The Web's Gift to Consumers
The following commentary is from an investment professional with Clear Harbor Asset Management who is a participant in TheStreet's expert contributor program.
NEW YORK (TheStreet) -- No, the video above is not from Saturday Night Live. It's an advertisement for a real start-up company that has raised $1.1 million in funding from some gold-plated names in the venture capital industry, like Kleiner Perkins Caufield & Byers, Forerunner Ventures and Andreessen Horowitz.
It's not on television, but you've probably seen it already because the clip has gone viral on the Internet, racking up nearly 3 million views on Google's (GOOG) YouTube and nearly 12,000 "Likes" on Facebook (at the time of this writing) since it was launched less than a week ago.I have no idea whether Dollar Shave Club will be successful, but this video interests me as a testament to the democratizing power of the Web and its promise to challenge powerful, entrenched interests and unleash more innovation that can improve our lives and grow our economy. Over a decade ago, the stock market got caught up in a fit of irrational exuberance about how the rise of digital communications was going to change the business landscape. The result for investors back then was painful, but the wild expectations that fueled the tech bubble are, in many cases, still being fulfilled. In spite of all the advantages that large, blue-chip companies enjoy -- their vast marketing machines and armies of lobbyists in Washington, D.C. -- the Internet is, in many cases, turning into a big headache for them and a boon to their customers. The social nature of the Web gives consumers new ways to scrutinize and criticize the products and services they're receiving from companies and the prices paid for them. New ventures that can offer better alternatives have unprecedented opportunities to harness this to their advantage, challenge market leaders and grab market share.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV