Post
Topic
Board Securities
Topic OP
Gauging Interest in new Fiat-based IPO
by
VaporXpress
on 25/02/2014, 04:29:24 UTC
Hi,

I'm Thanh Ho (linkedin profile): http://www.linkedin.com/pub/thanh-ho/7/246/b32.  
My footprints are all over the internet.  (Ex: http://en.wikipedia.org/wiki/Arbitrage_Wise)

I started with a small 18ft x 6ft kiosk and helped founded VaporXpress LLC in January of 2013, a B&M retail distributor of Electronic Cigarettes (www.vaporxpress.com).  In 2013,  our revenue was ~$270,000 (our first month was $3,000), with gross profit after COGS was ~48%.  Sales was approximately 50/50 in eLiquids/Hardware.  We source and will soon in-house our eLiquids from the US.  Our hardware we import directly from China.  We currently own 4 retail and 2 franchisee locations within the DFW, TX and Houston, TX area.  

After seeing the success of RentalStarter, I would like to gauge interest and advice on how I can leverage the crowdsourcing and non-bureaucratic element of bitcoin to help scale the business.  I understand that there are currency exchange risk for a fiat-based business in the short term, but I feel that the profits from the long-term should cover the risk. (Note 2/24: I could be wrong due to the currently 'low' price on BTC where I feel it could go up very fast very soon).

My objective is to crowdsource both a team and the resources needed to create a buying group for the purpose of importing and selling hardware in the US.  I would like to be the Fasttech of the US for the eCig market.  I'm not sure where to start explaining, so I would like to answer questions and build up the details from there.