Jason Kincaid currently works as a writer at TechCrunch. He grew up in Danville, California and later moved to Los Angeles in Los Angeles, California, where he studied biology with a minor in "society and genetics". You can contact him at jkincaidtc@gmail.com (it has other addresses too, so don't worry if you have another). ? Read More
If you ever tried to trudge through SEC filing (or most financial transactions, for that matter), you know that it can be tedious and sometimes confusing process was hampered by excessive legalize and too small font sizes. Now MarketBrief, with the support of the Y Combinator company resume today, has a solution: he looks through the SEC filings for you, then gathered key data to automatically generate a simple English (well, almost plain) version, which sounds more like a newspaper article than a legal document.
You may already be familiar with the start in if you are dealing with a large number of documents the SEC — a company originally started as SECWatch back in 2009, when he served as a relatively simple function: it will monitor public SEC filings for new updates and make these documents easy to access.
This new version goes much deeper. It still allows you to quickly find any papers, recently added SEC, but instead just to present to you the document in its original form, MarketBrief will automatically generate more convenient article based on important data. Reports are created in a few seconds after they've passed the SEC, although MarketBrief sometimes has the human view them to ensure the accuracy of the (presumably this will decrease with time). MarketBrief allows users to access 10 articles for free and then charges $ 9 per month.
And it's not just a service for fans of either — co-founder Jason Zucchetto, Chris Auer and Michael Shafrir noted that some experts had to deal with the headaches.
At this time, the company supports the automatic creation of articles for about half of SEC filing types 500 or so, and it continues to increase to support the other. In addition to those which the company hopes to eventually branch out into other applications, both from the FCC, FDA and other government agencies. In the long term, the company also plans to develop a deal with the AP to provide additional content, so that it could eventually compete directly with sites like the WSJ and CNNMoney.
Because the site has been around for a while in a simpler form, it already uses some movements — he was more than 110 000 visitors in August with a 20% increase month over month. And it has some strong SEO juice with auto manufactured articles, sometimes very ranking in Google search results for their respective companies (MarketBrief said that they had already been a few companies actually complain about official documents that they do not want so easily treated; they do not perceive them).
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