i202 Fall 2010 School of Information, UC Berkeley

Marc Hedlund, co-founder of Wesabe, recently wrote a blog post offering insight into why Wesabe failed and its competitor, Mint, succeeded. The two web applications, which launched within a year of each other, both aimed to help users manage their personal finances. While Wesabe enabled users to tag stores and transactions and took a more community-oriented approach, Mint automatically categorizes information as it is imported from various financial institutions.