New YC Startup: Buxfer
buxfer.com
New YC Startup: Buxfer
1–10 of 23 posts
Re: New YC Startup: Buxfer
#2I really like the ability to just use my existing accounts, it was enough to have me take a little look around.
Re: New YC Startup: Buxfer
#3If my bank allows it, can you access my bank account?
I think this is a great idea that can even upstage Quicken.
I stopped using Quicken - it is a pain to have duplication.
However I cannot annotate my transactions with my bank. (this cheque was a donation for charity http://lydiapress.com).
As a result, actually, I dont keep track of my account (shouldnt confess this here!)
Yes, it is a great idea because IF I GIVE YOU READ-ONLY ACCESS TO MY ACCOUNT, WHY SHOULD THE BANK CARE? WOW!
Re: New YC Startup: Buxfer
#4I'm imagining two intersecting lines. The positively sloped line represents the amount of time saved increasing as transactions of this kind increase. The other negatively sloped line is the cognitive overhead of using the system, i.e. higher when the number of transactions is small. I'm trying to figure out where exactly they cross, because while I like the system in theory I can't really see myself using it, at least at the moment.
P.S. Congrats on launching to the founder(s).
Re: New YC Startup: Buxfer
#5Congrats to the founders for building and launching a very nice-looking site.
At this point though, I'm more likely to use something like wesabe for keeping track of my spending since it understands my existing online bank accounts rather than requiring me to enter transactions by hand - that seems like a killer feature to me since my spending these days is overwhelmingly electronic.
[disclaimer: I haven't used either tool. My opinion is based only on having seen the online demos.]
Re: New YC Startup: Buxfer
#6Wow, I have a half implemented (and nowhere near as nice-looking) version of this app on my computer. I guess I should have searched a little deeper before starting to convert my finance spreadsheet to a web app... back to to brainstorming for me.
I suppose I better sign up, then!
Re: New YC Startup: Buxfer
#7Looks a little too cartoony for a financial app. Actually, umm, if Windows media player looked like this, I'd say the same thing: Too cartoony. Just to give you a baseline.
Re: New YC Startup: Buxfer
#8I read Buxfer's review on TechCrunch earlier today; congratulations to YC and the founders on getting featured there! :) The site looks great but they have some tough challenges ahead since Buxfer is coming late in this market.
The key is to resist the temptation of copying features off their larger competitor (Wesabe) and build something different. I think a great lesson we have all learned from Reddit is that a startup can survive in the face of tough competition merely by filling the gaps left by their larger competitor. So far Buxfer seems to have done a great job at it :)
- Jawad Shuaib
Re: New YC Startup: Buxfer
#9I think it looks great. Well done taking the concept and getting it to the "just right" stage without overdoing it. The start page/index is perfect- in 5 seconds I know pretty much what it does and whether or not it's something that I've been waiting for.
Does anyone over there mind if I ask what the plans are for monetization? Paid subscriptions at some point? Tie-ins with other financial institutions like credit card companies? Ads? (it looks like too clean of a site for that, but I'm sure you could make it work if that's the plan).
Re: New YC Startup: Buxfer
#10Congrats to the founders for building and launching a very nice-looking site. At this point though, I'm more likely to use something like wesabe for keeping track of my spending since it understands my existing online bank accounts rather than requiring me to enter transactions by hand - that seems like a killer feature to me since my spending these days is overwhelmingly electronic. [disclaimer: I haven't used eithe…
This is Ashwin - one of Buxfer's founders. Glad you liked the look of the site.
We do allow you to import transactions from your bank and credit card accounts - provided they are in Quicken or Microsoft Money format. Integrating directly with banks is on the cards as well.
One of our goals (besides tracking shared expenses) is to be able to better reason about cash transactions. Our experience as students indicated we spent close to 30% of our income(!) on coke and coffee combined. To capture all these little transactions, we allow reporting expenses via text-messages. (More ways coming soon!) Ultimately the goal is to understand *all* your expenses completely at a central location.