Ashton Kutcher’s Latest Hot Start-Up Investment

by InvestorPlace Staff | April 12, 2012 11:02 am

Ashton Kutcher’s Latest Hot Start-Up Investment

Hollywood actor Ashton Kutcher is also an active investor and promoter of hot tech start-ups. And his latest investment[1] is in a company called Dwolla.

Funny enough, the startup isn’t based in Silicon Valley. Actually, it’s in the seemingly nontech city of Des Moines, Iowa. But perhaps it’s a quiet environment for coders to get more done, right?

Dwolla has developed a mobile payment system, which is focused on providing lower costs for merchants. However, the competition is fierce.  The company must deal with rivals  like Intuit (NASDAQ:INTU[2]), Google (NASDAQ:GOOG[3]) and eBay’s (NASDAQ:EBAY[4]) PayPal.

But Kutcher’s involvement should be a huge help. His high profile — as well as his prolific tweeting (he has over 10 million followers) — should get much exposure for Dwolla.

Endnotes:
  1. investment: http://www.usatoday.com/tech/news/story/2012-04-11/ashton-kutcher-invests-dwolla/54180684/1
  2. INTU: http://studio-5.financialcontent.com/investplace/quote?Symbol=INTU
  3. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  4. EBAY: http://studio-5.financialcontent.com/investplace/quote?Symbol=EBAY

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