How I gained 25% by investing in one particular startup
Buying Instructure stock the day they IPOed turned out to be a great investment as their stock has now increased 25%.
Woke up at 6:30am on 11/13 (I’m based in Seattle) to catch the NYSE opening hours and the moment Instructure was listed on the stock exchange, I bought shares for $17. Instructure is now at $21–22. That’s about 25% gain!
25% is a very good return on investment. But how could I have known that they’ll do well once they IPO? Well, I’ve been tracking their growth for quite some time. According to the StartupSort growth score, they’re #9 out of 1,000+ startups that we’re tracking. How could have I not bought stock knowing that they’ll be listed on NYSE?!
I’m pleased to see that the StartupSort algorithm is a good indicator of a startup’s potential. Happy holidays and see you next year!
Paul, co-founder of StartupSort