Quiver Quantitative
👤 James & Christopher Kardatzke (Twin brothers. James interned at a Boston hedge fund building alt-data feeds, then rebuilt that exact edge for the public.)🌐 site𝕏LinkedIn
Two college twins turned messy government filings into the alt-data feed retail investors and CNBC now rely on.
Will it work? · our read
Distribution wins. Anyone can scrape the same public filings. Quiver won by being the name reporters cite and the feed retail trusts — trust and distribution, not data, are the wall.
01How the money moves
Parse messy public filings: Congress trades, insider sales, gov contracts
→
Free dashboards + media citations pull traffic
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Convert to $25/mo Premium + paid API
02The numbers
$2M+ ARR
profitable
IB Madison
750K+
registered users
IB Madison
5,000+
paying at $30/mo
IB Madison
750K free users draw about $2M ARR — under 1% convert to the $30/mo Trader tier. A textbook freemium data play. IB Madison profile
$2M+ ARR, profitable, 750K+ registered users, 5,000+ paying (IB Madison).
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You've seen how the money moves, the numbers, and every source — free, on all 365 cases, always. Members get the part you can't look up: why it won · where the moat really is · how it dies · how it beats its rivals — plus the 🚀 launchpad prompt that turns any case into a plan for your business.
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(demo: preview the full teardown)Sourcesupdated · daily
IB Madison — Doubling down on data — company profile stating over $2M ARR, profitable, 750K+ registered users, 5,000+ paying at $30/mo.On Wisconsin — Helping Small Investors — origin story, hedge-fund internship, earlier 300K+ users figure (2022).BizTimes — Quiver closes $2 million funding round — funding detail.quiverquant.com — free tier, $25/mo Premium, media-citation logos (CNBC, Bloomberg, FT).Alpaca podcast #008 — James Kardatzke — founder interview on how they started.
Revenue "over $2M ARR, profitable" is press-reported and founder-attributed in company-profile interviews (IB Madison, On Wisconsin/UW alumni mag), corroborated across two named outlets — but it is NOT a filing or live dashboard, so treat it as a rounded, company-stated figure (sourced STATED). User counts: the older On Wisconsin/BizTimes figure (300K+, 2022) is now stale — the same IB Madison profile used for the ARR figure reports a more current 750,000 registered users and 5,000+ paying subscribers at the $30/mo Trader tier, so we use that fresher figure throughout. The 2020 founding date is from the same press; the $25/mo Premium price and media-citation logos are verified first-party on quiverquant.com. Funding was about $2-2.5M (BizTimes reports a $2M round; Tracxn lists $2.52M over 2 rounds), so this is lightly VC-backed, not pure bootstrap. The moat framing (brand and distribution matter more than the public data) is our read [inference], grounded in the fact that rivals scrape the identical public filings. The "dies" legislative angle is real 2026 news, but flagged medium confidence: Quiver sells 40+ datasets, so a Congressional-trading ban would dent the viral funnel, not kill the business. We never score you.