AskMarkets Launches Prediction Market For Crunchbase. Who's Going To The DeadPool?

Saturday, December 6th, 2008

J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995), and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

Greek startup AskMarkets, which lets users create and participate in non-cash prediction markets of any kind, has created a prediction market for startups in CrunchBase.

The application lets users bet on the chances any particular startup will be acquired, get additional funding or head to the deadpool in the next year. An example: users say Animoto has a 51.5% chance of being acquired, a 25% chance of being funded and a 23.4% chance of deadpooling. I bought some shares of “get acquired” because I love this startup’s focus on on making one product perfectly while competitors wander.

I also created my own market for TechCrunch as a startup. Yep, I’m trading on inside information.

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