Investing, in all its forms, lends itself to groupthink and follow-ons. Everyone wants to know what everyone else is doing. Did Warren Buffet invest? What does Jim Cramer say? In New York’s venture capital scene, VCs want to follow Fred Wilson. When it comes to plunking down money, most people would like a little assurance that they’re not the only suckers in the game.
Now Roboinvest, a New York startup that raised a seed round and soft-launched in January, has made copycat investing as easy as one click. When someone you’re following broadcasts a trade, you have 30 minutes to copy it and execute the same trade, broadcasting it to your followers in turn. Read More