David McDonough, Commonstock
Commonstock allows retail investors to coordinate their stock trades for greater transparency and recently raised a $10M seed round with Floodgate and QED. The founder shares his thoughts
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Commonstock is a platform for investors to coordinate their stock trades, follow the investments of friends and family, and engage in communities for greater knowledge stock market sharing and transparency.
David McDonough, the founder and CEO of Commonstock, shares more on the origin story of the company. Commonstock raised a $10 million seed round with Floodgate and QED in 2020. This conversation takes place at an interesting time in the public markets with retail investors driving the stock market. In the week before this interview, heavily shorted companies, such as Gamestop and AMC, saw their stock prices grow exponentially through coordinated trades made by retail investors on Reditt. David shares his thoughts on these events and the future of Commstock.