Replies to post #3534 on The Next Online Brokerage - Built By You

[ergo sum]

All in all the letter sucks. Why don't you clarify where Bob is in all of this? Out is what I gather. School board or something like that. Ihub but not brokerage.

[Lownumba]

For style reasons, you shouldn't use "5 months" in one place and "six months" in another. Most stylebooks dictate that under ten, write it out.

[explanation of your equity deal, how you'll leverage, and how they're rewarded -- clearly -- inserted here]

Ah, so that's why people give a rat's ass about this. I had wondered.

[occams_razor]

as per Chu's suggestion, last 10 years sounds like career is over. Minor point.

change
I worked in Manhattan during the first ten years of my career and spent the last ten years of my career working and living here in Orange County, California.

I worked in Manhattan during the first ten years of my career and spent the most recent ten years of my career working and living here in Orange County, California.

[Ruellit]

You might want to include a link (URL) to this board. Who knows, might wind up having the Donald post here.

[fung_derf]

I think you should definitely play up your age more. People love whiz kids! Tell 'em more about yourself. Also include a picture of your new girlfriend(couldn't hurt).

[Koikaze]

Matt, here's a draft of the offer for participation in OCS.

Caveat #1: The following draft offer needs careful review to insure the terms used are accurate.

Caveat #2: I am opposed to inviting Donald Trump into iHub's proposed online brokerage. Financial institutions are not well served by snake oil salesmen.


Draft


Dear [Mr./Ms./Mrs] [name]

We are creating the world's first online brokerage firm built from the ground up via the internet. Our firm, OC Securities, is integrating the membership of two of the most respected financial communities on the internet with our active online trading platform. We invite you to partner with us in this enterprise. Your part in the endeavor will be [explain what you want the addressee to do].

If you accept our offer, you will receive [insert explanation of equity arrangement, leverage, return, etc. here]

This opportunity is unique because we link the market experience of OC Securities with a broad base of existing active online traders. The online portion of the operation is conducted by Mr. Matt Brown of Pensacola, Florida and is operated under the names of InvestorsHub (www.investorshub.com) and Silicon Investor (www.siliconInvestor.com). These two sites have

• 525,000 registered members
• 50 million page views per month
• 40 million ad inventory per month
• 1 million+ unique users each month
• 25 million messages posted
• Membership in [number] countries

The stock brokerage portion of the operation is conducted by OC Securities, a new firm organized by Mr. Kenneth Scordo and structured with the input of the online community mentioned. Mr. Scordo has twenty years experience as a broker in New York and California. The trading software is a proven package, customized for OCS's operation. Trading operations will commence around the end of April, 2005.

As an indication of the significance of the online community for a brokerage firm, advertisers on the two online sites have included Schwab/Cybertrader, Ameritrade, Waterhouse, E*Trade, FXCM.com, eSignal, TheStreet.com, and StockCharts.com. Existing online brokerage firms like Ameritrade and E*Trade have multi-billion dollar market capitalizations. We believe our integration with the heart of the online community offers an opportunity for an exquisitely profitable operation.

If you would like to participate in this venture, please call me at [your contact info].

Respectfully yours.

Kenneth Scordo
Chief Executive Officer

[Ken Scordo]

Husker, here's the letter, tell me what you think? You can pm me if you wish. The letter is at the post I'm replying to.