Predictify, for crowd-sourced predictions, raises $4.3M
One of several startups that asks users to do poll-style votes in order to predict the future, Predictify is most notable for its partnership with the New York Times blog Freakonomics.
These sites are popping up everywhere. Most recently, we covered Xpree, which lets companies tap into the collective wisdom of their employees, and the Industry Standard, a former magazine that now asks readers to predict events like whether Yahoo will accept Microsoft’s acquisition offer.
Predictify doesn’t focus on any particular category, instead allowing any sort of question to be asked. It rewards accurate predictors with cash.
The $4.3 million funding was provided by Sierra Ventures and Sherpalo Ventures, according to Mashable, which first reported the investment. It was the Redwood City, Calif. company’s first full round.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.