Thomas Beattie, founder of social trading startup Volio, answers Nathan Latka's question regarding total capital raised.
0:00 / 0:01exact quote · 1.9s
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“Five million dollars as of this year.”
quote is from the automated transcript, cleaned for reading:
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More from Thomas Beattie
Opinion
Beattie: Robo-advisors just package seven ETFs and charge unnecessary fees
“All these robo-advisors are doing is putting seven ETFs into a bucket and selling it to you and charging you a fee every year for rebalancing it. This is not rocket science. Any member of the public can do this if they have an understanding of why there are th…”
Thomas BeattieSep 2, 2018▶ 3:301135 This app lets you use real money to compete with your friends in crypto, stocks
PredictionNot checkable as stated
Beattie: Cryptocurrency will permanently reshape the financial system
“I think that crypto was not made for his generation. I think that those of us that are a bit younger understand that these assets are exciting, that they're going to change. The way that the financial system works, and whatever you think about their current va…”
Thomas BeattieSep 2, 2018▶ 15:571135 This app lets you use real money to compete with your friends in crypto, stocks
AssertionSupported
Beattie: Traditional advisors erode a third of lifetime wealth in fees
“With a traditional advisor charging you one and a half percent per year in total fees both what they're charging and the embedded ones in the products, that you're going to lose about a third of your wealth over your lifetime. When you look at a robo-advisor, …”
Thomas BeattieSep 2, 2018▶ 4:011135 This app lets you use real money to compete with your friends in crypto, stocks
PredictionHeld up
Beattie: Volio Will Become a Public Company
“We're going to become a public company.”
Thomas BeattieSep 2, 2018▶ 11:361135 This app lets you use real money to compete with your friends in crypto, stocks
AssertionNot checkable as stated
Beattie: Volio Has Over 1,000 Profiles and Hundreds of Active Users
“Yeah, but on our real platform, we've now got over a thousand people that have created profiles. Some of them are active in teams. We've got dozens of active clubs, hundreds of active users”
Thomas BeattieSep 2, 2018▶ 8:521135 This app lets you use real money to compete with your friends in crypto, stocks
Disclosure
Beattie: Volio Generated $2,500 in Revenue in 2017
“Our revenue last year was a mere 2500 dollars.”
Thomas BeattieSep 2, 2018▶ 11:391135 This app lets you use real money to compete with your friends in crypto, stocks
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