Comments on: Wesabe, a Web 2.0 service to keep your finances straight http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/ News About Tech, Money and Innovation Wed, 25 Nov 2009 09:59:47 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: Personal Auto Insurance http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-577054 Personal Auto Insurance Sat, 13 Oct 2007 19:15:29 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-577054 Hello webmaster, This is just what I was looking for! <a>personal auto insurance</a> Hello webmaster, This is just what I was looking for! personal auto insurance

]]> By: Marc Hedlund http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-6887 Marc Hedlund Fri, 24 Nov 2006 17:29:29 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-6887 This is great! You're all helping discourage any potential competitors! :) I completely understand why people would make the objections they do above. I'm glad for it -- if everyone were willing to throw personal financial data on any site that asks for it, the world would be much worse off. I do think, though, that these comments are typical of people who haven't looked at the site and what we offer. What we're hearing from the people who give it a try -- even without uploading their data -- is that they love it. Of course there are early bugs to work out, but there's a lot of value in what we're doing and we hear that repeatedly every day. On the question of data security and privacy, I'd encourage you to check out our "Data Bill of Rights" (linked on our home page) -- we've taken a strong stand on this, and we think this will help make the service more usable. Worth a look. Thanks for the write-up, and I hope you'll give us a try. -Marc This is great! You’re all helping discourage any potential competitors! :)

I completely understand why people would make the objections they do above. I’m glad for it — if everyone were willing to throw personal financial data on any site that asks for it, the world would be much worse off. I do think, though, that these comments are typical of people who haven’t looked at the site and what we offer. What we’re hearing from the people who give it a try — even without uploading their data — is that they love it. Of course there are early bugs to work out, but there’s a lot of value in what we’re doing and we hear that repeatedly every day.

On the question of data security and privacy, I’d encourage you to check out our “Data Bill of Rights” (linked on our home page) — we’ve taken a strong stand on this, and we think this will help make the service more usable. Worth a look.

Thanks for the write-up, and I hope you’ll give us a try.

-Marc

]]> By: ZingIT » Blog Archive » Wesabe - Web 2.0 meets personal finance http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-6885 ZingIT » Blog Archive » Wesabe - Web 2.0 meets personal finance Fri, 24 Nov 2006 15:07:39 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-6885 [...] Wesabe reviewed at Wired, Lifehacker, Gigaom, BoingBoing, OpenSourceCU, VentureBeat, PersonalFinanceZen, A Whole Lotta Nothing, Consumerist, LunchMeet (video interview), [...] [...] Wesabe reviewed at Wired, Lifehacker, Gigaom, BoingBoing, OpenSourceCU, VentureBeat, PersonalFinanceZen, A Whole Lotta Nothing, Consumerist, LunchMeet (video interview), [...]

]]> By: Martin Edenström - www.what.se http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-6884 Martin Edenström - www.what.se Fri, 24 Nov 2006 14:11:53 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-6884 And we thought Gmail was daring? Tssks. No way this will work. And we thought Gmail was daring? Tssks. No way this will work.

]]> By: Swapan http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-6861 Swapan Wed, 22 Nov 2006 18:08:11 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-6861 Wesable service reminds me of Yoodle and myCFO.com in mid 1990s. Both the companies had a very similar value proposition. Yoodle had a very hard time convincing consumers to share their personal and financial information with them, since Yoodle was not a financial institution, hence no oversight. They ended changing the business model and became a service/software provider to financial institutions like Fidelity. Wesable will face similar issues. Web 2.0 (technology) is just an enabler, but the business issues remain the same as they were in mid 1990s. Wesable service reminds me of Yoodle and myCFO.com in mid 1990s. Both the companies had a very similar value proposition. Yoodle had a very hard time convincing consumers to share their personal and financial information with them, since Yoodle was not a financial institution, hence no oversight. They ended changing the business model and became a service/software provider to financial institutions like Fidelity. Wesable will face similar issues. Web 2.0 (technology) is just an enabler, but the business issues remain the same as they were in mid 1990s.

]]> By: Leon http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-6847 Leon Wed, 22 Nov 2006 08:55:35 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-6847 I have to smile on this one. :) Hmmm. Put my credit info on a web site that I don't know. And get strangers to help me with my finances. Some day I might. But definitely not today. I have to smile on this one. :)

Hmmm. Put my credit info on a web site that I don’t know. And get strangers to help me with my finances.

Some day I might. But definitely not today.

]]> By: Farhad http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-6841 Farhad Wed, 22 Nov 2006 02:41:25 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-6841 My understanding is that the community aspect is around reducing expenses, such as auto insurance, groceries, stock trades, as well as perhaps to higher interest rate accounts, etc. Not sure I buy the value prop either, unless the core is really around ease-of-use. The tagging would help there. My understanding is that the community aspect is around reducing expenses, such as auto insurance, groceries, stock trades, as well as perhaps to higher interest rate accounts, etc. Not sure I buy the value prop either, unless the core is really around ease-of-use. The tagging would help there.

]]> By: Pran http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-6840 Pran Wed, 22 Nov 2006 01:01:08 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-6840 Why would you put your personal info online? Well, everyone said similar things about Salesforce. Why would any company put their sales info online? Its certainly a stretch at this point. But then you never know. Not everyone uses quicken or other such software. A tie in with financial institutions will be a must for this company. Otherwise, its a scary thought at best from an end user perspective. Why would you put your personal info online? Well, everyone said similar things about Salesforce. Why would any company put their sales info online? Its certainly a stretch at this point. But then you never know. Not everyone uses quicken or other such software. A tie in with financial institutions will be a must for this company. Otherwise, its a scary thought at best from an end user perspective.

]]> By: Andrei Marinescu http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-6839 Andrei Marinescu Tue, 21 Nov 2006 22:41:52 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-6839 I'm not sure that I fully buy into the web 2.0 value that exists in this space - are most people really going to benefit from receiving questionable advice from others like them (vs. a professional financial advisor)? Why not use the MoneyCenter application offered by Yodlee (and used by a number of financial institutions, including Bank of America)? It offers tagging, tracking, bill reminders and a calendar - just no community aspect. I’m not sure that I fully buy into the web 2.0 value that exists in this space – are most people really going to benefit from receiving questionable advice from others like them (vs. a professional financial advisor)? Why not use the MoneyCenter application offered by Yodlee (and used by a number of financial institutions, including Bank of America)? It offers tagging, tracking, bill reminders and a calendar – just no community aspect.

]]> By: Harish Babu http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/comment-page-1/#comment-6838 Harish Babu Tue, 21 Nov 2006 22:12:41 +0000 http://venturebeat.com/2006/11/21/wesabe-a-web-20-service-to-keep-your-finances-straight/#comment-6838 Interesting Concept. But as you mentioned, I won't be able to trust the site unless my Bank website displays "Wesabe" affiliate. Interesting Concept.

But as you mentioned, I won’t be able to trust the site unless my Bank website displays “Wesabe” affiliate.

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