www.wesabe.com
HQ Location: San Francisco, California
Product Being Demoed: Wesabe
Product Launched: November 2006
Metrics: $4.7M raised, 14 employees, between 100K and 200K users
How they describe themselves:
Wesabe provides a free, online money management tool that lets members see all their bank and credit card balances and transactions in one place, as well as ways to save money. The Wesabe community shares tips and information to help each other make better financial decisions and achieve money-related goals.
What they think makes them better:
Wesabe differs from the competition in several key ways:
- Wesabe does not rely on a third-party aggregation vendor to facilitate the data upload process.
- Wesabe has the largest, most active community in the space, with more than 120 active groups and more than 1,500 member-submitted, money-saving tips.
- The company’s data bill of rights clearly gives members the most control and ownership of their data.
- Wesabe does not accept advertising.
Executives: Jason Knight (CEO and Co-Founder), Marc Hedlund (Chief Product Officer and Co-Founder)
Investors: Union Square Ventures (www.unionsquareventures.com), O’Reilly AlphaTech Ventures (www.oatv.com)
Board Members: Tim O’Reilly (O’Reilly Media), Brad Burnham (Union Square Ventures), Jason Knight (Wesabe), Marc Hedlund (Wesabe)
Advisory Board Members: Kathy Sierra (author of “Creating Passionate Users”), Cory Doctorow (activist, author, blogger), Clay Shirkey (consultant, professor, author)
Contacts:
Press – Debbie Pfeifer, Director of Comm., debbie@wesabe.com, 206-954-6831
Bus. Dev. – Jason Knight, CEO, knight@wesabe.com
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