in a analytical and data driven decision making process
May 25, 2019
Through a transaction on the secondary market we invested in Freetrade;
In his book Zero to One, Peter Thiel, the legendary Silicon Valley investor, advise to invest just in companies that have a product that is at least 10.0x better than the second best;
FreeTrade app is 100.0x better than the existing trading platforms in the UK market;
Its free! It allowed people to trade UK and US stocks and EFT for free;
Its going to disrupt banks and existing trading platform that charge clients between £10 and £25 for the trade of a stock;
To give you an idea the cost to make a stock trade is similar to the cost of sending an email. Banks and trading platform are making 99% Gross Profit Margin from a trade:
Hargreaves Lansdown, 40% market share in terms of trading platform, generated last year a 63% (!!!) profit margin….
The trading experience is amazing and super easy;
It is an extremely well-designed app (and we love well designed and cool stuff);
The CEO and founder, Adam Dodds, is amazing and achieved a lot with the money raised so far;
If FreeTrade can achieve just 10% of what RobinHood achieved in the US, we are talking about a £1bn company in 3 years time.