Howard Lindzon, the CEO of StockTwits said that he is disappointed with “cash tags.” Twitter’s “cash tags” are like hashtags, but they are related to stock prices. The “cash tags” are distinguished by adding a $ sign before a stock symbol. Lindzon wrote a blog post that said:
Scopely, a startup founded by Google AdSense cofounder Eytan Elbaz, has raised funding from Greycroft Partners, Howard Lindzon, Lerer Ventures, Windsor Media, Dave Tisch, David Cohen, Evan Rifkin and Gil Elbaz. According to TechCrunch, the exact nature of Scopely and the amount of funding raised are currently being kept secret.
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BillGuard is a personal finance start-up website that has raised $3 million in funding from Bessemer Venture Partners, Chris Dixon, Ron Conway, IA Ventures, Howard Lindzon, and Yaron Galai. While in private beta, BillGuard is currently working on alerting people about hidden fees, billing errors, scams, and credit card fraud. BillGuard crowdsources the scams to alert you when a charge on your bill is flagged by anyone else using the service. Below is a video demo of the service:
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Twitter stream platform company TweetDeck has raised $3 million in Series B from incubator company Betaworks. Other investors include Ron Conway, Danny Rimer, Accelerator Group, Roger Ehrenberg, and Howard Lindzon. TweetDeck now has a total of $5.3 million in funding.
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URL shortening service Bit.ly has been growing at an aggressive rate as they have become the default for Twitter. Given their current growth rate, the company needed another injection of cash as they have raised $1.5 million from previous investors. These investors include Betaworks, SoftTech (Jeff Clavier), Ron Conway, Mitch Kapor, Chris Sacca, O’Reilly AlphaTech Ventures, and Howard Lindzon. The funding was added to an SEC filing and TechCrunch confirmed the round with Bit.ly President John Borthwick. The $1.5 million round was set up as a convertible debt note. Bit.ly received 2.7 billion clicks last month. last week alone about 744 million Bit.ly links were clicked on. [TechCrunch]
StockTwits is a service that is used to discuss stock trends through micro-blogging service Twitter. Recently StockTwits acquired Chart.ly, a stock chart service that tracks activity on StockTwits, making this acquisition sound ideal. When using Twitter, you can write about a stock, have it reported on StockTwits, and add a link to a stock chart using Chart.ly.
Howard Lindzon is the founder of StockTwits. Lindzon previously founded Wallstrip which was acquired by CBS. Chart.ly was started by Adarsh Pallian. StockTwits owns the code that Pallian wrote now. Pallian will remain with StockTwits to oversee the development of the website and help with advertising deals. Pallian had paid less than $10,000 for the development work and will split ad revenue on Chart.ly 50-50 with StockTwits.
When Pallian first started Chart.ly, he approached the StockTwits team to ask if he could create software for them. StockTwits decided against it since they were very busy already. StockTwits currently has 70,000 followers on Twitter. About 3,000 charts have been created on Chart.ly.
[via TechCrunch]
