Jerrick to Creatd 2020 Presentation
With our second quarter financial results filed, Q2 proved to be a validating quarter for our company's growth strategy. Among other exciting milestones, our company achieved a substantial increase in revenues year over year and a 10% increase from the previous quarter. Plus, with our team having onboarded nearly 4,000 Vocal+ subscribers and 679,000 Freemium creators to date, our projections indicate that Vocal will grow to approximately 10,000 Vocal+ paid subscribers and 750,000 Freemium members by the end of 2020. And we'll do it with the help of our partners–that's you, the Vocal creators–with upcoming features like referral incentives to make it well worth everyone's while to expand our network. In fact, that's the key factor for virtually any decision we make about Vocal. As we've said many times in the past–the success of our company is tied to our creators' success on Vocal. In fact, our success is dependent on it.
Jerrick (OTCQB: JMDA) Shareholder Meeting 2020 Questions & Answers
After evaluating the data with the host platform for our shareholder meeting, Issuer Direct, we broke an attendance record for an OTCQB company shareholder meeting. Along with that, we received a record amount of questions and felt compelled to both elaborate on those we were able to address on the call and add a number of other interesting insights and questions we received from the rest of our investor community.
Jerrick's 2020 Annual Shareholder Meeting Recap
It’s been less than an hour since the conclusion of what was Jerrick’s first Annual Shareholder Meeting. Before publishing the following meeting transcript (which we cleaned up a bit for clarity purposes) and releasing the video recording you see above, I wanted to once again thank my Jerrick team, who worked so hard over the last couple of weeks. It was their collective effort that not only made our 2020 virtual shareholder meeting a success, but established a baseline and foundation for us to make the next one even better.
Pushing Towards New Highs
I had a front-row seat at the birth of electronic trading, and it had a profound influence on my career and the thought processes that I would systematically apply to all subsequent endeavors. At first, I was simply enthralled by what we were able to do with the data; how we assessed it and took risk in order to generate more money, with which we could take more risk. I became fascinated by the power and control a trader wielded when relying on data to make decisions. It was years later before I began thinking about the bigger picture and the implications of this new kind of trading. It’s a story about how technology systematically changed a well over 200-year-old industry.
The American Spring
In the spring of 2010 the Middle East reached a tipping point. It was called the Arab spring. A decade later, we are in the midst of the American Spring. We are the country whose fuse is lit and ready to explode. With the stock market making COVID-era highs, the disconnect between reality on the street and the illusion created by printing money, lending at 0% interest rates and outright lies by the federal government, has now seeped into the psyche of the American people. The illusion that 40 million unemployed can be fooled by a check in the mail and bringing back sports is finally being shattered and the glass will cut deep across the political divide.
Jerrick (OTCQB: JMDA): Q1 2020 Shareholder Letter
We have completed the timely filing of our first quarter 2020 financial results. This marks our 10th 10-Q filing as a public company, along with having filed our 5th 10-K in March. Quarterly revenues were approximately $293,000, at the lower end of the range I had expected. Nevertheless, I am delighted, given the headwinds we withstood and the visibility we now have. With some clients asking for discounts and deferred payments and employees making it through a three week period of limbo in March that reshaped our company’s routine and monopolized our time, revenues quarter over quarter were essentially flat. They were, though, over 8 times higher than Q1 revenues in 2019. All things considered, this was a quarter I will never forget, both for its intensity and lessons learned.
The Art of Thinking Together
The Talmudic Way As most of you reading this fall into the category of potential or current investors, friends and family, or creators on Jerrick (JMDA)’s platform Vocal, I wanted to share some insight into our team’s current focus and perspective. As both a growth and value company, we are laser focused on the future. But curiously enough, the theme of this week’s update is grounded in a theory of knowledge that dates back many centuries.
Reopening is a Mirage
I was listening to an interview of Real Vision CEO Raoul Pal, in which he was asked for some macro perspective on the world economic scene. While he was far from confident that fiscal and monetary policy can “paper over the cracks” in our economic foundation, Mr. Pal was emphatic that, for all the focus on lifting restrictions and bouncing back to business as usual, “reopening is a mirage.” Sure, he says, consumption will return to some degree, but not at all to the degree that people and markets seem to be expecting. The continuous media driven cycles by political parties and scores of other special interest groups have constructed this so-called mirage of “reopening,” in a desert where our nation’s leaders are wandering aimlessly. Prepare not for a reopening of the American culture, but rather a reimagining of the American society and, by extension, the American dream. The new American Dream will be found online in democratized digital environments from platforms like Vimeo, Spotify, and Vocal.
Time For Some ‘Creative Destruction’
The very nature of the global economic structures we have taken for granted over the last decade are in jeopardy, from the integrity of the European Union to the future of supply lines from China, a country that stands accused of lying to the world about the extent of the virus. Coronavirus has obliterated over 22 million jobs, which amounts to nearly all the jobs that were created since the end of the financial crisis 10 years ago. This economic crisis will have a domino effect and continue to impact one facet of society after another. Ultimately it will create a wall of worry for financial markets to climb. As time passes and we begin to understand the scope of this crisis, facts will eventually force action. There are plenty of opinions about the whos, whys, whens, and hows, but we all know one thing for certain: it will take a long time for the effects of a global economic shutdown to settle enough to create some semblance of a "new normal."
The Future Is Tele-
What started out as a government-mandated work from home policy last month turned out to be validation of one of our company’s key strengths: our nearly seamless transition to a work from home environment. We had always taken a rather minimalist approach when it comes to Jerrick and Vocal’s brick-and-mortar presence. To put it simply, we have long expected that our company’s growth would not necessitate a corresponding increase in office square footage.