Posted by Willy Franzen on April 21, 2009. Jobs updated daily.
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Who would have thought that you could build a whole startup off of a Wiki? I mean, I know that Wikipedia is wildly successful, but they’re run by a non-profit called the Wikimedia Foundation. Building a real business off of that same idea almost sounds too easy, but that didn’t stop the founders of San Francisco based Wikinvest from trying it. It all started when two Harvard students were day trading in their dorm rooms during the height of the Internet bubble. They were making money, so they thought they were smart investors. When the bubble burst, they realized that they weren’t nearly as smart as they thought they were. As they tried to educate themselves, they noticed that most financial websites leave a lot to be desired (kind of how I noticed that most job search sites leave a lot to be desired). Instead of building a team of salaried experts, the guys who started Wikinvest decided to crowdsource their content through a Wiki. So far it seems to be working well for them – they raised $2.5 million in a first round (although that was 18 months ago).
Some challenge that Wikinvest is inherently flawed because anyone can submit information. You’d think the pump-and-dumpers would be all over it, but the site still appears to be loaded with quality content (and not rife with spam). There’s also the question of why you would want to share good investing information publicly instead of keeping it for yourself and making lots of money. I certainly see the validity in those arguments, but I think that they miss the point of Wikinvest. The point is to learn key concepts and basic information that will allow you to understand more in-depth information that might not be found on the site. For instance, you can’t invest in Corn if you don’t understand the basic concepts behind Corn Prices. Since all new grads should be investing (even if it’s a small amount), Wikinvest is a great resource, but it’s also a place to consider employment. Despite their investment background, most of their jobs are actually on the software/web side. Their Jobs page shows a number of positions that seem geared towards new grads – Software Developer, Web Developer, User Interface Architect, and Flex/Flash Developer. You can apply for any of these jobs by sending a cover letter and resume to jobs@wikinvest.com.
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Hi Willy,
Thanks a lot for the mention! One other thing to note, some of our writers have been able to leverage their experience on the site into other real-world positions. Several have found industry-specific internships, and a few have even been quoted as experts in publications such as the WSJ.
Writing for Wikinvest can pay off in many ways. Thanks again.