Mountain View, California (EastBayDaily) — TradeVibes announced the Alpha launch of their Startup Exchange. TradeVibes Startup Exchange is the first predictive market around private companies that leverages the wisdom of the crowds to determine the valuation of these companies. The price of each company on the Startup Exchange reflects that community’s belief about the valuation of the company. The valuation of each company is equal to one million times the current price of the stock.
Anyone can participate in the Startup Exchange, a fantasy predictive market. Participants are given T$100,000 in play money when they begin. Depending on whether they believe the companies to be over-valued or under-valued, they can buy the stock or short-sell the stock. There are currently 50 startup companies on the Startup Exchange, including well known companies like LinkedIn, Digg, and Yelp. There are plans for regular IPOs, where new startups are added to the exchange. Depending on the collective action of the community, the stock price of companies in the exchange will fluctuate to reflect the changes in the perceived valuation as determined by the TradeVibes community.
“We are very excited about launching the Startup Exchange in public Alpha,” said David Li, CEO and Co-Founder of TradeVibes. “We believe the wisdom of the crowds is a great way to solve many types of problems, including the uncertainty around how to value private companies.”
For those interested in trying their luck as a startup investor, or just want to see the community driven valuation in action, you can visit the TradeVibes Startup Exchange here: http://www.tradevibes.com/exchange
About TradeVibes: TradeVibes is the easiest way to discover, research, and discuss hot (and not so hot) startup companies. Our community finds cool and interesting startups and adds them to TradeVibes. By leveraging the collective wisdom of our community, TradeVibes separates the best startups from their competitors, and is able to value companies on the Startup Exchange. Come share your opinions, or just come see the ratings, opinions, and discussions about which startup will be the next star at http://www.tradevibes.com.
About Mill River Labs: Mill River Labs is the company behind TradeVibes. Mill River Labs was founded by four early employees of PayPal, a popular online payment service acquired by eBay. Founded in early 2007, the company raised its seed round of funding from prominent angel investors including Ron Conway, Aydin Senkut (Felicis Ventures), and the Kinsey Hills Group. Mill River Labs also has a world class set of advisors – Ron Conway (founder of Angel Investors LP), Steve Chen (co-founder of YouTube), Ed Kinsey (co-founder of Ariba), and Dave McClure (prominent blogger and investor). More information about the company can be found at http://www.tradevibes.com.
Media Contact: media @ tradevibes.com 650-967-2735
Mill River Labs