TODAY | November 15, 2012
>>> know them best as olympians of their long legal battle with mark zuckerberg , now the winklevoss twins are investing in a new website called huckster. good morning to all of you. nice to see you. before i get to this new venture, you know i've got to ask you about facebook. about 50% lower than the initial public offering. while some might think that's sweet revenge to you, you've got a lot of stock in that company, don't you?
>> we don't really comment on our holdings, but i think they did have a rough road, but it's a real company with real revenues, they've got real prospects.
>> bullish or bearish on the future, he's hinted to that, but do you think this company has an economic future?
>> i think it does, yeah, definitely.
>> you're right, you don't comment much on your holdings. talk about this new deal. you've got a company, you invest money in start-ups that you think are promising, this one's called huckster. before i get the why you invested, tell me about the site.
>> it's a platform that tracks products online and lets you know when they're on sale.
>> what's the major difference between this one and other ones that find deals for consumers?
>> the things that attracted them to the deal is we're not a social site. so this is a personal site where you can shop by yourself and everything's not being shared with everyone else.
>> so i want to buy a j. crew sweater, i pop that in and it keeps me posted on the price and the size and the style. how many retailers will be involved in this?
>> we have over 400 retailers right now that people have hucks at.
>> do you look and you've got -- i hope the number's correct, you invested, i believe $750,000 in this. or do you not comment on that also?
>> why this site?
>> so one of the things, if anybody's shopped online, they've sort of -- it sends so many untargeted, unwanted deals your way that your inbox gets cluttered. so the main thing about huckster, it pulls the deals that only you want and will only send you an alert on something that you huck as the price goes down.
>> when you show up at a meeting to invest or not invest, you come with a reputation, do you think that makes it more exciting for people like them? or do you think maybe some people worry about the baggage you come with, as well?
>> i think people see us as strategic investors. i think that's why they took our money and that's how we help companies with it.
>> good luck. good to see you guys. nice to catch up with you, and good luck to you, as well.