Music to her ears: Lamonica Thomas taps into the digital greeting card market.Sometime in February 2000, Lamonica Thomas, 48, woke her husband to tell him about her unusual dream. "It might sound corny corn·y adj. corn·i·er, corn·i·est Trite, dated, melodramatic, or mawkishly sentimental. [From corn1. , but this idea came to me in the middle of the night and it would not leave me alone," says Thomas. The very next day, she went to work on her dream. Her vision gave birth on DVGreets.com (www.DVgreets.com). a home-based Internet operation that Thomas, the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , launched in 2002. The company uses popular music artists to create personalized, occasion-specific digital video greeting cards See e-card. that consumers can send as an e-mail via clip stream technology. "We're all connected through music," says Thomas, a former national program director for ABC Radio ABC Radio is a broadcasting unit of Citadel Broadcasting Corporation.[1] ABC Radio was, from 1945 until 2007, the division of the American Broadcasting Company (ABC) focused on AM radio and FM radio broadcasting. Networks. "I thought it would be great to fuse the power of music with greeting cards." Getting the new venture off the ground wasn't easy. Thomas spent two years trying to convince investors in Dallas near her home in Richardson, Texas Richardson is a suburb in Dallas County and Collin County, Texas. As of the 2000 census, the city had a total population of 91,803, while according to a 2006 estimate, the population had grown to 99,200. , that her unconventional dream was worth something in the $7.5 billion greeting card marketplace. "Dallas is really about biotech. oil, and gas," says Thomas. "It doesn't embrace entertainment technology." It wasn't just the business environment in Dallas that Thomas had to worry about--it was also the location of her business: the Internet. The once white-hot landscape of overnight ventures now lay smoldering smol·der also smoul·der intr.v. smol·dered, smol·der·ing, smol·ders 1. To burn with little smoke and no flame. 2. and had investors shaking their heads, saying no to Thomas over and over again. Thomas was turned down when she applied for a small business loan because she had no collateral. She spent an additional year researching the greeting card industry and modifying her business plan. After turning to family and friends, Thomas poured $30.000 into the company. Ten months later, toward the end of 2001, an angel investor An individual who invests his or her own money in a private company, which is typically a startup. An angel investor is not an employee or member of a bank, venture capital firm or other financial institution that normally makes such investments. answered Thomas' prayers (he gave her $700,000). Thomas also received artistic support from friend and jazz saxophonist, Kirk Whalum. He contributed his time as the company went through a series of prototypes for the cards. During April 2002, Thomas began to build the company's infrastructure, apply for a patent, meet the costs of video production, create a Website through a Java platform Running Java programs under the Java Virtual Machine (JVM). Java "platform" refers to the running of Java programs versus Java itself, which is a programming language. Java programs are machine independent and run intact on any hardware platform that has a Java interpreter (JVM). , and pay advance fees for music artists. "It was exciting, yet scary. The money went in about six months," she says. The company made it online just in time for the 2002 Christmas holiday season. Within the first two weeks. DV-greets.com saw over a half-million hits on its Website. Between December and Valentine's Day, users bought approximately 2,000 greeting cards. The electronic messages are comparable in price to paper cards. They feature recording artists such as Jonathan Butler, Michael McDonald, and Nancy Wilson. Other artists on the company's roster include Roberta Flack, Dave Koz, and George Duke. DV-greets has also just signed on to market the "Webisodes" of Doug Banks' cartoon show, The Adventures of the Urban Flava Creator. Thomas projects that her company will reach the breakeven point by the end of 2003. "The No. 1 Internet activity for African Americans is sending and receiving e-mail," Thomas asserts. "The most simplistic sim·plism n. The tendency to oversimplify an issue or a problem by ignoring complexities or complications. [French simplisme, from simple, simple, from Old French; see simple act that a person can do is wish someone a happy birthday ... now, with video streaming technology, greetings are more exciting and as convenient as sending an e-mail." |
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