First, let me thank you for supporting iConsumer as a member and as a shareholder. These monthly letters are one of the most fun things I get to do. We’ve over 50,000 shareholders and soon-to-be-shareholders, all experiencing what it’s like to own a piece of a publicly traded start up. We’re proud of iConsumer, and … Continue reading Letter from the CEO – September 28, 2018
 Invested. Involved. Informed.  I was asked recently what the “i” in iConsumer stood for and at first I didn’t have a clue. Coming from a previous site with an “i” in the name (iGive.com) and the prevalence of Apple branded “i” gadgets and services, it seemed natural to me that our site would be “iConsumer”. But … Continue reading You are the “i” in iConsumer
iConsumer operates in a very, very big market. According to Digiday, Forrester (one of the big dogs in the analyst space) predicts the following for 2018: $3.7 Trillion – total retail sales $1.4 Trillion – retail sales influenced by digital $507 Billion – online retail sales $118 Billion – mobile retail sales, 23 percent of … Continue reading The world we live in
I grew up the youngest of three kids and my older siblings would definitely tell you I was spoiled. (Maybe, I was a little!) As my sister and I were close in age & size, we shared a lot – a bedroom, books, clothes & toys. We were usually pretty good about it but tantrums … Continue reading Referral Program – Sharing is Caring
Here’s another letter that came into our support desk where I think the response will be helpful to us all: James D writes – I am a new iConsumer user and I would like to purchase stock in the company however: the difference in the Bid and Ask price in the open market is Outrageous, … Continue reading Letter from a user
Amazon Prime Day Amazon has very special sales happening July 16. You can shop at Amazon via iConsumer. We make great money when you do (in part because Amazon doesn’t allow us to share what they pay us with you). For many companies, the bigger their revenues and profits are, and the faster those are … Continue reading Amazon Prime Day and our Stock Price
Short and sweet this month. Four things of note: 1. We’ve filed our newest version of our $15,000,000 offering circular (our 1/A/A) with the SEC. We anticipate a June or July qualification by the SEC. Read all about it here. Highlights include a much more detailed discussion of our intention to build our own blockchain-based … Continue reading Letter from the CEO – May 13, 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
In yesterday’s NY Times, there was an article about how the recent change in the tax code is causing some companies to increase their stock buy backs. We’ve got nothing against buy backs, fwiw, but the article makes the point that this doesn’t help the 99% very much. And that’s one of the biggest reasons … Continue reading Share Buy Backs and the 99%
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