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Monday, February 25, 2019 6:15:42 AM
Check out @RoryCutaia’s Tweet:
I just came from dinner with a dear friend, also an investor in verb, who was my very first investor when I started Telx. He brought with him a copy of the letter I sent to all of our shareholders when I sold telx. I’d like to share it here. #blessed #thankful pic.twitter.com/TTEs7YnETu
— Rory J. Cutaia (@RoryCutaia) February 25, 2019
Telx actually started as a prepaid phone card company. Yep that’s right. Prepaid phone cards were used before cell phones, and were very popular because they could be used on public phones with just a swipe.
Guess what, Telx’s revenues in the early days went from 0 to $7,000,000 in 6 months! Revenues grew at a freakish rate until....you guessed it, cell phones became popular and the bottom fell out almost overnight.
The company was almost facing bk when Rory called the entire team into the conference room to discuss a new direction. Rory and team identified one of Telx’s natural strengths which was the 15 telecom companies that already had lines in Telx’s building, so they devised the concept of tele co-location hubs.
A few years later, as Rory followed the EBITDA of telecom companies, and sales multiples carefully, he found a trend taking hold. Sales multiples were dropping even as EBITDA and revenues in the industry were rising. Increased revenues/EBITDA’s were deriving lower sales multiples thus negating growth (treading water).
When Rory advised the board of this information and they decided to put the company on the market and had many, many multiple offers.
So, in 2000 the company was started and by 2006 Rory sold it for $216,000,000 making investors 18X their money. Telx sold again in 2015 for $1.9 BILLION! See below link.
Here’s a quote from 2006 article of GI Partners purchase of Telx:
“telx's business model and prior achievements are impressive, and we are very excited about their vision and prospects," said Eric Harrison, Managing Director of GI Partners. "We believe that telx is poised to revolutionize the industry and will continue to create significant value for shareholders."
Here’s the link so investors can educate themselves and understand the success:
http://www.datacenterknowledge.com/archives/2006/11/22/gi-partners-buys-telx-56-marietta
https://www.gipartners.com/private-equity/portfolio
https://www.thestreet.com/story/13217986/1/abry-and-berkshire-exit-telx-through-19b-sale-to-digital-realty.html
VERB “making the impossible possible”
- They all laughed at Christopher Columbus when he said the world was round...
- They all laughed when Edison recorded sound..,
- They all laughed at Wilbur and his brother when they said that man could fly…
VERB Founder/CEO/President/Chairman Rory Cutaia absolutely loves this business and technology (and also being first at everything).
Here are some of Rory’s firsts...
1) Hugely successful attorney in NYC working with global entrepreneurs - could have retired - $$$, but didn’t because he LOVE’s creating, developing & winning;
2) Founder/CEO of Telx - first immensely successful pre-paid phone card company $0 - $7,000,000 in revenues in first 6 months;
3) First pivot - Telx - telecommunications disruptor created telecommunication interconnection and colocation data centers sold for $216,000,000 in a mere 6 years (resold for $1.9 Billion a few years later;
4) bBooth - first entertainment booths to video and steam American talent (American Idol/Nick Cannon);
5) 2nd pivot to VERB - worlds first interactive video CRM/social media platform with ecosystem and suite of several verticals;
6) Rory’s transparent strategic approach with investors created a new breed of investor the High Performance Investor (HPI)
HPI’s are not like the static investors of the past but a new breed of investors who;
- Completely align with their investment though immense due diligence;
- Seek and secure business opportunities for their respective investments management team;
- Are ambassadors of the market place/investor relations message, pushing it out to others vs simply receiving it from management;
7) Rory has redefined the term Unicorn ($1 Billion startup). He’s actually created a new subcategory of Unicorn. Unicorn + Pegasus = Uniasus
“Uniasus - most valuable pre-revenue startup companies that dwarf others in the category of Unicorns - top .01% and have estimated value well beyond $1 Billion dollars.”
These are just a few “firsts” for Rory and there are many others, but I thought readers would want to do their own due diligence also.
Microsoft, Salesforce, Oracle, Adobe, Facebook, Netsuite, Instagram, Odoo, Instapage are partners of VERB.
Compared to its peers in the CRM space, even at the brief $45 high, VERB is still GROSSLY UNDERVALUED, look at this:
1) HubSpot - $130 Share Price - $4,900,000,000 Billion Market Cap
2) Salesforce - $141 Share Price - $105,000,000,000 Billion Market Cap
3) Oracle/Netsuite - $46 Share Price - $183,000,000,000 Billion Market Cap
4) Microsoft - $101 Share Price - $777,000,000,000 Billion Market Cap
5) SAP - $117 Share Price - $139,000,000,000 Billion Market Cap
6) *VERB - $14
Share Price - $200,000,000 Million Market Cap
Salesforce 756,700,000 shares outstanding
Oracle 3,788,000,000 shares outstanding
Microsoft 7,000,000,0000 shares outstanding
VERB 200,000,000 shares authorized
Sound Concepts Purchase + the NETWORK MARKETING UNIVERSE = Success for VERB
100,000,000 individuals selling in this vertical. 1% is 1,000,000 people at $9.99 + $19.99 Activation = $29,980,000 per month or $139,870,000 per annum. IMO penetration will be much higher because of Sound Concepts Bright Tools customer base is already 600,000 and 28 MLM’s who will want higher sales.
Key metrics being 100,000,000 people and $9.99 per month + $19.99 Initial Activation
- 1% penetration is $139,870,000 per year revenue
- 2% penetration is $279,740,000 per year revenue
- 3% penetration is $419,610,000 per year revenue
- 4% penetration is $559,480,000 per year revenue
Let’s put VERB into perspective.
Some startup organizations will never land a deal with the likes of Microsoft or Oracle. Others may, but it takes years. Yet Rory and the VERB team managed to create “meaningful” partnerships and business deals in approximately 1 year with:
1) Oracle/Netsuite
2) Marketo/Adobe
3) Microsoft
4) Salesforce
5) Facebook
6) Instagram
7) Instapage
8) Odoo
9) SAP
10) Others yet to be announced
This is not just an amazing feat of accomplishment, but testimony to what value these organizations place on our disruptive technology Tagg. Think about it.
VERB is just beginning (in its infancy really) but already is positioned with the Titans of the technology industry. You are who you associate with.
“Everything up till now needed to happen - the good, the bad, the ups, the downs, the seeds we planted, all of it - Because without all of that, we couldn’t be where we are right now - the launchpad - and this is where we -you and us - FUSZ strong owners- belong. Seat belt time.”
Rory Cutaia Tweet 12-1-18
Recent VERB News
- VERB’s MARKET.live Unveils Major TikTok Shop Technology Expansion • GlobeNewswire Inc. • 06/20/2024 12:30:00 PM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 06/12/2024 04:15:02 AM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 06/07/2024 09:26:17 PM
- Form 1-A - Offering Statement [Regulation A] • Edgar (US Regulatory) • 05/31/2024 09:29:18 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/10/2024 09:10:25 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 09:00:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 09:00:29 PM
- VERB’s Healthy Balance and Enhanced Shareholder Equity Behind Nasdaq’s Grant of 6-Month Extension to Regain Compliance With Bid Price Rule • GlobeNewswire Inc. • 05/02/2024 12:15:00 PM
- VERB's MARKET.live x TikTok Shop Partnership Event Draws Over 300 Attendees • GlobeNewswire Inc. • 04/30/2024 12:11:00 PM
- VERB's MARKET.live Adds Another 100 Retail Brands to Its Livestream Social Shopping Platform • GlobeNewswire Inc. • 04/22/2024 12:00:00 PM
- VERB’s MARKET.live x TikTok Shop Partnership Event Set for April 25th • GlobeNewswire Inc. • 04/11/2024 12:00:00 PM
- VERB's MARKET.live Livestream Shopping Business Plan is Now Fully Funded • GlobeNewswire Inc. • 04/02/2024 01:37:56 PM
- VERB's MARKET.live Enters Into Formal Partnership With TikTok for Livestream Shopping Services • GlobeNewswire Inc. • 03/27/2024 11:23:00 AM
- VERB's MARKET.live Adds 100 More Retail Brands to its Livestream Social Shopping Platform • GlobeNewswire Inc. • 03/18/2024 11:23:00 AM
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- VERB's MARKET.live Welcomes 50 More Retail Brands to Its Livestream Social Shopping Platform • GlobeNewswire Inc. • 03/12/2024 12:30:00 PM
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- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 02/23/2024 10:00:32 PM
- Verb’s MARKET.Live Frankie Avalon Livestream Shopping Series Attracts Large Audience of Fans and Followers • GlobeNewswire Inc. • 02/20/2024 01:30:00 PM
- VERB's MARKET.live Welcomes 15 More Trendsetting Retail Brands to Its Livestream Social Shopping Platform • GlobeNewswire Inc. • 02/15/2024 01:30:00 PM
- Form 1-A - Offering Statement [Regulation A] • Edgar (US Regulatory) • 02/14/2024 10:15:27 PM
- VERB’s MARKET.live Announces Launch of Frankie Avalon’s Livestream Shopping Show • GlobeNewswire Inc. • 02/12/2024 01:30:00 PM
- VERB's MARKET.live Announces the Addition of 10 More Trendsetting Retail Brands to Its Livestream Social Shopping Platform • GlobeNewswire Inc. • 02/06/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 01:30:28 PM
- VERB's MARKET.live Announces the Addition of 5 More Distinctive Retail Brands to its Livestream Social Shopping Platform • GlobeNewswire Inc. • 01/23/2024 01:30:00 PM
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