...we sincerely hope that you choose to share this journey with us.
Chicago, New York, Detroit and it's all on the same street.
Good morning and welcome back to the flickering pack. It's been a nutty stretch for the Critter Caravan as we've had our show on the road. Four cities in six slammed days isn't my definition of fun but it's an unavoidable reality while building a business. Alas, we're not yet settled as we've gotta shoot down to Charleston for a 24 hour turnaround. Take me at my word when I tell you that I'm looking forward to returning to the warm confines of the 'Ville and scribing vibe with some consistency.
As I haven't seen a screen since late last week, I wanna take this opportunity to discuss some happenings in our hood. Minyans were recently notified of a "price adjustment" and while most of the feedback has been friendly, we want to share the thought process behind the decision. The Minyanville community is predicated on forthright communication and that's particularly apt when discussing delicate issues.
We didn't arrive at this decision lightly as we didn't want to alter the community DNA we've worked so hard to establish. We're well aware of the disconnect between perception (all-time highs!) and reality (times are tough) and we pride ourselves on being part of the solution. After all, as we collectively toggle towards the "haves" and "have nots," our mission has always been to help Minyans find the right side of that fork.
With that said, we haven't raised rates since early 2004 and don't plan to do so again for a long time (if ever). We put a ton of money into making this platform, and the content it supports, world class. I've personally invested a lot of time and capital and would put my last red cent into this dream if need be. Minyanville is where Walt Disney meets Wall Street-and I have confidence that my investment will bear beautiful fruit-but I didn't found this company, nor do I continue at this tenacious pace, simply to get paid. I believe in the deepest confines of my being that the world needs a trusted choice for a financial voice.
In arriving at these new rates, we looked at the competitive landscape and asked more than 100 random Minyans what they thought the Buzz was worth. We're loyal to our existing community and have taken strides to do the right thing. As such, we're extending an offer to existing Minyans to lock in an additional year at a discounted rate. It nets out at less than an additional $15 per month, which we're confident will pay for itself through the idea generation and thought provocation found on the Buzz & Banter.
If you haven't already, take advantage of this exclusive offer for existing Minyans by clicking here.
As we roll into 2007, we'll be taking great strides in building our community. The Exchange will allow Minyans to interact with Minyans on a global basis. While our content is currently "preacher to congregation," this functionality will allow our community to adopt a "congregation to congregation" dynamic. This isn't about looking to attach the buzz words "social networking" to our model. Minyanville is currently read in 111 different countries-organically, without marketing muscle or advertising efforts-and this is a natural extension. Those who have attended Minyans in the Mountains will attest to benefits of commingling. And those who are joining us on December 1st in Manhattan (for the kids!) will surely say the same.
So, yes-we've adjusted the price for the Buzz & Banter but we haven't done so in vain. And we haven't forgotten where we come from, which is born from the belief of ye faithful. We're a work in progress-a growth story that will twist and turn as we continue to learn-and we sincerely hope that you choose to share this journey with us. We won't be all things to all people but we'll certainly try to offer a little something for everyone. That's who we are. And it's where we're going.
Good luck today.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at email@example.com.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
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