Over the past few months I've had a chance to exchange a few emails with Zach Blatt, the founder and CEO of Blattistics. Last week we were able to do an interview via email.
Company:
Blatt Financial, LLC
Name: Zach Blatt
Title: Founder/CEO
Email: contact(at)blattistics(dot)com
Give us the 30-second elevator pitch on your company
Blattistics sells investment models to individual investors. We sell customizable regression models starting at $15. Regression models are simple equations that look at historical stock prices and express the price of a stock as a function of the prices of other stocks. For instance, if you track a small oil company, you can design a regression model that predicts its price based on the S&P 500 price and Exxon Mobil's share price. This can be used to identify whether this stock is overvalued or undervalued. Our models can also provide insights into how risky your portfolio is to changes in the market or in a specific sector. Customers receive these models in a spreadsheet form via an email before the next trading day. Blattistics models allow you to have the insight of a hedge fund manager, without having to invest thousands of dollars in information services.
Tell us about the founders, who they are, backgrounds, and why they are passionate about your company
Blattistics was founded in spring of 2009 by me, Zach Blatt. I'm a member of the class of 2011 at Dartmouth College majoring in Economics and History. I'm originally from Bedford, NH. I'm something of a stock market hobbyist, and I had the idea for Blattistics when I realized how difficult it was for individual investors to construct simple statistical models. Things that excite the average person have no effect on me.
Football Dancing with the Stars? No thanks.
Fancy restaruants Concerts? I'll pass. Linear regression models? Now you're talking....
[Editor's Note: I added the last little bit prior to publishing the interview, and received the following from Zach: "Just one thing--I'm an avid Patriots fan and am a conneiseur of restaurants. If you can change "Football" to "Dancing with the Stars" and "Fancy Restaurants" to "Concerts" that would be appreciated." The College Startup Blog in no way meant to offend Patriots fans (despite the Cowboys obviously being the superior team), or foodies. The College Startup Blog regrets the error.]
Do you have funding? How much?
Blattistics is self-funded from an initial $300 investment. Because of low operational expenses, we do not anticipate seeking additional funding sources. We have already recouped our initial expenses including incorporation expenses.
What are your startup’s goals for this year?
We'd like to penetrate a much greater percentage of the individual investor market over the next several months. As such, we are monstly concerned with attracting visitors to
www.blattistics.com. We believe that our products can help investors consider more quantitative approaches to investing, and better design their own investing strategies. We would like to expand our product lines and provide more useful models for individual investors over the next several months.
If you've got questions or comments for Zach, feel free to drop him a note at the email address at the top of this post or drop a line or three down in the comments.
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