Co-Founder, Ceo And Chairman
Flooz.Com
Flooz was an early virtual currency. Flooz developed an ecommerce platform that provided solutions for retailers, corporations and consumers by combining email and electronic greeting cards with a stored value platform. Flooz.com offered online retailers a pay for performance customer acquisition model; provided corporations with innovative incentive programs; and offered consumers a quick, personalized method of gift giving. • Raised more than $50 million in venture capital financing. Investors included Oak Investment Partners, Redpoint Ventures, Maveron Equity Partners, Venture Strategy Partners and NBC. • Signed more than 100 online retailers to accept Flooz as a branded form of payment (next to Visa, MasterCard and American Express) on their checkout pages. Retail partners included Barnes & Noble, J.Crew, Tower Records, Thomas Pink, Godiva, Sephora, Martha Stewart, and Starbucks.• Administered incentive programs for more than 500 corporate clients including IBM, Cisco Systems, General Electric, AT&T, and Samsung. • Created technology platform to store and exchange value electronically and clear transactions directly with online retailers, independent of existing credit card clearance networks.• Negotiated agreement for Whoopi Goldberg to be Company’s spokesperson..• Grew aided brand awareness from 7% in October 1999 to 64% in January 2001.• Recorded $25 million in gross sales for calendar year 2000.