How they describe themselves: kaChing is a virtual investing environment where anyone can prove they're a great investor, or find a great investor to follow. Out of nearly 375,000 portfolios on the site, 25,000 had positive returns in 2008 (while a single mutual fund managed to avoid losses). Later this year, kaChing will allow its members to use their own brokerage accounts to automatically mirror the site's certified best investors.
What they think makes them better:
With its proprietary supercrunching technology and open source strategy, kaChing has built the largest investment platform on the web with over 375,000 portfolios.
Having received groundbreaking status as a registered investment advisor with the SEC, kaChing is offering a fresh, new alternative to mutual funds by launching mirrored trading later this year. Users will be able to mirror their favorite certified investors in their brokerage accounts.
Investors: Marc Andreessen, founder of Netscape & board member of Facebook; Kevin Compton and Doug Mackenzie, affiliated partners with Kleiner Perkins Caufield & Byers (KPCB); Bruce Dunlevie & Andy Rachleff, co-founders of Benchmark Capital; Ben Horowitz, former CEO of Opsware; Jeff Jordan, CEO of Open Table and formerly president of PayPal; and founding partners Harris Barton and Ronnie Lott (former 49er) of HRJ Capital
Contacts:
Biz Dev: Dan Carroll, Founder, dan@kaching.com, 630-930-7353
Press: Cynthia Sterling, cynthia@cls-communications.com, 650-868-6832 |