John Tran’s Experience Is Helping To Finance The Future!
In the business world, the tech sector especially, venture capital is essential for early growth. Almost no company starts out instantly profitable and as a result, they need seed money. Even social networks require initial startup funds for servers, domain names and money to pay their programmers. Without an immediate revenue stream, young entrepreneurs rely upon investors and venture capitalists who see the potential in their idea and believe in the abilities of those applying for funds to execute that vision. Helping consumers get the most out of their money, reducing personal debt and financing promising new endeavors are the cornerstones of John Tran’s venture capital enterprises!
John Tran is the Co-Founder of BargainCrowd, a website in the vein of Living Social or Groupon that delivers local deals to consumers over the Internet. The purpose of his site was to negotiate bulk pricing with local businesses and offer deals to consumers – limiting the number of offers each user could redeem in order to allow more people to take advantage of the deals he offered – that would allow consumers to benefit from drastically lowered prices. In addition to co-founding the small website, John Tran acted as the chief negotiator for it, working with local businesses to deliver goods and services at reduced prices.
A venture capitalist at heart, John Tran co-founded U.S. Financial Management in January of 2000. Serving in its early years as President and CEO, John Tran formed the company to provide opportunities for consumers and entrepreneurs. Tran quickly discovered that one of the fundamental reasons consumers and small businesses – especially sole proprietorships – could not get the venture capital they needed was the large amount of unsecured debt in the investment world. Unsecured debt was making investors anxious and less likely to loan money or make investments, so John Tran re-tasked U.S. Financial Management to work with consumers to renegotiate and reduce their unsecured debts. In 2006, Tran made the transition to Chairman of the Board of Directors so he could focus on other ventures he was pursuing.
Chief among those ventures was Gentiax and its online presence, yPoodle. As CEO of Gentiax, John Tran helped to create a dynamic website that both assisted collections companies and reduced consumer liabilities to collection agents. Tran’s Gentiax negotiated with collection companies and worked with indebted individuals to meet structured payment plans. The result was that during some of the worst years of the recession, John Tran and his companies helped reduce consumer debt!
Now as the Interim CEO and Managing Partner of PayFor Loan Company, John Tran continues to work to reduce unsecured debt to both help reduce consumer debt and inspire venture capitalists to invest more readily.
About RESCUECOM:
RESCUECOM provides computer repair and computer support, 24/7: Meeting every tech support need including data recovery, virus removal, networking, wireless services, and computer support for all brands of hardware and software. For computer support or information on products, services, or computer repair, visit https://www.rescuecom.com or call 1-800-RESCUE-PC.
For More Information, Contact:
1-800-737-2837
CEO@rescuecom.com
Filed under: business, david milman, news, performance, rescuecom