Zeev's Ideas

[Koikaze]

YOUR NEXT ONLINE BROKERAGE - up to 422, 12/18/04

Investors Hub and Silicon Investor are in the final stages of negotiating a joint venture to create a new online brokerage firm focused on the IH and SI communities. The firm will be backed by 20-year veterans of the brokerage business and led on the technology-front by IH/SI.

check out the iBOX on #board-3134


12/13: (NEXT: 330) (*COMMENT*)

I wanted to tell the story of how this project came to be.

About 3 months ago a couple of veteran brokers that have been loyal iHub and SI users for years came to me saying they wanted to get back into the business, but do something unique and online. Wanted to know if I was interested and if I had any ideas. This is what those trips to California were for.

The timing was perfect for a number of reasons.

I keep a book of business ideas, thoughts, etc. When I started IH, one of the parts of the empire was to one day include a brokerage. IH started because I was unhappy with the available services out there. This brokerage will be the same. I think I can do better than what is currently out there and eventually be the best there is. You can't go wrong if you build it with and around the people who are actually going to use it, and built it where the design can be flexible enough to change as you go. We have a site chock full of users that need a brokerage, so why not offer 'em what they want and need?

So, that's how all this got started. They had a brain storm, the experience, knowledge, licenses, and resources to back it....I had the ideas, feel for what people want, the technology background, and a big pool of folks to promote the business to [and get their input].

The firm is in the final stages of approval. I don't want to give the names of those involved yet or the name of the firm until it's all approved by NASD. I have some people out there that are less than adoring of me, so I don't want them screwing around with something important like this.

The question of structure of come up a number of times. The brokerage firm will be completely separate from IH and SI -- different servers, programmers, data center, everything. It's nothing we are running under the IH/SI name or corporate structure. I will be involved directly with the brokerage [details on this later]and there will be a equity relationship between the brokerage firm and IH/SI. Basically, IH/SI have an incentive to see the brokerage do well. Due to this, I'll actually be MORE involved in the growth/Admin/etc of iHub. A good thing.

I'll give more details as we go, as to who's behind this, more on my involvement/role, but for now, I just want to work on laying the foundation for the development of it all -- really, the most important thing.

You guys have came up with some great stuff that I didn't think about and will definitely include...Everybody that wants to, will truly be involved in this thing from start to finish.

MB