Stockpickr.com’s Deal With TheStreet.com
Stockpickr is a new investing site founded by two New York City hedge fund managers and is giving a boost to all companies in the “investing 2.0″ sector today with their announcement of a partnership with a leader from the first generation of the web investment sector, TheStreet.com.
Stockpickr took an equity investment from TheStreet pursuant to the deal, although the size of the investment is not being disclosed. The deal also includes extensive advertising on the stockpickr site and featuring of the stockpickr service on the Street.com web properties. This partnership with TheStreet is quite obviously a big deal for stockpickr. Anyone in this space who can somehow tie itself to the ubiquitous Jim Cramer (The Street’s largest stockholder) is bound to benefit.