I confess to being a stick-in-the-mud when it comes to investing in the stock market. As a committed adherent of the efficient markets hypothesis (I know, I know, they haven’ t always looked that efficient recently) you can count me among those who find it hard to believe that any money manager can consistently beat the indices.
Add in the the high fees and lack of transparency that come with active managers, and it doesn’t seem that customers are well-served by this particular part of the financial services industry.
That’s what makes a site like Wealthfront interesting. If the web is the perfect medium for raising transparency and reducing distribution costs (and fees), then this is a good demonstration of how to go about it. Read more
This summer has seen some interesting blog posts from the venture capital community on the “rise of the super angels” – seasoned entrepreneurs who’ve cashed out and are reinvesting in the next generation.
Seedcamp, the European investor and events programme, is a big part of that story. Next week will see the fourth Seedcamp week in London, with 23 young companies jostling for up to €50,000 in investment and expert mentoring in what’s been dubbed the “X Factor for startups”.
But the increasingly active angel community means that Seedcamp has found itself facing competition too. Read more