“We don't stop at quickly shipping software that fits the market. We keep measuring it until the data says what to build next.”
Extriver Partners brings students from leading universities together to study markets, companies and software, then turns what they find into real products, creator-led businesses and investments.
Represented across
13
universities across the network
Published
24
research reports to date
Built
6
products shipped
Partnered with
10+
creator partnerships
Research markets before they move·Quantitative research, published openly·From a question to a shipped product·Venture and listed-equity investing·Research markets before they move·Quantitative research, published openly·From a question to a shipped product·Venture and listed-equity investing·
Work with the brightest students worldwide·Build software people actually use·Launch with creators and their audiences·Measure everything after launch·Work with the brightest students worldwide·Build software people actually use·Launch with creators and their audiences·Measure everything after launch·
Our Story
We started as a few students asking why good research so rarely becomes something people use. Today the same research loop drives a financial terminal, a consumer portal, games, creator products and a verified investment track record.
Market structure and sizing, consumer behavior and willingness to pay, and the audiences behind creators: who follows them, where they live, what they buy and why. Quantitative research, from factor models and ML-assisted valuation to sentiment and capital-flow analysis, turns each question into numbers we can test, publish and defend.
02BuildWe turn opportunity into software.
Every gap the research uncovers becomes something we can ship: consumer apps, financial tools and creator products built around real demand. Analytics and CRM are wired in from day one, so every signup, purchase and churn signal flows back into the research loop and tells us what to build next.
03InvestWe put capital behind conviction.
When the evidence is strong enough, we invest directly in the market and consumer theses we have studied, back the ventures that grow out of the opportunities we find, and research listed equities with the same discipline. Every position is documented, measured and reconciled, so conviction is earned long before it is expressed in capital.
Students
Learn by doing real work.
Research that gets published, code that ships to real users, and launches with creators, alongside members from 13 universities.
Join our mission of turning research into real value.
Are you a company, fund or foundation that wants to support student research and the products it creates? We would love to hear from you and discuss how we can work together.
Are you a student who wants to do real research, ship real software and learn from members across 13 universities? Join a team that turns markets into products.
We find opportunities in markets and turn them into real software and businesses.
After launch, we keep monitoring each product's data and financials to support its operations and growth.
The same quant and market-regime research also drives our Venture Capital and Public Equity Investment.
We combine Quantitative Research, Software Engineering, and Business Management into one platform that creates products, operates companies, and allocates capital.
01MARKET INTELLIGENCE
We read the market and design the next opportunity.
Real-time news and industry data, combined with trend analysis and quant models, tell us the current market regime.
From consumer behavior, industry growth, competition, capital flows, and structural shifts, we find products with real demand in today's market, not just trends.
Each opportunity becomes new software, a data product, or a digital business.
02CREATOR PARTNERSHIP
We make creators business owners, not ad channels.
We match each product with creators whose followers fit its customers.
Creators don't just promote. They run branding, marketing, customer communication, and operations as their own small business.
We provide the technology and operations that turn their Audience, Trust, and Distribution into real, lasting revenue.
03CONTINUOUS INTELLIGENCE
Launch is not the end. It is where data collection begins.
We guarantee continuous monitoring after hand-off. Revenue, conversion, acquisition cost, retention, marketing efficiency, costs, and cash flow are analyzed automatically to forecast performance.
When something goes wrong, we find the cause in the data and propose the fix.
Researchers from SKY and Ivy League universities support creators with industry, competitor, and financial analysis and strategy.
04PRODUCT ENGINEERING
We turn market insight into real products.
We quickly build what research finds: web services, AI tools, data platforms, and automation, each shaped to the customer's problem.
Usage and operating data keep refining features, pricing, user experience, and the business model.
ResearchBuildMeasureImprove
The result: products built to grow over the long term, not just MVPs.
05DISTRIBUTION ENGINE
We minimize the distance between product and customer.
Creators' existing communities are our first distribution network.
Follower, content, purchase, and conversion data show which creator and product pairs will perform best.
Creator × Product × Data
Instead of big ad budgets, we run our own growth engine: more growth brings more data, and better next launches.
06CAPITAL INTELLIGENCE
The research that builds products also finds investments.
By analyzing industry growth, earnings, valuation, regimes, macro variables, and capital flows, our systems find investment opportunities in both private and public markets.
Early-stage opportunities lead to venture capital investment; analysis of listed companies leads to equity investment.
New industries reveal companies, companies reveal new markets, and in those markets we build again.
At its core, Extriver Partners is a research society. Our members come together to study markets, companies and software, and to share that work through published research.
Character
Software and business research society
Publications
Research published by Extriver Partners across four disciplines.
What we focus on
Four research areas, one question behind each: where is real value forming before the market prices it in?
Quantitative Research
Signals that survive out of sample
We focus on models that still work on data they have never seen: regime detection, factor exposures, and machine-learning forecasts that are tested across thousands of companies before any of them is trusted.
Industry & Economic Research
Following capital before it moves
We focus on the forces that decide which industries grow next: long-term yields, commodity cycles, policy shifts, and order backlogs, read together rather than one headline at a time.
Trend Research
Where attention turns into spending
We focus on the moment an audience becomes a market: what people watch, save, and finally buy on each platform, and which creators move them from interest to purchase.
Product & Venture Research
From opportunity to a tested product
We focus on proving demand before building: sizing the market, comparing business models, and testing unit economics until the decision to build, partner, or invest is clear.
1 / 4
Want to request research?
Tell us the market, company, or question you want studied. Our team will reply with how we would approach it.
All-in-one financial terminal for Korean investors: quotes, news, company research, portfolio, backtesting, quant, derivatives, and macro indicators in Korean, in one place.
Korean product and culture portal: free ingredient analysis and verified review data for Korean products, monetized through brand listings and banner ads.
AI assistant for parents: an age-adapted 28-question child temperament assessment, 40 analysis cards, and LLM guidance grounded in PubMed references, in four languages.
Every product launches into an audience that already exists.
We are partnered with more than ten influencers. Their audiences are our first distribution channel, measured and matched to each product before launch.
10+Partner influencers
500K+Average views per post
18M+Peak views on a single post
Featured partners
3M+combined followers across featured partners
@superdupercataiStory.aiAI comics
Followers
75.7K
Posts
33
Freshly squeezed AI comics every day! Launched by Extriver.
@lovesoostrongLOVE SOO · @lovesooofficalFood & lifestyle creator
YouTube subscribers
593K
Instagram followers
151K
TikTok followers
381K
I'm Soo, a 50-year-old Korean woman living in the United States, married to a younger man, and starting a whole new chapter of my life. Here, I share my everyday life: Korean cooking, cozy meals, fitness, marriage, friendships, and honest conversations about healing, growing older, and finding strength again. Life doesn't stop at 50.
YouTube channel description
FoodLifestyleYouTube · Instagram · TikTok
69–90% women · U.S.-led · 48.5M TikTok viewers in 60 days
YouTubeLast 28 days · views
Gender
Women 81.4%Men 18.5%
Age range
13–175.7%
18–2411.8%
25–3440.0%
35–4426.0%
45–5411.1%
55–643.9%
65+1.5%
Top countries
United States40.9%
Philippines6.4%
India6.2%
Subtitle / CC language
No subtitles/CC93.5%
English6.3%
InstagramSample reel · viewers
Who viewed
Non-followers69.8%
Followers30.2%
Gender
Women 90.4%Men 9.6%
Age range
13–173.6%
18–2415.6%
25–3439.7%
35–4426.8%
45–5410.8%
55–642.6%
65+1%
Top countries
United States61.1%
Canada7.3%
United Kingdom3.1%
Australia2.6%
Malaysia2.1%
TikTokLast 60 days · Aug 5 – Oct 3
Total viewers48.5M+9.3M (+23.9%)
New viewers37.8M+29.3M (+345%)
Gender
Women 69%Men 29%Other 2%
Age range
18–2445.4%
25–3438.1%
35–449.8%
45–544.5%
55+2.2%
Top countries
United States22.6%
Philippines8.8%
Saudi Arabia4.5%
Canada4.3%
South Africa4.0%
Most active: Saturdays, 10–11am.
Source: YouTube Studio, Instagram Insights and TikTok Analytics, October 2026.
Research runs on production software: data pipelines, models, APIs, and applications connected in one feedback loop.
04
Product Engine
07
Each stage activates the next. Every cycle starts with more data than the last.
01RESEARCHFind a measurable opportunity.
02MODELQuantify demand, pricing, and economics.
03PROTOTYPETest the smallest working version.
04SOFTWAREBuild the production system.
05DISTRIBUTIONLaunch through creator networks.
06DATACollect usage and financial data.
07OPTIMIZATIONFeed results into the next cycle.
05
Product Modules
03
Examples of what the system produces.
M-01
Quant Research Dashboard
Monitor regimes, factor exposures, and signals in one view.
User type
Researchers, portfolio managers
Research layer
Regime model · factor model
Software layer
Data pipeline · API · web app
Business outcome
Faster, documented investment decisions
M-02
Business Modeling Engine
Compare business models for a market before building.
User type
Product teams, founders
Research layer
Market sizing · pricing research
Software layer
Simulation engine · reporting
Business outcome
Fewer failed launches
M-03
Creator Distribution Tool
Match products to creators and track performance after launch.
User type
Creators, operators
Research layer
Audience & conversion analysis
Software layer
Matching engine · analytics dashboard
Business outcome
Revenue from existing audiences
1 / 1
Module names and specifications are illustrative.
03
Portfolio
Not every market we find becomes software.
Some opportunities are best captured as capital. When our research finds a company before the market does, we back it as a venture investment; when it finds mispriced value in the public markets, we take a position in listed equity.
Venture investments and listed equity positions selected through the same research system that drives our products.
Total value created
₩241,900,000
Total profit
₩176,000,000
Venture capital deployed
₩150,000,000
Active holdings
2
MOIC
3.67×
Listed CAGR (TWR)
34.3%
01
Venture Capital
01
Early-stage companies identified through market, product, and business-model research.
Featured investmentVenture
Afformation
An early-stage company identified through the market and product research process that also drives our own software. The investment reflects the crossover between our product research and venture capital.
Research processMarket intelligence → Business-model research → Product validation → Investment
Sector, business model, and thesis details for Afformation to be added.
02
Public Equity
04
Listed companies selected through quantitative, regime, macro, and financial analysis.
Verified track record · Kiwoom Securities statements · Oct 2021 – Oct 2026
₩241.9M
Total value created from ₩65.9M of starting capital: ₩176.0M of profit, of which ₩85.0M has already been withdrawn.
3.67×Multiple on invested capital
+336%Cumulative returnKOSPI +102%
34.3%CAGR, time-weightedKOSPI 15.1% · +19.2%p a year
32.1%IRR, money-weightedAfter every deposit and withdrawal
87%Winning exits20 of 23 sells · profit factor 12.6×
Growth of ₩100Extriver listed portfolioKOSPI
Monthly returns36 of 61 months positiveProfit by position₩175.6M
Samsung Electronics₩105.5M · 60.1%
HD Hyundai Heavy Industries₩61.6M · 35.1%
Korea Zinc₩5.6M · 3.2%
Daehan Shipbuilding₩2.8M · 1.6%
Nota₩0.1M · 0.1%
Featured investment005930 · KOSPI
Samsung Electronics
The position was built around the memory cycle. Inventory, contract pricing, and AI-related demand indicators pointed to a recovery before it was reflected in consensus earnings.
Accumulated 1,000 shares at ₩55,400–57,200 between November 2024 and January 2025, then scaled out as the stock re-rated to ₩354,000. 400 shares are still held at an average cost of ₩182,496.
Research processRegime model → Industry cycle analysis → Valuation scenarios → Position sizing
Holding period
Nov 2024 – Present
Realized return
+115%
Unrealized
+30.1%
Profit
₩105,500,000
Thesis type
Cyclical / Growth
Industry
Semiconductors
Public Equity329180 · KOSPI
HD Hyundai Heavy Industries
Shipbuilding upcycle driven by fleet replacement and LNG carrier demand, identified through regime and order-backlog analysis.
Industry
Shipbuilding
Holding period
Jul 2023 – May 2026
Entry → avg. exit
₩139,800 → ₩337,387
Return
+142%
Profit
₩61,600,000
Trade log (9)
Buy310₩139,800
Sell110₩208,000
Sell50₩230,000
Sell50₩218,000
Sell5₩461,000
Sell50₩612,000
Sell15₩596,000
Sell10₩436,500
Sell20₩655,000
RegimeOrder backlogMargin cycle
Public Equity005930 · KOSPI
Samsung Electronics
Memory-cycle recovery positioned with inventory, pricing, and AI-driven demand indicators.
Industry
Semiconductors
Holding period
Nov 2024 – Present
Avg. buy → avg. sell
₩105,332 → ₩158,466
Return
+115%
Profit
₩105,500,000
Trade log (12)
Buy400₩55,400
Buy600₩57,200
Sell400₩71,800
Sell160₩154,725
Sell100₩205,000
Sell90₩180,400
Sell80₩210,500
Buy300₩210,500
Sell40₩354,000
Buy70₩352,500
Sell100₩325,000
Held400₩237,500
Memory cycleValuationMacro
Public Equity010130 · KOSPI
Korea Zinc
Strategic-metals exposure and ownership-structure events evaluated with financial and scenario analysis.
Industry
Non-ferrous Metals
Holding period
Oct 2021 – Oct 2024
Avg. buy → avg. sell
₩575,143 → ₩614,964
Return
+14%
Profit
₩5,600,000
Trade log (5)
Buy40₩552,000
Buy30₩606,000
Sell35₩454,500
Sell20₩778,000
Sell15₩772,000
ScenarioCommoditiesGovernance
Public Equity439260 · KOSPI
Daehan Shipbuilding
Mid-size tanker builder within the same shipbuilding regime, sized as a secondary cyclical position.
Industry
Shipbuilding
Holding period
Aug 2025 – Jun 2026
Avg. buy → avg. sell
₩70,916 → ₩73,447
Return
+3%
Profit
₩2,800,000
Trade log (7)
Buy30₩89,200
Sell30₩83,000
Buy1,000₩68,080
Sell201₩95,649
Sell299₩87,800
Buy150₩86,163
Sell650₩59,538
RegimePeer analysis
Source & method
All figures reconcile to Kiwoom Securities transaction statements (Oct 2021 – Oct 2026; prices as of 12 Oct 2026). Return is profit divided by the cost of shares sold, net of commissions and transaction tax; profit includes dividends and, for open positions, unrealized gains. Also traded: Nota (486990 · KOSDAQ), an IPO round-trip in Nov 2025 for +₩0.1M. USD figures converted at ₩1,400.
We are a student organization!Extriver Partners is run by university students.
TEAM
Researchers, engineers, and operators working across markets, technology, and product.
18People12Institutions4Departments3Regions
Institutions represented
A global research network
18People
11Institutions
3Departments
3Regions
Across New York, Boston, Waterloo, Seoul, and Hong Kong.
01
Leadership
03
Institution direction, capital allocation, and governance.
Founder
Hyeonbin Jung정현빈
Quantitative Research / Engineering
Founded Extriver Partners to connect quantitative research, software engineering, and business operation in one system. Leads the institution's research direction and engineering.
Research focusQuantitative research · Market regimes · Software systems
EducationColumbia UniversityB.S. Candidate, Computer Science and Mathematics
LocationNew York
Financial Research
Seowon Cho조서원
Financial Research Lead
EducationSeoul National UniversityB.A. Candidate, Economics
LocationSeoul
Legal Audit
Indeok Seo서인덕
Legal / Audit
EducationPOSTECHB.S. Candidate, Computer Science and Engineering
LocationPohang
02
Heads
02
Research and engineering leadership across the institution.
Name / RoleEducationPreviousLocation
Yeonghyeon Shin신영현
Software Engineer Head
Korea University
B.A. Candidate, Economics
SeoulHead
Duhyeong Yun윤두형
Operations & Community Lead
Head
03
Developer
05
Models, data infrastructure, and the software systems that run our research and products.
Name / RoleEducationPreviousLocation
Kevin Zhang
Software Engineer / Machine Learning
Massachusetts Institute of Technology
B.S. Candidate, Computer Science and Engineering
BostonDeveloper
Arjun Mehta
Software Engineer / Data Infrastructure
University of Waterloo
BCS Candidate, Computer Science
WaterlooDeveloper
Yeonwoon Jeoung정연운
Software Engineer / Engineering
Hong Kong University of Science and Technology
B.Eng. Candidate, Mechanical Engineering
Hong KongDeveloper
Minjun Park박민준
Software Engineer / Software Engineering
KAIST
B.S. Candidate, Computer Science
DaejeonDeveloper
Jiwoon Baek백지운
Software Engineer / Electrical Engineering
University of Toronto (St. George)
B.A.Sc. Candidate, Electrical Engineering
TorontoDeveloper
04
Research
06
Quantitative, market, industry, and economic research across asset classes and sectors.
Name / RoleEducationPreviousLocation
Eunsung Seo서은성
Research / Statistical Modeling
Columbia University
B.A. Candidate, Statistics
New YorkResearch
Seyoon Jung정세윤
Research / Market Research
Hanyang University
B.S. Candidate, Electrical Engineering
SeoulResearch
Junyong Moon문준용
Research / Industry Research / Aerospace
Embry-Riddle Aeronautical University
B.S. Candidate, Aeronautical Science
Daytona BeachResearch
Jitae Jin진지태
Research / Biotech & Healthcare
The Catholic University of Korea College of Medicine
M.D. Candidate, Medicine
SeoulResearch
Younghoon Kong공영훈
Research / Accounting / Investment
Sogang University
B.B.A. Candidate, Business Administration
CredentialsCPA · Certified Investment Manager
SeoulResearch
Jiwon Min민지원
Research / Business Research
Korea University
B.B.A. Candidate, Business Administration
SeoulResearch
05
Partner Manager
01
Creator and business partnerships across products and portfolio companies.
Name / RoleEducationPreviousLocation
Jia Choi최지아
Partner Manager / Partnerships
Boston University
B.S., Pre-Medicine / Pre-Medical Studies
BostonPartner Manager
06
External
02
Outside researchers who work with Extriver on specific projects.