About

GrooveVC was created by an informal network of online venture investors seeking to create a forum for the exchange of ideas related to investment opportunities among companies with growth potential that could be materially impacted by the involvement of a community of “engaged” consumer/investors organized to be a catalyst by aggregating their ability to invest, consume and promote.

Essentially, its Peter Lynch’s “invest in what you know” (consumer/local knowledge ) crossed with the Carrot Mob, except that we do not seek social change, only pocket change. With GrooveVC, consumer/investors buy/consume what they would buy anyway, but by organizing and aggregating their ability to invest and consume, they can have a material impact on a company’s bottom line and ulitmately, their own bottom line. To be clear, our primary purpose is the financial enrichment of those who invest, consume and promote with us.

We generally seek publicly traded companies whose financial results can be materially impacted by the incremental consumption and incremental investment of hundreds (or thousands) of “engaged“ consumer/investors who not only invest and consume, but create a “buzz“ among their social and/or professional networks.

GrooveVC is about discipline, focused consumption and investing, not trading. The most significant impact of our involvement will likely be manifested over a period of months rather than days and we hope to have a positive impact on the stock price in a similar time frame.

3 Comments Add your own

  • 1. Dave Sokol  |  September 9, 2009 at 12:53 pm

    If you are reluctant to recommend a 25 cent stock to family members: Buy shares in custodial accounts for grandchildren, and provide the parents with the information on how they can grow their childrens accounts by using ALOT. This will encourage them to use the site, invest themselves, and spread the word.

    Reply
    • 2. jwbuffett  |  September 14, 2009 at 3:15 pm

      This is a great idea – thank you. I have six nieces/nephews that I want to do this for and I have already started researching the logistics of it. There are several “discount stock broker” that will allow you to open an account with less than a $500 deposit. I will not tell you which one’s – you can do that same search yourself on ALOT.com (since ALOT earns about $15 per click) and you should see 2 or 3 recognizable brands that do not have an account minimum. Of course, I was assuming you are doing accounts like I am – I will give each one 1,000 shares of Vertro, which costs about $350 right now including the discount commission.

      Not only will you be a hero for being so generous, you can help them learn to follow the stock market and give them a number of very practical lessons in personal finance along the way. When you show their parents how to install the toolbar and/or use the home page to do all of their searching and shopping online, they will probably add ALOT more to Vertro’s bottom line than $350 over the course of the next year. In fact, the Groove’s research suggests that number would likely be between $47 per week and $78 per week. At that rate, that would add close to $2500 per user even at the low end. Why not spend $350 if you can make $2500+ for the company you have invested in, plus be a hero (and a financial whiz) to family members when you give them stock that will be worth several thousand dollars within a year and help them to learn practical personal finance lessons along the way?

      This is a GREAT example of the value members of the Groove Community can bring to this situation with practical ideas that add value for all community members. This is a fantastic idea that we will pass along to make sure that all members of the Groove Community are aware of .

      Reply
  • 3. Colt  |  January 7, 2016 at 6:49 pm

    CVSL is a disaster. It is trading like BK is coming.

    Reply

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