Banking 2.0 – FinovateStartup: Focus on Vestopia

Banking 2.0 – FinovateStartup: Focus on Vestopia

FinovatestartuplogoI covered the first Finovate event organized by Jim Bruene back in October 2007 (in New York City). The event was such a success (it sold out in only 6 weeks) that Jim decided to organize two more Finovate events in 2008: FinovateStartup & Finovate 08.I was delighted when Jim invited me to be the official live blogger on NetBanker at FinovateStartup in San Francisco.  Before the event, I plan to blog about most of the 40 startups which will demo their products. My goal is to give you a brief overview of those innovative startups.

Expensr, another online community focused on personal finance
VestopiaI contacted  Steve Markovitz, Chairman and CEO, via Linkedin.

With the continued volatility of financial markets, social networking sites providing investment information such as Covestor and Cake Financial are showing significant increases in traffic.

Now an evolution of that model has been introduced that holds even greater potential because of the superior transparency and reliability it offers. Vestopia, launched in January 08, is allegedly the first online platform to enable users the ability to monitor the private portfolios of professional money managers in real time as they invest their own money. It represents an important option – wisdom of the pros – to the wisdom of the masses found on social networking sites.

Vestopia, which is backed by LightSpeed Gemini Internet Lab (LGiLab) and Ofer Hi-Tech.

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