Launched in January 2012, Roboinvest is a social investing platform that allows anyone to "look over the shoulder" of top investors in real time. The company recently completed its angel round of financing (article linked at bottom of page). Hope those of you in fintech find this interview interesting - feel free to post follow-up questions / discuss below.
Special thanks to Michael for taking the time to help the WSO community!
Can you just give a brief description of your company, Roboinvest? Where did you get the idea?
Roboinvest is combining the proven business of online stock brokerage with social networking to help the world invest together by creating a simplified online brokerage that's inherently social with a focus on the mobile experience, built on an open platform. It's a big vision but I think we can get there.
What contributed to me creating the company was an experience in college. My friends knew that I traded every day, and saw that I was making good profits. They kept offering me their money to trade for them. That was one experience that made me think this is a common occurrence in the world and there needed to be a platform around this concept.
What is your career background like, and what experiences would you say have best shaped your ability to be successful as an entrepreneur?