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Sharesight portfolio tracker passes 150,000 users worldwide

portfolio trackerInvestors from over 100 countries are now leveraging Sharesight’s award-winning portfolio tracker to uncover the true performance of their investments.

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Sharesight has seen exponential growth in the past year, with its user base of self-directed investors and finance professionals expanding to over 150,000 people in more than 100 countries.

A comprehensive portfolio tracking solution that offers automatic holding updates, tax and performance reports, alerts and other integrations from an easy-to-use online system, global demand for Sharesight continues to climb as investors turn to the stock market during the Coronavirus pandemic.

“The growth we’re seeing at Sharesight is really impressive,” says Sharesight Chief Executive Officer, Doug Morris.

“Just last year we announced that Sharesight hit 100,000 users, and now we’re at 150,000. That’s a 50% increase, which is a great achievement at any time, but particularly in the current economic climate.

“What we’re noticing is that investors, now more than ever, are looking for clarity on the returns of their portfolio. While we’ve seen an uptick in investment activity by more experienced investors, we’re also seeing an influx of users who are new to investing and looking for insight that will allow them to become better investors.”

Sharesight was founded in 2007 by Tony and Scott Ryburn, a father-son duo searching for a way to accurately and easily track the performance of their investments.

“We had built a huge spreadsheet that was growing in complexity by the day and we knew there had to be a better way to do this,” says Scott Ryburn, Sharesight co-founder and Chief Technical Officer.

“We also knew that if we were having this issue, there must be so many other DIY investors facing the same thing. So that’s how Sharesight was born, and seeing such growth in our user base really shows that we are achieving what we set out to do, which is to solve the problem of accurately tracking your investment performance.”

While the majority of Sharesight’s 150,000 users are in Australia and New Zealand, investors from over 100 countries are now leveraging Sharesight’s award-winning portfolio tracker to uncover the true performance of their investments.

Today, a new trade is added to Sharesight approximately every 23 seconds. The platform currently tracks almost 2 million individual holdings, with the average Investor plan user tracking 61 different investment holdings, whereas Expert plan users track an average of 130 holdings.

Much of Sharesight’s growth so far has been a result of word-of-mouth referrals, which highlights the strength of Sharesight as a user-friendly portfolio tracking solution.

“On behalf of the Sharesight team, I’d like to thank all of our loyal users who have helped us reach 150,000, as well as our Sharesight Pro clients and partners,” says Morris.

“We’re really proud of what we’ve achieved so far and we’re very excited for what the future holds at Sharesight.”

Sharesight in numbers

Sharesight 150000 users featured image

Source: https://australianfintech.com.au/sharesight-portfolio-tracker-passes-150000-users-worldwide/

Venture Capital

The Startup Trap Quibi Fell Into (and I Almost Did Too)

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This week, Tom and Jessica broke the news that Quibi founder Jeffrey Katzenberg had told people the video startup might have to shut down and then—a day later—reported the shutdown officially.

I’m very proud of their excellent work, and I have to admit that I have a love-hate relationship with digital media startup stories. I am, after all, a digital media founder. And in every story I read about a failed or successful media startup, I can’t help think back to my own experience these past seven years at The Information.

Source: https://www.theinformation.com/articles/the-startup-trap-quibi-fell-into-and-i-almost-did-too

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Venture Capital

Next Week’s Earnings Traffic Jam: The Information’s Tech Briefing

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It may be hard to believe, but next week is the last week before the election. Perhaps for that reason, the five big tech firms all decided to release their September quarter profit details next week. That’s fine, except that four of them—Amazon, Alphabet, Apple and Facebook—decided to do it on the same day, Thursday, at about the same time.

Twitter is also reporting that day. So expect a traffic jam of earnings reports on Thursday. But don’t worry, we’ve got your covered: Read down for details on what’s expected for each.

Next week will have other big tech news: On Wednesday, Twitter’s Jack Dorsey, Facebook’s Mark Zuckerberg and Alphabet’s Sundar Pichai will appear before a Senate committee examining “whether Section 230 of the Communications Decency Act has outlived its usefulness.” Expect some fireworks from that hearing!

Source: https://www.theinformation.com/articles/next-weeks-earnings-traffic-jam-the-informations-tech-briefing

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Private Equity

Boston startups expand region’s venture capital footprint

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth […]

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This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth mode, and investors back into the check-writing arena.

Boston has been an exemplar of the trend, with early pandemic caution dissolving into rapid-fire dealmaking as summer rolled into fall.

We collated new data that underscores the trend, showing that Boston’s third quarter looks very solid compared to its peer groups, and leads greater New England’s share of American venture capital higher during the three-month period.

For our October look at Boston and its startup scene, let’s get into the data and then understand how a new cohort of founders is cropping up among the city’s educational network.

A strong Q3, a strong 2020

Boston’s third quarter was strong, effectively matching the capital raised in New York City during the three-month period. As we head into the fourth quarter, it appears that the silver medal in American startup ecosystems is up for grabs based on what happens in Q4.

Boston could start 2021 as the number-two place to raise venture capital in the country. Or New York City could pip it at the finish line. Let’s check the numbers.

According to PitchBook data shared with TechCrunch, the metro Boston area raised $4.34 billion in venture capital during the third quarter. New York City and its metro area managed $4.45 billion during the same time period, an effective tie. Los Angeles and its own metro area managed just $3.90 billion.

In 2020 the numbers tilt in Boston’s favor, with the city and surrounding area collecting $12.83 billion in venture capital. New York City came in second through Q3, with $12.30 billion in venture capital. Los Angeles was a distant third at $8.66 billion for the year through Q3.

Source: https://techcrunch.com/2020/10/23/boston-startups-expand-regions-venture-capital-footprint/

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