CafeStocks, another attempt at social investing

CafeStocks is yet another startup trying to marry social features and Indian stock market investing. The goal is to use wisdom of the crowds for buying and selling stocks. Users can collaborate and seek out opinions and ask questions related to any particular stock.  Each user can maintain their virtual portfolio and based on the performance of their portfolio, earn karma points.

While there’s little novelty regarding the concept, the problem lies with CafeStocks’ poor execution. Be it design, content or utility, the site feels somewhat lacking – I guess they should have waited some more time to seed content before opening it to the public. Without proper focus and execution, it may vanish into oblivion, especially since others seem be executing quite well.

Similar Posts

• Blogvani – An awesome Digg like site for Hindi content
• Social investing startup MoneyVidya kicks ass
• MarketHero: Indian stock market investing goes social

Comments

One Response to “CafeStocks, another attempt at social investing”

1. sameer says:

   May 28, 2008 at 6:35 am

   Well said parnav,, execution is what really matters as more and more palyers come in this space. Buth others are not doing that great as well.

   market hero have over done ajax and many things don’t work on many browsers.

   I would say khelostocks is better that way. They are a simple and clean website with some content as well as you mentioned.