Bootstrapping in America on Tastytrade.com featuring iConsumer CEO, Rob Grosshandler.
If they helped baked the pie, and got to eat the pie, it’d be a pretty darn good pie.
We’re announcing our secret at The Money Show on February 7, 2019 in Orlando, Florida.
What a month it’s been! First and foremost, the SEC qualified our offering on June 13, 2018. Which means we’re able to award our stock again. So go shop. I firmly believe that the best way to increase iConsumer’s value is through increasing revenues and profitability. Next, consider investing in iConsumer. You get the experience … Continue reading Letter from the CEO – June 19, 2018
Growing companies quickly takes cash. We’re no different. Because our main way of doing that is our Reg. A+ offerings, and we’re not going to have an offering qualified by the SEC for some time to come (see this blog post) we’re raising money through a convertible debt offering. This should provide us enough cash … Continue reading Raising Money – Bridge Round
We need an SEC qualified offering statement (a Form 1/A) in order to raise money from ordinary people and to enable our members to earn and be issued our stock. We filed the latest version with the SEC on May 10, 2018. It’s filled with lots of information about your business, the risks we can … Continue reading Amended Offering Statement Filed – Updated 1/A
The other day, we had a shareholder express frustration with how long this process of making a real, publicly traded, business is taking. I shared her frustration. But then I got to thinking about what our expectations were (different from what we hoped for) when we started down this road. The Dropbox IPO really triggered … Continue reading How long should this take?
On Friday, January 26, 2018, we filed an offering statement with the SEC. Once the SEC has qualified it, which is taking about 4 weeks on average these days, we’ll be able to do two things. First, we’ll be able to issue shares to shareholders. And second, we’ll be able to sell shares to the general public. Unlike most … Continue reading Preliminary Offering Circular Filed / Share Price Increase
Overview We’re borrowing as much as $1,000,000 from investors. You can see our offering over at Crowdfunder, a site dedicated to matching accredited investors with companies like iConsumer that need cash to grow. The terms: $1,000,000 in convertible debt. Interest at 8%, accrued year one, payable quarterly years two and three. Maturity: 3 years. Convertible … Continue reading We’re raising money – Convertible Debt Offering
Overview – The CEO becomes a supernumerary This letter is later in the month than normal for a great reason. I took a holiday that was completely off the grid. Why should you care? Because iConsumer operated perfectly for two weeks without me. I successfully became an extra in the iConsumer play (at least for … Continue reading Letter from the CEO – May 2017