We’re hiring! Email me (josh at covestor dot com) if interested. Our investors include Union Square Ventures and Spark Capital.
Vice President of Product, New York
Covestor is hiring a VP Product based in our New York office.
We are looking for a senior professional to take ownership of an industry changing, web-based, consumer finance product. The VP Product will be responsible for setting the product strategy and road-map and working with a Project Manager and team of engineers to successfully execute it. The VP Product will work closely with the CEO to refine the product strategy and achieve the Company’s core business objectives.
Specific responsibilities include:
Conducting user research and delivering a first class, highly effective user experience
Standardizing the product development process
Writing the product roadmap, prioritizing and writing business requirements with sufficient detail for technical implementation
Managing needed internal and external resources – e.g. interaction designer, copywriter, graphic designer
Collaborating with the technical development team to deliver the best product possible
Skills This role is ideally suited for someone experienced in building world class products and in shaping the direction of a highly disruptive web based service. The candidate does not have to have a background in financial services but will be able to operate in a fast paced start-up.
As the key member of a small team you will want to grow a financial services company from the ground up. The right candidate will be self motivated and hard working, adaptable to change, not afraid of getting their hands dirty and working both with others and autonomously. Rather than being an institutional fund provider, we are an internet business catering to clients that expect greater control and transparency. We are looking for a candidate who can reflect and communicate that ethos.
Key Competencies - Role Specific
The position calls for an ambitious and experienced product marketer
Demonstrated success in building a compelling consumer proposition
Experience building multi-functional online products
Key Competencies - Generic
Instinctual understanding of needs of financial consumers
Excellent interpersonal, and relationship-management skills
Ability to self-manage and work autonomously
Drive and enthusiasm
Benefits of Role
Key employee with control over significant budget
Potential for significant growth in the role as core part of Covestor offering
Part of a highly motivated team
Company Overview Covestor Investment Management (CV.IM), an SEC registered investment advisor, offers its clients a better alternative to a mutual fund. It provides a managed account service, previously only available to those with millions of dollars invested with a wealth management firm, where one can invest alongside any brilliant self-directed individual or professional investor.
CV.IM is the transactional platform of Covestor (covestor.com) the leading online real-trade sharing service that lets any committed investor, individual or professional, build a track record, establish a fund and benefit as if they were a professional money manager.
Covestor is led by a team with successful start-ups under their belt and backgrounds from Amazon, Goldman Sachs, McKinsey and Microsoft. The company is a venture backed start-up with offices in London and New York.
To Apply Applicants with relevant experience should send their resume to jobs1009 [at] covestor.com
Please do not apply if you are not eligible to work in the USA or unable to attend an interview in mid-town Manhattan, New York.
In 2001, a PowerBook G4 would have set you back $3500. Suppose instead that you had purchased $3500 in Apple stock instead of the computer…that stock would now be worth about $110,000. Even an original iPod’s worth in AAPL ($399) would be worth almost $12,000 today. (via)
Posts like this have been floating around the blogosphere over the past week as they’ve reached new highs. But the “I’d have X if I invested Y in Z” is a stupid game to play. It’s just not how it works. If you invested money in AAPL in the past, you’d probably have sold it when the gains became attractive. Do you think you’d really have had the balls to hold the position after you doubled your money? It’s unlikely.
You can play this game with basically any stock, especially after the ridiculous decline and correction in 2008-09. If you put $1000 in Ford (F) in November 2008, you’d have $9000 now. Bank of America would have turned $1000 in March 2009 to $3500 today. But in both situation’s, you’d probably have done what I did and sold for 10-20% gains, because as they say, “Bulls make money, Bears make money, Pigs get slaughtered.”
I’m glad everyone is realizing you can make money in the stock market, (you might want to try Covestor Investment Management), but the backtesting game is dumb.
“This week, Arizona signed the toughest illegal immigration law in the country which would allow police to demand identification papers from anyone they suspect is in the country illegally.
I know there’s some people in Arizona worried that Obama is acting like Hitler, but can we all agree there’s nothing more Nazi than saying “Show me your papers”? There’s never been a World War II movie that didn’t include the line “Show me your papers.” It’s their catchphrase - every time someone says “Show me your papers,” Hitler’s family gets a residual check.
I know, I know - it’s a dry Fascism. But it’s still Fascism.”—
I picked up my pre-reserved 16GB WiFi iPad on Saturday morning from the Apple Store in SoHo. Those that say ‘it’s just a large iPod Touch,’ have it backwards. The iPod Touch is a small iPad. I think the iPod and iPhone we’re probably just the opening acts, allowing an application marketplace and familiarity with Apple’s touch technology to develop before dropping the mother load.
The iPad is the greatest consumer electronic of our generation, and most of the negative talking points are overblown. Without repeating what’s been said in the myriad of other iPad reviews, here are my thoughts on the device, and responses to the most frequent criticism.
The single most important aspect of the iPad is it’s ridiculously long battery life. I think this is the most significant game changer and I’m surprised we’re not reading more about this in reviews. As you may have read, the 10 hour battery life that Apple advertises is actually a conservative estimate. I used the hell out of it all day on Saturday and it was still at 33% when I went to bed. The days of ‘my battery died’ are going away and it starts with iPad, the first device ever on which you can play video on a single charge for more than 10 hours. I can’t think of a mobile device that can even do half that.
When you realize that Battery Life is the most important feature on the iPad, other details seem fall into place. For example, the reason for the absence of Adobe’s Flash technology on the iPad probably has more to do with battery life than philosophy. Flash web elements use a ton of CPU resource and drain battery life. And Flash really isn’t as necessary as you think. The only website that I wanted to view but couldn’t was CollegeHumor (their video player is flash-based), but then I remembered that they have an iPhone version that doesn’t use flash, and I got my Hardly Working fill there. With so many sites iPad ready on day 1 (CNN, NYTimes, Vimeo, etc.), flash is probably on its way out. Using flash always seemed like cheating to me anyway.
The same battery life argument explains the No Multitasking problem, too. When you run applications in the background, they use CPU and drain battery power. But as long as the application holds your place when you close it and makes proper usage of iPhone OS Notifications (a feature that allows closed applications to notify you of an event), I think its a worthy trade off. After all, this is a not meant to be your work computer. It’s a consumption device. There are moments when multitasking would be nice… like when I get the sound notification that a new email has arrived while playing a game. I can’t see that email without ending my game, and that’s a problem, but one I’m happy to deal with to never have to bring a charger with me.
Flash and Multitasking aside, the complaint I hear most about the iPad is it’s lack of openness. Apple is the gatekeeper and they decide what applications gets on the device. This, people argue, makes it a closed platform, fundamentally different from the PCs we grew up on which allowed us to tinker and experiment. Exploration now requires paying money in the app store, they claim. Heresy! Or maybe it’s just the way it should have always been…
The iPad is a controlled environment as a means to make it the tightest, simplest, and least buggy user experience it can be. Apple’s bad reputation for latency on approving apps is one based on poor execution, not philosophy. I agree that Apple should 10x the speed of its application approval process, but I like that they have to approve applications before they get on the device.
The single biggest problem with Windows PCs is that every application you install takes ‘digital poops’ in hidden places like the system registry and you cant really effectively clean up after them without special tools or expertise. The long term effect of this is computers getting inexplicably slow (Best Buy’s very profitable Geek Squad is a result of this exact symptom). It’s not just the malicious applications like adware/spyware/etc that do this, either. But Apple has been able to avoid this problem by toilet training it’s applications. You simply cannot install an application in iPhone OS without going through Apple’s approval process (without hacking it, that is). The centralized installation point also serves as the perfect uninstallation point, where deleting an app is as simple as X’ing the icon on the screen. No more explaining to grandma that she only deleted the shortcut and not the actual program or that despite being a computer expert, you can’t really make her computer faster without reformatting the HD and starting from scratch.
I believe the app store, though closed/moderated/policed/whatever actually inspires innovation more than quells it. Today’s young minds can build applications that are available from any iPhone OS device with just a couple of clicks. No compatibility .dll java runtime, etc. bullshit to worry about. Just a simple legislated experience. That is a good thing. And the context of an open marketplace levels the playing field, making millionaires out of talented developers, like the Doodle Jump Brothers. That would not happen without the App Store. It reminds me of eBay. I got my start in internet business selling stuff online. eBay, while prescribing ofttimes stringent rules, gave me a way to compete with big players in a controlled environment.
So it seems like I’ve gone on a bit of a ramble here, and thank you for finishing it. Now go buy an iPad.