| It's probably a bit gnarly to market it so closely with OnlyFans, makes me think it's associated with them. Might be careful of a lawsuit there if it blows up. If I was OnlyFans, I would definitely try to get you to change your name/cease and desist/etc. I do think the name works though, it's provocative and for the audience that would use this (not HN) it's probably fine and more relatable than "Patreon for X" There is a huge asymmetric information problem (I don't know if you are telling the truth about your trades until I pay to see them), which exists on OnlyFans too, think of the Bella scandal, and if you as the platform give out any info (daily/month returns), you are leaking the persons alpha. OnlyFans gives almost 100% of the trust building exercise to the creator and doesn't really try to solve this problem but there is a lot less at risk there. Thinking about how to game this, this makes me think I should: 1. Collaborate with some people to get one profitable account and sign up with many different profiles marketed as different people, monetizing that "source of alpha" many many times.
2. If I am an influencer, I can sign up and charge a ton for access "for this month" and monetize way more than I do off of my trades. I just keep going on and off the platform so I don't have a history.
3. I think one of the draws of the discord community is the engagement and community. One of the things that WSB showed us is that, yes it's about making money, but there are a ton of other purposes outside of that. I think you're right in that you are competing with those discord servers, but a point of disintermediation could be that we just go to discord instead of me paying to see your trades here AND I get to interact with you. https://fundseeder.com/home did something like this about 7-8 years ago where you could get a track record to show to investors. I see they've pivoted now and I think the core thing here is that it's really about the creator more than "following trades and making money." I would focus on the people more than the alpha. i.e. Instead of marketing to the demand "follow your favorite creator so you can make money" market to the supply "We give you tools to connect with and monetize the community you have already built" Like everyone says, if you really wanted to make money, you would just invest in an index fund. |
Perhaps this could also just extend into a Discord webhook where creators/mods can get a live stream of their trades into the channel. This might be the best of both worlds.
And lastly, yes. I agree that index funds are the best way to invest but trading & stock picking is fun. There's always going to be a large segment of the population that's going to try it and want as much information to help them make money.