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"SocialPicks, the social network for investors, has raised $500,000 from Bay Partners, Venturebeat reports.  The site that launched early last year has become one of many in a growing market for social investors.  We took a look at SocialPicks when the site first launched.  \nYou may recall that it lets you choose the companies for your portfolio, and see how well they perform.  The wisdom-of-the-crowds approach comes into play when you see how your performance stacks up against other users, and you gain perspective from the ability to track other investors and analysts that are doing well on the site.  \nThe purpose of this is to allow you to get some insight for your actual stock decisions, though applying crowd wisdom to stock investments comes with its own set of risks.  SocialPicks was also smart to lend resources for search queries on various companies and interests.  While there are several similar financial communities out there (Covestor, SteamStreet, BullPoo), some with different twists on crowd wisdom and others with more financial involvement, SocialPicks is one of the few to receive funding.  "^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2007/12/14/socialpicks-funded/>