Leigh Drogen Bailey McCann, Opalesque New York:
Earlier this year, Opalesque reported on Estimize, a company that is opening up analysis of public companies by letting any user contribute data. Through the community, Estimize has been able to beat sell-side analysis over 60% of the time. Now, the company is providing similar data on private companies.
"It's going to be really interesting to see how this is received, we got a lot of inbound on this so we rolled it out quickly, to be responsive," says Estimize Founder and CEO Leigh Drogen in an interview with Opalesque.
Estimize will start with the data of 7 big private companies, Twitter, Hulu, Square, Airbnb, Pinterest, Palantir, and Etsy. So far they've been using some historical data, and will revise as they get new information like an F1. Members of the analyst community on Estimize can also contribute their own data.
"What we're doing is giving the market a baseline, there are a set of analysts out there that cover private companies and the technology peanut gallery that can reliably put together an expectation of revenue for the next few quarters given current growth rates."
"There are things private companys are going to like about this and things they’re going to hate about it. If you’re twitter and you’re going to go public over the next couple of ye......................
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