Rikki

Covestor and VesTopia: Winners and Losers from Peer to Peer Investing

Hi Ralph

I'm one of the 3 co-founders and acting CEO. There are tons of issues we haven't touched on - particularly that elephant in the room - regulation. Its also mind-numbingly complicated to treat an individual account like an institutional hedge fund and maintain a normalised approach (ie take out cash flows for buying a car or getting a bonus) and maintain standardized performance metrics inline with GIPS. But that doesn't make for very compelling reading.

The only other important factor is maintaining privacy - all data is normalized to percentages and members can have screen names. So while the track record you build is auditable and verified a participant can remain anonymous to other users and not reveal their net worth.

Cheers Rikki