes tried this many years ago (their assets were ultimately acquired by VentureBeat) so as a side project for fun, maybe. As a viable business, not so much.
The problems with this type of "exchange" are as follows:
- There is little data and liquidity to "price" these companies. SecondMarket and the other markets like that had this issue as well. Everyone is interested in Facebook and Groupon when private. After that, nobody knows or cares. And the interest is based on popularity - not on fundamentals of companies.
- The audience for this type of thing is relatively small - startup enthusiasts, startups themselves and maybe VCs. It's not like Hollywood where virtually anyone has an opinion.
- lilfeetpete 14y agoI agree, I don't think a large enough number of people would find it all that interesting but there should be enough to make a fun sustainable platform provided it resources put into it are kept to a minimum. I agree that it would be practically impossible to work out how much the companies are worth by traditional investor metrics, discounted cashflow for example. But what about other metrics - user signups, number of times tweeted, number of followers on twitter, number of uniques on site, number of mentions in articles/ posts online... I believe http://appdaq.net/ http://appdaq.net/ used some of these ideas.