Stock Market Prediction Startup Estimize Raises $1.2M Series A

Estimize, a site where users try to beat Wall Street analysts by accurately predicting public company earnings, has raised $1.2 million in Series A funding. The company was founded by Leigh Drogen, formerly of StockTwits. Drogen has described Estimize as the quantitative flip side to StockTwits: Instead of aggregating general commentary and conversation about stocks, Estimize asks users for specific estimates about a company's earnings per share and revenue, and then it averages those estimates. Using the wisdom of the crowd, Drogen hopes to provide better predictions than the analysts.

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