Announcing dub's Public Launch

Blog

February 23, 2024

Announcing dub's Public Launch

Launch Details

dub officially launches today - 2/22. And we're making a big splash by announcing our fundraise, our product launch, and our regulatory licenses. Please read below for more information on our press information and deep dive into what we do, who we are, and why today is so special.

Relevant Launch Information

CNBC Exclusive: Our CEO, Steven Wang, launched dub live on CNBC's Last Call for a TV exclusive. Watch here.
Launch Press Release
LinkedIn Launch Annoucement
X (Twitter Launch) Announcement
Instagram Launch Announcement
dub Explainer Video
dub Media Assets

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Why do we need dub?

The rise of commission-free investing and social media has revolutionized the way people invest - it's no longer about sitting behind a bunch of screens and watching numbers but following influential people and ideas. We've seen this with meme stocks, crypto, and new star investors like Cathie Woods. But the system lacks trust - those same narratives lost retail billions when they came crashing down.

People need a way to easily copy someone else's investments with full transparency. This experience already exists - but only for the ultrawealthy. They can give their money to the Goldman Sachs of the world or invest in a top Hedge Fund and watch their wealth compound - effectively picking a professional to invest for them. The average investor deserves the same experience. And that's dub.

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What is dub?

dub's built the first platform where you can copy someone's investments automatically in a single tap while seeing their validated performance. Or you can be the investor who gets copied by creating and sharing a portfolio, or a basket of stocks like an ETF. Simply open a dub brokerage account, deposit funds like you would with Fidelity, and you're ready to start copying or being copied.

By providing a platform for investment talent to showcase their expertise and enabling others to copy their portfolios, we’re democratizing access to the world of asset management and hedge funds. dub is like eBay for investing.

The ultimate vision is a decade from now, people won’t be picking stocks. They will be picking people to copy on dub. We’re at the precipice of a new movement - and reimagining the world of fund management.

Important to note is dub is also the first broker-dealer, member FINRA, to offer copy-trading to US investors.

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Who can you copy?

On day one, a group of influential investors recognized dub as a platform to showcase their investment portfolios to get copied. This group is comprised of renowned investing personalities on X and SeekingAlpha, as well as current and former hedge fund managers from firms like Millennium Management. Eventually, you'll be able to copy other dub users as well. While we don't endorse or recommend any particular creator, dub aims to enable any investor, from a budding college talent to the biggest hot shot manager on Wall Street, to offer their portfolios on dub.

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Our Team

dub is a team of ~20 passionate builders and operators with deep expertise in building broker-dealers, trading systematic investment strategies, and running multi-thousand-people organizations. We've helped build and worked at many household names in the industry, and we're excited to tackle a groundbreaking new way to invest.

We're also surrounded by a world-class group of advisors: founders and C-suite executives of companies like Robinhood, Coinbase, Ramp, Google, and more.

dub was founded in late 2021 by our CEO, Steven Wang, a 22-year-old Harvard dropout. He sold his first company in 2019 after leaving high school. Other leadership includes Brett Chereskin (COO), Justin Ramirez (CCO), and Justin Reich (VP of Engineering).

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Our Fundraise

dub is excited to officially announce our $17mm Series Seed financing for the company, led by Tusk Venture Partners. They're joined by other top-tier investors, like Slow Ventures, Neo, Scribble, K5 Global, Alumni Ventures, Graph, and Dorm Room Fund.

Angel investors include Dara Khosrowshahi (CEO of Uber), Nathan Rodland (Co-founder of Robinhood), Emilie Choi (COO of Coinbase), Bill Capuzzi (CEO of APEX), Ryan Tedder (OneRepublic Frontman), Roger Ferguson (Fmr. CEO of TIAA), Charlie Johnston (Fmr. President of Morgan Stanley Smith Barney), Alex Rampell (General Partner at Andreessen Horowitz and Co-founder of Affirm), Stephanie Zhan (General Partner at Sequoia), Kathryn Haun (CEO of Haun Ventures), Lachy Groom (Founder of LFG Ventures), Dan Nathan (CEO of RiskReversal), Anthony Kontoelon (Partner at Azura), Dan Gilbert's Detroit Venture Partners (Quicken Loans Founder), Steven Nadel (Panrter at Seward & Kissel), Ryan Sarver (Fmr. General Partner at Redpoint), Reza Behfrooz (Vice President of Engineering at Google) and more.

If you're interested in making copying the way retail investors invest, please reach out at info@dubapp.com. We love working with ambitious and passionate people who care about our mission.

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"This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, investment advice, a recommendation, or an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any security offered by DASTA Incorporated (DBA dub or its affiliates (together “dub”)). Images and video content are shown for illustrative purposes only and are shown to reflect user experience and features available on dub. Past performance is not indicative of future results. Advisory services provided by DASTA Investment, LLC (“DASTA Investments”), an SEC-registered investment adviser. Brokerage services provided to clients of DASTA Investments by APEX Clearing Corporation (“Apex”), an SEC-registered broker-dealer and member of FINRA/SIPC. The registrations and memberships above in no way imply that the SEC, FINRA, or SIPC has endorsed the entities, products or services discussed herein. Additional Information is available upon request. © 2022 DASTA Incorporated. All Rights Reserved."

© 2024 DASTA Incorporated (“dub”). All Rights Reserved.App images are for illustrative purposes only and do not reflect actual portfolio performance. App experiences may vary. All investments involve risk of loss and past performance of a security or portfolio does not guarantee future results. You should consult your legal, tax, or financial advisor before making any financial decisions.
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Advisory and Brokerage Services: Advisory services provided by DASTA Investments, LLC, an investment advisor registered with the Securities Exchange Commission (the “SEC”). Brokerage services provided by DASTA Financial, LLC, to retail customers for US-listed, registered securities and ETFs on a self-directed basis. Clearing services provided by APEX Clearing Corporation (”APEX”). Both DASTA Financial and APEX are SEC-registered broker-dealers and members of Financial Industry Regulatory Authority (“FINRA”) and Securities Investor Protection Corporation (“SIPC”). APEX has additional insurance coverage in excess of the regular SIPC limits. Additional information here. Public information about DASTA Financial, CRD No. 316477, and its membership with FINRA is available through FINRA’s Broker Check at brokercheck.finra.org or via telephone at (800) 289-9999. The registrations and memberships above in no way imply that the SEC, FINRA, or SIPC has endorsed the entities, products or services discussed herein. This site is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any of the copy features associated with the app. Securities products offered by DASTA Financial are not FDIC insured.
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Fractional shares: Fractional share amounts are unrecognized and illiquid outside the app and are not transferrable to another brokerage account. For more information please see our Fractional Share Disclosure.