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September 11, 2012 07:00 pm GMT
Estimize, a site where users try to beat Wall Street analysts by accurately predicting public company earnings, has raised $1.2 million in Series A funding.The company was founded by Leigh Drogen, formerly of StockTwits. Drogen has described Estimize as the quantitative flip side to StockTwits: Instead of aggregating general commentary and conversation about stocks, Estimize asks users for specific estimates about a company's earnings per share and revenue, and then it averages those estimates. Using the wisdom of the crowd, Drogen hopes to provide better predictions than the analysts.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VJSGz7zO__g/
Stock Market Prediction Startup Estimize Raises $1.2M Series A
Estimize, a site where users try to beat Wall Street analysts by accurately predicting public company earnings, has raised $1.2 million in Series A funding.The company was founded by Leigh Drogen, formerly of StockTwits. Drogen has described Estimize as the quantitative flip side to StockTwits: Instead of aggregating general commentary and conversation about stocks, Estimize asks users for specific estimates about a company's earnings per share and revenue, and then it averages those estimates. Using the wisdom of the crowd, Drogen hopes to provide better predictions than the analysts.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VJSGz7zO__g/
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