The Ledger
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Rampton aims to monopolize payments and bankrupt rivals PayPal and Venmo
“You know, ultimately do want to monopolize it and put some of those guys out of business, obviously, or have them acquire us mainly put them out of business. We don't, our goal is not to be acquired.”
Rampton: Pixloo patent covered 360-degree photos and was widely infringed
“Yeah, so there was a technology, primarily we owned a patent. Or, I mean, that was probably our biggest asset was we owned a patent where if you take a camera and spin it 360 degrees. We own that patent. So pretty much. Yeah. Any photographer in the world has …”
Due rejected a multi-million-dollar acquisition offer weeks after launch
“Like we've already had like one company approach us and be like, Hey, you know, would you guys be interested in selling them? You know, can you know, seriously go down that road to the point where they were making serious offers. I mean, they gave us a lawyer …”
Rampton: Patents inhibit natural human innovation despite being lucrative
“You know, I have a love, hate, Relationship with patents. One, because they've made me a lot of money in the past, but two, I hate them because, you know, I think they inhibit people from doing what they, you know, are naturally bound to do.”
Rampton: Due Processed $4M in Transaction Volume in February 2016
“So transaction volume in February, 2016 was about four million dollars.”
Rampton: Due has around 60,000 registered users
“We're about 60 total thousand people have signed up.”
Rampton: Due paid $130,000 to acquire Due.com domain name
“I mean, just the domain alone, do.com. I mean, we paid a 130,000 for it.”
Rampton personally invested nearly $500,000 to launch Due
“Have you put in more than 500 grand into this so far? John Rampton: very, very close to that.”
Rampton: 95% of Due's Credit Card Transactions Are B2B
“You know, the consumer to consumer don't do a ton of transactions, so it's probably about 95% business to business.
As far as credit card transactions go.”
Rampton: Host ranked on Google page one for 'free hosting' in nine months
“Prior to this, I owned a company called Host, and in a matter of about nine months, we were able to take it from, you know, nothing in a brand new site to ranking for, you know, some of the hardest terms on the internet, including right now, the site Is on pag…”