The New York Times on Wesabe

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The New York Times has a great write-up about Wesabe today, written by their Google beat reporter, Saul Hansell:

Wesabe looks like a social version of Quicken personal finance software. As you look at your bank statement, you see tips about individual merchants contributed by other members. Soon it will turn into a sort of Zagats for everything, showing which restaurants, car repair shops and so on are popular with members. (Users can mark merchants that they patronize but don’t like. Do cell phone companies come to mind?) […]

Marc Hedlund, Wesabe’s co-founder chief product officer, said the idea is to be a reverse credit bureau.

“In the same way that credit bureaus aggregate data about you to decide whether to extend credit to you, we aggregate data about businesses to see whether you value them,” he said.

I had a fantastic time talking to Saul, since he has gone from covering banks and finance to covering Google and Yahoo, and has a deep understanding of both what we’re trying to do with Wesabe, and what we’re up against to get there. It’s very satisfying to talk with someone who immediately sees the landscape and can call out its features from long familiarity. I set a couple of gentleman’s bets with him about some of our assumptions, which I look forward to collecting in the years to come. 🙂

We’ve had a great few weeks at Wesabe, with coverage in the Wall St. Journal and now the Times, the close of our funding round, the Online Banking Report “Best of the Web” award, and (most importantly) some excellent new features and fixes going up on the site. I continue to be amazed at how much email we get from Wesabe users encouraging us and talking about their experiences with the site. Thanks for all the positive feedback — and for the criticisms and suggestions, too, which are just as helpful. We’ll keep doing everything we can to respond to that feedback and make the site better using it.

4 Responses to “The New York Times on Wesabe”

  1. David Knight Says:

    You guys are on fire! Thanks again for everything your crew does and best of luck with your “steeper hill”. Luckily you’re in the Bay Area where people have a history of overcoming such obstacles.

  2. The KnightKnetwork Says:

    Wesabe featured in NY Times…

    Congratulations to everyone over at Wesabe, they are really on fire these days! This article in the New York Times is just the latest in a series of good news for the social personal money mangement site including their recent $4 million in funding, c…

  3. Brian Mulloy Says:

    Well done Mark and crew! Keep it going.

  4. moe hong Says:

    As a new Wesabe user, I read that article (2 years old) and saw references to business ratings, but don’t see that on the site anywhere.

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