1. Please provide us with an overview of Merriman Capital, Inc.
Merriman Holdings, Inc. (OTCQX: MERR) is the parent of Merriman Capital, Inc. a full service investment bank and Broker-Dealer that facilitates efficient capital formation through a proprietary digital network and offers Capital Markets Advisory and comprehensive Corporate Brokerage services for public and private companies. The firm also provides equity and options execution services for sophisticated investors and differentiated research for high growth companies and is a leading advisory firm for publicly traded, high-growth companies.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.
2. Jon, you have been in the business a long time. What’s your background?
As Co-Founder and CEO of Merriman Holdings, Inc (OTCQX: MERR), I am responsible for the overall strategic direction of the firm and focuses on working closely with the firm’s clients. I advise the firm’s fast-growing public companies on complex capital market and financing issues, and works with small cap, growth oriented investors. With more than 25 years of experience in the investment banking and brokerage business, I bring deep experience in corporate turnarounds and growing businesses. My extensive institutional and personal network and trading experience give me a unique perspective when working with investment banking clients as well as institutional investors.
Prior to forming Merriman Capital, I was Managing Director and the head of the Wells Securities (WFS) equity group, formerly First Security Van Kasper (FSVK), and served on FSVK’s Board of Directors. As a result of a financing completed by WFS, I was appointed to the Board of Directors of Ratexchange Corporation, a publicly traded telecommunications company. I was subsequently appointed Chairman and CEO of Ratexchange, which I restructured into Merriman Curhan Ford, now known as Merriman Capital. Merriman Capital grew from six people and $1 million in revenues to over 200 employees and $90 million in revenues in 2007. Over the course of my finance career, I have served on more than 10 private and public company boards.
I have been a frequent guest on Bloomberg TV as well as CNBC’s show “Fast Money,” and a regular contributor to financial publications such as The Wall Street Journal, Barron’s and The Daily Deal. I am an active collector of emerging artists and served on the boards of the San Francisco Art Institute and the Santa Monica Art Museum. I hold a B.A. from Dartmouth College and am based in the firm’s San Francisco office.
3. How has the business changed and how has your business changed with it?
Research has been greatly devalued and deals are much more difficult to close. Many of the banks that we used to compete with have left the business, leaving a huge gap in financing for small public and private companies. Our DCN is a direct reaction to this change. Digital Capital Network (DCN), powered by Merriman Capital, offers Investors, Issuers, and Affiliates a compliant solution, evaluating pre-screened transactions in multiple financial structures and verticals on one platform. The DCN provides its members with a diverse and cost-effective transaction portal to close the gap between a growing business and growth capital.
4. What is your best advice to a new public company CEO?
Focus on creating scale through acquisition or rapid revenue growth. “Escape velocity” is critical. There are thousands of public company orphans.
5. What do you mean by “Escape Velocity”?
“Escape Velocity” – stocks need to have considerable firepower, like a rocket, to escape the orbit of the “dark star of investor disinterest.”
We try to and supply the knowledge and the long-term firepower to escape. We have to pick the right teams (passionate, persistent) coupled with a good business model.
6. We see Merriman is a PAL helping companies list on the OTC Markets. Please elaborate.
We advise, trade, research and finance small public companies. This advisory suite of services is invaluable in helping to create “escape velocity”.
7. What is the Digital Capital Network?
Digital Capital Network (DCN), powered by Merriman Capital, offers Investors, Issuers, and Affiliates a compliant solution, evaluating pre-screened transactions in multiple financial structures and verticals on one platform. The DCN provides its members with a diverse and cost-effective transaction portal to close the gap between business and growth capital.
Please visit our website for more information on how you can be a part of our Digital Capital Network: http://www.digitalcapitalnetwork.com.
The DCN is allowing our investor community to view multiple offerings across various industry verticals in a compliant, streamlined fashion. By coupling a robust cloud based platform with a registered Broker-Dealer, we are clearly differentiated from other platforms in the microcap/crowdfunding capital raising world. The number of family offices, ultra high net worth investors and institutions, as well as issuers, is expanding daily which is critical to the investment process.”
Since the start of 2014 the DCN has accomplished the following:
- Facilitated over $20 million of completed transactions
- Listed over $200 million in private placements, ranging from “Series A” technology to real estate
- Listed over $1.1 billion in asset management products
- Registered several hundred institutions, high net worth and family office investors
- Established several strategic partnerships to facilitate innovative deal flow
- Continued technological improvements for all user types
8. Why should a company choose Merriman over others?
We have a 12 year history of dedicating enormous energy to small, fast growing companies. We believe that enormous inefficiencies exist in this area today. Our DCN is a state of the art technology platform focused on helping these companies achieve their goals. We believe this is a significant differentiation in the marketplace today.
The early progress of the DCN in attracting issuers and investors has exceeded our expectations. We are particularly pleased that the DCN has already helped to facilitate the closing of multiple transactions. There is a huge need for sophisticated investors to see curated, high quality deal flow, ranging from early stage technology to large dividend driven real estate transactions.
9. Do you have an opinion on how a company should raise capital in the current market atmosphere?
Focus on partners that understand the business and are able to take a multiyear perspective. Raise the money when you can, not when you need to, is critical advice. Most investors don’t want to invest when times are hard.
For more information about Merriman Holdings, Inc., please go to their website: http://www.merrimanco.com/
© 2017 Stock News Now
Supported by Superior Web Solutions