Fast Money

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Fast Money

‘Tech Angel’ Reveals Next Big Online Start-Up


Next-generation commerce could be the next big area of growth for social media start-ups, tech investor Jeff Clavier said Tuesday on. CNBC.

On “Fast Money,” Clavier spoke about, a “social media commerce” site that allows users to share items in which their interested. His venture capital firm, SoftTechVC, invested in the start-up a year ago.

Clavier said the company was focusing on capitalizing on the mobile platforms.

“One thing that is remarkable in that after such a short time, they already have over 40 percent of the activity on mobile phones, iPhones and iPads, and so if you look at the power of the new platforms, it’s really allowing you to build a following, a user base 10 times faster than it used to be.”

Trader disclosure: On Aug. 28, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Simon Baker is long AAPL; Simon Baker is long BAC; Simon Baker is long WFC; Simon Baker is long FB; Simon Baker is long SLW; Simon Baker is long TOL; Simon Baker is long P; Simon Baker is long YELP; Steve Weiss is short X; Steve Weiss is short AKS; Steve Weiss is short TCK; Steve Weiss is short JCP; Steve Weiss is short AAPL PUTS; Steve Weiss is short VALE; Steve Weiss is long QCOM; Steve Weiss is long MSFT; Steve Weiss is long HK; Steve Weiss is long BRCM; Steve Weiss is long WLP; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long F; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MO; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long XLU; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Guy Adami is long BTU; Brian Stutland is long YUM; Brian Stutland is long XLE; Brian Stutland is long XLK; Brian Stutland is long XLB; Brian Stutland is long VZ; Brian Stutland is long VIX; Brian Stutland is long QCOM; Brian Stutland is long PFE; Brian Stutland is long MSFT; Brian Stutland is long BP; Brian Stutland is long AAPL JAN 2013 PUTS; Brian Stutland is long GE; Brian Stutland is long CVX; Brian Stutland is long LLY; Brian Stutland is long JPM.

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