ByOwner.com, an online classified marketplace for people to list, buy, rent, and find merchandise, property, employment and more, announced the very first equity crowdfunding campaign for the online advertising industry.
ByOwner’s goal is to raise $1.5 million from equity crowdfunding investors to advance its position as the safest online community. One of ByOwner.com’s primary product differentiators is the way the company is harnessing advanced security technology to allow buyers and sellers to research each other prior to meeting in public to complete a business transaction.
The online classified advertising service currently allows more than 1.3 billion Facebook and LinkedIn social media contacts to see each other using the 'Friends-of-a-Friend' feature. This will help combat the unprecedented crime wave of murders, rapes, armed robbery, and prostitution occurring every day on popular online advertising sites.
“There is a huge void in the market for an advertising platform that welcomes partner innovation, user safety and does not contain 'adult' content,” said Greg Sullivan, ByOwner.com’s President. “We feel that personal ads, massage parlors and escort services should not be available on the same platform as someone selling their home, car or used household items.”
“As consumers get more comfortable with buying and selling online, so should their satisfaction with the complete online advertising experience. Our platform fulfills the need for higher transparency between buyers and sellers. It’s just not safe to meet someone in a parking lot to buy a $200 phone if you don’t know anything about the person,” Sullivan concluded.
Edited by Gordana Davila