All this tells us that Internet investing is alive and well. The ideal Internet candidate would be reasonably priced and have a market niche of its own not subject to the fierce competition that s evident in some areas. It should have well defined growth prospects and a solid balance sheet. We d like the company to be well enough funded to withstand the difficult stretches that are likely for any participant in this new industry. May. But that offering raised enough money to carry the firm to profitability and, we think, substantial growth.
Management has a clear and credible plan to achieve that growth.
The founders had a relatively simple but bright idea to mine free, public information and extract data that people wanted in an easy to use form. This was not a unique idea by any means, but today it can be done much more cheaply and efficiently with modern computers and data base software. In the old days, analysts and serious investors had to order copies of company SEC filings, incur substantial costs and wait for the documents. Or else they could visit the SEC library or one of the few other libraries that kept microfiche copies of filings. You can access all this information for free at the SEC s own web site.