Yesterday our new CEO at Stocktwits took charge.
His name is John Melloy. Barry Ritholtz introduced me to John three years ago and we hit it off (I love Barry who is a Stocktwits investor and like me, not welcome on CNBC anymore). John was trained at Bloomberg, starting as a reporter and later ran the US stock desk. For the last seven years he was the the Executive producer of Fast Money and created their noon ‘Half Time’ report (best rated show on their network).
Sarah Lacy does a real good job at explaining the change and our vision. I am sure I told Sarah ‘I fired myself’, but in reality I stepped up to Chairman where I can focus on partnerships/sales and use the product more as the investor I like to be. With the help of all of all the Stocktwits past investors, we have raised enough money to grow Stocktwits for years to come. We are growing key metrics faster than ever and have had our first profitable quarter. Chris Corriveau has been our CTO from day one and am so glad he remains our steady hand that enables the magic to happen on our site and the mobile web.
I am excited to get John leading the Company. He has great media and team building experience and understands the power of Stocktwits as a new ‘human’ stock ticker. We share the same vision.
When we started Stocktwits, the financial world laughed at Twitter. As the Twitter for Stocks, let’s just say we were early. We created the $ TICKER (cashtag) and now we are proud to see it now everywhere from Twitter to Bloomberg to Google search. Today, Ben Bernanke mentions Twitter, they are a $40 billion public Company, and the financial world still mostly ignores them and Stocktwits.
I used to panic about all this, now I cherish it.
In 2008, there was no GNIP, no Zapier (wicked cool Stocktwits integrations) and I did not know an API from an RBI. The iPhone was just getting started and there was no Android. Today, I can consume trending tickers all day on my iPhone and work through ideas in real time with some of the best investors in the world. Today, Stocktwits has over 400 API partners pulling our streams and data to build and display.
The niche will be big in 2014 (I say that every year), but this time Fred Wilson agrees (read all the comments as it is a great conversation).
In 2014, you will see us improve/expand our search features, use email and mobile alerts in more interesting ways and make it easy for anyone that wants to share financial ideas or just banter, do so. If you want to be a good investor, you journal. It’s our job to make Stocktwits the best place to do that and the good news is, it helps us become the place for everyone who does not want to journal, to browse for ideas.
We are just getting warmed up. Thanks to the great community, the team of course and our patient investors for helping us get this far.