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Monthly Archives: May 2017

Adam Goldenberg – Taking Techstyle Fashion Group To New Heights Of Success

Posted on 27 May, 2017  in Entrepreneurs

Adam Goldenberg is one of the most likely and successful entrepreneurs in the United States and is the man behind many different successful companies throughout his career. At just 15 years old, he built a company named Gamers Alliance that he sold two years later to Intermix Media, which was the parent company that owned Myspace as well.

Soon after creating and selling Gamers Alliance, the entrepreneurial spirit in him made him leave the high school and join Intermix Media, and in just a few years, at the age of 20, Adam Goldenberg was named the Chief Operating Officer of Intermix Media. He became the youngest ever COO of a company traded publicly.

Adam Goldenberg is one of the owners of the Techstyle Fashion Group, earlier known as JustFab. Even though Adam Goldenberg had no formal experience in working in the fashion industry, Adam, along with his friend and colleague, Don Ressler, did extensive research on the fashion retail sector on onmogul.com.

It helped Adam understand how huge the fashion industry is and how many opportunities are there to be explored. In a recent interview with CNBC, Adam Goldenberg told more about how the fashion industry is continuously evolving and how using the technology and social media to enhance the customer experience is essential to build brands that make its way to the target audience.

Adam Goldenberg also talked about the subscription model of the TechStyle Fashion Group, and how the company aims to provide something new, unique and value for money to the customers. Adam Goldenberg said that from the 4 million VIP members company has currently, one million has come from the referrals of the existing clients, which goes on to showcase the trust of the customers on the company to deliver.

Adam Goldenberg discussed the challenges of maintaining cost-efficiency and operational efficiency in the business, and how to avoid additional expenses to keep the final cost of the products affordable. Also, he talked about fundraising as well and mentioned that Techstyle Fashion Group is fully funded and enjoys positive cash flow at the moment.

Adam Goldenberg’s Techstyle Fashion Group is the parent company and has four thriving brands working under it, namely JustFab, ShowDazzle, Fabletics, and FabKids. The company at http://www.hudl.com/profile/4913266/adam-goldenberg continues to look for new opportunities in the fashion space to make their transformational fashion business more efficient and gain further outreach. Adam is also one of the directors of the online beauty retailer company, named Dermstore.com.

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Monthly Archives: May 2017

End Citizens United Raising Funds for Campaign Reform

Posted on 24 May, 2017  in Political Fundraising

In January 2010. the United States Supreme Court came out with a game-chasing decision known as the Citizens United ruling. It’s had a far-reaching effect on political campaigning and elections. By a vote of 5-4, the 9 justices voted to eliminate the ban on how much money corporations and unions can donate to elect or defeat individual candidates. It said in effect both corporations and unions could spend as much money as they wished on individual candidates for political office. However, the ruling does not affect the ban on contribution limits. They still may not contribute more to a candidate’s campaign funds. They may, however, finance their own efforts.

 

Therefore, this paved the way for super PACs. These political action campaigns are allowed to raise and spend as much money from the wealthy, corporations, nonprofits and unions as they can. However, they are independent of the campaign funds raised and run by the specific candidates. The super PACs are required to disclose their donors. The Supreme Court basically held that it was unconstitutional to limit these organizations from spending money to express their opinions. However, they kept a division between expressing opinion and direct support that could result in corruption.

 

In March 2015, a group named End Citizens United PAC formed with the intention to overturn this Supreme Court decision by electing Democrats to public office. It was founded by three online fundraising experts who used to work for the Democratic Congressional Campaign Committee: Greg Berlin, Jake Lipsett and Charles Starnes. Tiffany Muller is the president of the PAC and its executive director.

 

In their first year, using an aggressive email campaign asking people to contribute to defeat Republicans, they raised $11 million. They raised a total of $25 million in time for the 2016 election.

 

According to USA TODAY, End Citizens United collected over $4 million just in the first three months of 2017. They intend to raise $35 million by the beginning of the mid-term elections next year. That $4 million in the first three months of 2017 came from 100,000 donors. 40% were contributing to End Citizens United for the first time. The average contribution is $12. That indicates the contributors are not wealthy donors. Therefore, they are tapping into the anger Democrats feel regarding President Trump.

 

End Citizens United says its goal is to elect legislators who champion campaign finance reform. The candidates must agree to support an amendment to the constitution to overturn Citizens United. They must also back and vote for campaign finance reform bills.

 

They also say they support only Democrats. They acknowledge some Republicans also oppose campaign finance corruption, but their leadership is blocking reform. They say the Citizens United ruling makes it impossible to pass and implement the Democratic Party’s agenda. The PAC also helped pass a 2015 ballot initiative in Maine that improved that state’s system of public financing for elections.

 

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