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ibid2save LLC

A new penny auction model that is highly profitable, with proprietary code resulting in a superior user experience. Launched Oct 16th, 2011

  • Stage Full Product Ready
  • Industry Internet / Web Services
  • Location Charlotte, NC, USA
  • Currency USD
  • Founded March 2011
  • Employees 10
  • Website ibid2save.com

Company Summary

ibid2SAVE is a licensed penny auction website operating on a unique and self‐ reinforcing business model that, combined with lead generation and proprietary technology offers greater value to consumers and solves the problem of user attrition. iBid2Save will offer a 100% Buy It Now option on all auctions. This option allows users who place bids in auctions to apply a cash value of those bids towards the purchase of goods if they lose the auction.

Team

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    Brian Tompakov
    CEO

    •Serial entrepreneur since „02; internet lead generation (traveleads.org)
    •Successfully started and exited two companies for a total 14x return

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    David Choe
    Chief Financial Advisor

    •A decade of private equity investing and investment banking
    •Prior experiences as entrepreneur and CFO

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    Tony Wang
    Chieft Tech Advisor

    •Entrepreneur with expertise in technical infrastructure
    •Key roles in launch of Styles For Less, NFLRUSH, DoubleupMobile, CypherMedia, InfiniteNine, and others

Advisors

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    Charles Maxwell
    Lawyer
    Unconfirmed
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    To be determined
    Accountant
    Unconfirmed

Previous Investors

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    Brian Tompakov $100k
    Unconfirmed
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    Private Angel Investor 1 $250k
    Unconfirmed
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    Private Angel Investor 2 $100k Private Angel Investor 3 $25k
    Unconfirmed