where investment businesses grow
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Everyone’s out reporting that Bloomberg, after being rumored as a suitor to pick up trouble biz mag, BusinessWeek, actually closed the deal for a rumored $5 million, an assumption of debt that amounts to over $30 million and a burn-rate of over $800,000/week. Couple of salient points here: Integration issues: Bloomberg has grown with a [...]
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We’re not talking about Mayor Bloomberg here, but rather the mutibillion dollar financial media empire he founded. While there are a lot of alternatives for traders these days, including CapitalIQ and Reuters, most traders still use the ubiquitous Bloomberg terminal as the interface between trading and research. For the unacquainted, Bloomberg terminals are the defacto [...]
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Is the elusive “Bloomberg for the masses” attainable? Of course, most do-it-yourself investors cannot afford the cost of thousands of dollars per month for these expensive terminals. But, what about making a platform free for subscribers and monetizing the platform via advertising? That’s exactly what SkyGrid is attempting. Until recently, SkyGrid charged $6000 per seat/year [...]
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Monitor110 jumped onto the investment technology scene in a big way. Its backers and proponents took the audacious task of attempting to create a huge content system that would enable investors to monitor the increasing content with investment value that is the Internet. With backing from Roger Ehrenberg, some big names on the BOD, and [...]
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