DISQUS

VentureBeat: Wesabe raises $4M for social expense management online

  • Marc Hedlund · 2 years ago
    Hi, Matt,

    Thanks much for the post. One comment: we announce last week that our users have entrusted well over half a billion dollars in transactions to our site. See https://www.wesabe.com/page/press/halfbillion for more information. In contrast, Buxfer, which you mention, shows on their home page that their users have entrusted $36.4 million in transactions to their site.

    Thanks again.
  • Matt Marshall · 2 years ago
    Marc, I didn't mention that because it doesn't say much at all. All you need is one larry page to upload his transactions -- and it could be a fake larry page, for all we know -- and you'd have $12 billion in transactions.

    Matt
  • Marc Hedlund · 2 years ago
    I take your point, Matt. We do think the number is meaningful, and have focused on it since we think that the biggest question people have had about Wesabe is whether anyone would upload their data -- not whether they would register in the first place -- and we think this shows that they will. But I can see why you would have that concern, and as with any metric, taking it
    skeptically makes sense. Thanks again for the post.