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News and Information Article
Company Makes Stock Market Content From Blogs and Money Managers Accessible
to Investors
NEW YORK, Sept. 12 // -- Seeking Alpha, the leading online
publisher of stock market opinion and analysis, today announced that it
secured funding from Benchmark Capital. The company will use its new funds
to scale operations and increase distribution for its financial content.
Seeking Alpha provides investors with a practical solution for managing
the growing volume of stock market blogs and online financial content.
Seasoned editors verify the quality of the online source and content, edit
articles for consistency, tag them by stock ticker, sector or theme for
easy access, and fill key coverage gaps with proprietary content. Directing
investors to the best financial content on the Internet saves countless
hours in research time and generates unprecedented exposure for bloggers,
money managers and newsletter authors.
"Seeking Alpha has a disruptive business model that could revolutionize
the financial content industry and generate enormous exposure for money
managers, newsletter authors and consultants," said Michael Eisenberg,
general partner at Benchmark Capital. "We believe that success in online
publishing requires a deep understanding of and passion for the vertical in
which a company operates, and we found those qualities in the
stock-market-obsessed Seeking Alpha team. Their passion comes through in
the quality and breadth of content they offer, and will serve as a catalyst
for investors to explore the wealth of financial knowledge, analysis and
insight that is now available to them online."
"We are delighted to announce that Benchmark has chosen to invest in
Seeking Alpha," said Seeking Alpha CEO David Jackson. "The Benchmark
worldwide team has a wealth of Internet expertise which will help us pursue
our vision to transform financial publishing. The capital allows us to
expand our editorial team, invest further in our web and email publishing
platform, and expand the proprietary content we offer, such as our free
transcripts of public companies quarterly conference calls and our daily
One Page Annotated Wall Street Journal Summary."
Seeking Alpha was founded in 2004 by David Jackson, who began exploring
new modes of financial publishing after working as an equities research
analyst at Morgan Stanley. "Alpha" is a finance term referring to a stocks
performance relative to the market, so "Seeking Alpha" means attempting to
beat the market. Seeking Alpha publishes more than 60 articles per market
day, covers more than 4,000 stocks and has the broadest and deepest
available coverage of exchange-traded funds (ETFs).
About Seeking Alpha
Seeking Alpha is the leading online publisher of professional stock
market opinion and analysis. Seeking Alphas editors select, edit,
tickerize, and categorize submissions from more than 200 money managers,
finance professionals and industry experts from their blogs, newsletters
and direct submissions to seekingalpha.com. Seeking Alpha also publishes
conference call transcripts, annotated summaries of leading news reports
such as the Wall Street Journal and Barrons, excerpts from IPO filings and
a regular housing market roundup, all at no cost to readers. Seeking Alpha
provides more comprehensive coverage and in-depth analysis than traditional
media outlets, currently covering more than 4,000 stocks and ETFs. The
company is privately-owned and funded by Benchmark Capital. For more
information, visit: http://www.seekingalpha.com.
About Benchmark Capital
Benchmark Capital was founded in 1995 to help talented entrepreneurs
build great technology companies. Benchmarks partners take a
team-oriented, labor-intensive approach to venture investing to deliver a
superior level of service to the firms portfolio companies. Benchmarks
portfolio includes franchise companies such as eBay, Equinix, Handspring,
JAMDAT, Juniper Networks, Red Hat, and ZipRealty. Managing more than $3
billion in committed venture capital, Benchmark focuses on investing in
entrepreneurs with original ideas. For more information on Benchmark, visit
its website at http://www.benchmark.com.
Editorial Contact:
Stephanie Gnibus
GMK Communications
408.776.9727
stephanie@gmkcommunications.com
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