Seeking Alpha is community for financially savvy investors launched in early 2004 by founder David Jackson. They are based out of New York and received an undisclosed round of financing from Benchmark Capital in September 2006. In November 2009 they completed a series B round with new investor DAG Ventures leading the round and full participation from existing investors Accel and Benchmark.
In September 2006, they announced a deal with Yahoo to include their content in Yahoo Finance with no profits being shared either way. They subsequently announced a similar partnership with Nasdaq.com. Seeking Alpha earns revenue by placing ads on their website.
When you go to the site you find that it’s not a news aggregator, like TechMeme, in that Seeking Alpha uses editors to hand-pick articles from over 5000 contributors. Seeking Alpha’s editors select interesting articles, edit them to guarantee quality and consistency, and arrange and tag them so they can be easily found and subscribed to by stock ticker, sector and theme.
The articles are written by investors, which include hedge fund managers and financial newsletter authors. Seeking Alpha’s editors select articles with the following readers in mind: money managers, investment bankers and individual investors.