What a story! It’s hard to turn on the TV these days without seeing an ad for Rakuten, the re-branded eBates. I would be very happy if our story turned out to be similar (if shorter). eBates was founded in 1998. It was sold, for about $1,000,000,000 (that’s Billion), in 2014, to Rakuten (a Japanese … Continue reading The journey of eBates / Rakuten
In 2019 we’re building upon two themes. Scale up and scale out.
For about 11 months of the year, iConsumer is all about you. How you can save money when you shop, how you can earn rebates, and how you can learn to be a better investor, especially in a public startup. We ask you to share the story of iConsumer, so that more people can have … Continue reading Giving Tuesday 2018
I have two asks of you. This is an open letter, because the asks, while directed at early investors, involve the buying and selling of iConsumer stock. It’s important that everybody gets equal notice of what we’re suggesting people do to make it possible for ordinary people to get a slice of the American Dream. … Continue reading An open letter to early investors
Overview No real highlights this month, more normal progress. The small victory was hearing from FINRA that they are actively reviewing our submission. This update is basically the same as last month’s. Nothing stupendous to report, just putting one foot in front of the other, making sure we’re ready for the holiday crush. Marketing – … Continue reading Letter from the CEO – November, 2017
On Wednesday, September 26, 2017 we held our first webinar around shareholder education. You’re invited to view it. Comments and questions are always welcomed.
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 Three highlights this month. First, over 42,000 member / shareholders have joined iConsumer. Second, our FINRA application made progress. Third, our focus on revenue is beginning to bear fruit. Marketing – Member Growth 42,000 Members! We continued to add new member / shareholders at the rate of around 250 – 300 per day. Our … Continue reading Letter from the CEO – July 2017
Each month, I’m bringing all of our stakeholders up to speed on events affecting their participation in the growth of iConsumer. Our goal is to make everybody an insider as we chart new territory in building a crowdfunded business. Marketing Our Faces of Wall Street campaign has launched full blast and is doing quite nicely. … Continue reading March 2017 – Letter from the CEO
It’s been a busy month for iConsumer. On February 13, 2017, the SEC re-qualified our offering. When we started this process, I was most worried that the SEC would be a major challenge. As I have stated before, I was worried for no reason. They have been terrific. This time around, they had a couple … Continue reading February 2017 – Letter from the CEO