March 29, 2026
Founding Owners
A Letter from Ken Davis, Founder of Microbid
Hey everyone. If you've made it to this page - then thanks for checking Microbid out and hope you like what I'm about to offer.
Microbid is the 4th version of an idea I founded over 13 years ago and have launched successfully under 3 different, previous names - improving dramatically each time. And, over the years - there just seems to be more and more "white noise" - ie. distractions - both good and bad that eat up people's attention, which has made this thing harder and harder to promote and push. So, we (me and the awesome partners I've picked up along the way) decided to make the entire company 85% Member-owned - with eventual plans to become semi-decentralized.
To sum things up quick, we put a lot of energy and time into the actual Digital Auctions, Rewards and Advance model, so there are still other small details we haven't finalized or gotten as smooth as we'd like, but we feel like we're beyond close enough that we need to just get this thing out there.
The jist of it is - the earlier you get in, the more you're going to get out of Microbid - as far as money (ie. return), influence, reach (audience), AdShare, etc.
And, the key things we're pushing is to make this a global platform where the world can combine its spare pocket change to create millions of dollars in new commerce, rewards, sales, etc. that would've never otherwise existed.
We have put features in place to make it so everybody can earn really great rewards and cash - if they simply put the time, effort and bids in - and it doesn't require a lot. We specifically designed the platform so everyone could give a little - but when you add it all together, it really equals a lot.
Here are some key highlights:
- If you refer someone and they win - you get a Referral Bonus equal to 10% of the value of whatever they won
- We've also built in a 15% slice into every Auction to specifically pay our Founding Owners/Partners*
- FOs will also receive a guaranteed percentage of all future members (who weren't referred)**
- FOs will be able to request cash advances against their Equity Shares in the form of Equity Buy Backs or Loans***
- The company is structured as a Limited Partnership, which is rich people's latest trick.****
- We plan on giving FOs some exclusive Microbid Upgrades to offer to help create additional streams of Revenue
- All FOs will receive an AdShare ("Share of Voice") equal to their Equity percentage
- We'll look to FOs and their businesses and services first when we need vendors, like PR Firms, Design, etc.
- And, we plan much more. If we take care of you, we think it'll help you do the same for Microbid. Simple.
- Oh yeah, we're about to do a $5M Cash Promo exclusively for FOs along with $5M (ie. 50%) of Microbid Equity
* We know it'll take a little bit before Advertising, Sponsorship, etc. revenue starts to come in, so the Auction Revenue will be the primary driver. And, to give you the secret sauce - we basically set every Auction to an amount of "Reserve" Bids that must be hit to have a winner - equal to 3Xs the value of the Auction itself. And, then we turn around and give 85% of that entire 3X back to all our Members and Partners.
Think of it like this - the average Cost of Goods Sold in the US is about 30%, which means we're all paying over 3X what stuff costs to make - it's because they have to roll up marketing, employee, etc costs in there to be able to stay in business. Well, we are no different - except our Members and Founding Owners & Partners are the ones we're giving all that other money to. So, you better help us blow this thing up!
** That means if any of those people win Auctions, you win 10% every time. You see, we built in the 10% thing to really help make this thing eventually go viral (when people realize how insane that is) - think about it, a $40,000 EV Vehicle - whoever refers THAT winner is getting a $4K Referral Bonus. But, that 10% Bonus is essentially an operating expense that comes out of Revenue, so that means it can't go to our FOs (ie. Founding Owners/Partners) - and we want to make sure you all are well compensated - on the front - and the back end.
*** This is where we tell you that we're absolutely about to use the same strategies rich people and billionaires use - for us and our Founding Owners. By taking out a loan against your Equity Shares - it is non-taxable. And, because Microbid is making the loan we can forgive it if we want. And, let's call it a little unwritten tradition that we plan too.
**** If we blow this company up enough we can become a Registered Limited Partnership or re-incorporate part of the company to become a true security based corporation - which would make it even easier and more flexible for Founding Owners/Partners to borrow against their Equity outside of Microbid as the only lender.
That's all for now - here is where we're finishing up the Leaderboard for the $5M Founding Owner Kick-Off Promo: