Ramsey Shaffer is co-founder of Babbl.dev. He grew up in Faribault, MN and attended college at the University of Minnesota, where he earned a Bachelor of Science in Systems Engineering and a Master of Science in Data Analytics. Ramsey spends his time between Minneapolis, St. Cloud, and Red Wing, MN.
While in college, Ramsey and Sam Cartford were given the opportunity to develop a method to measure “the effects of financial news on the stock market without the noise of individual bias.”
From this college project, Babbl was formed. Babbl is an “algorithm with the capabilities to measure stock mentions and language correlations across thousands of daily, online scraped financial news articles.” DIY stock market investors use Babbl to stay updated on what is going on in the market. “Babbl quantifies the sentiment of each article about each stock, so you know which news is worth reading, avoid FOMO, and feel more confident in how you invest.”
“Our mission is to synthesize everything being written everywhere online to answer one simple (yet elusive) question about the stock market: ‘What does everyone think?’”
As Ramsey reflects on the highs and lows of Babbl, he explains that the high points of his entrepreneurial journey so far have been winning the Red Wing ignite competition and qualifying for the semifinals of MN Cup. Ramsey states, “Both have really forced us to solidify our business plan / presentation deck, strategize about what we’d like to accomplish over the next months, year, etc., and most importantly: forced us to get somewhat good at talking with people about what we’re building and finding potential customers!”
Ramsey shares that the lowest point would be, “letting go of two of our early team members recently after coming to the agreement that neither side was particularly happy with how things were going. In hindsight, it seemed inevitable, and it ultimately helped us to rethink how we approach certain day-to-day aspects of running a start-up and has made us more agile.”
When asked about how the community can support Ramsey and Babbl, Ramsey states, “We’re looking for (free) beta testers and advisors to help us turn our basic idea into a scalable product that can help millions of people conquer the news. I’d gladly talk on the phone for 10-15minutes with ANYONE who’s interested in giving feedback on our website in its beta form.”
“Life and business isn’t always perfect; it’s about making it better as you go!”