Laber Invests in Federman
Uri Laber of Optima Ventures and Ben Federman of 1SaleADay, both donors to Chabad causes, announced its new partnership after praying at the Rebbe’s Ohel in Queens.
1SaleADay.com, home to the largest independently owned daily deal website, today announced its new partnership with Optima Ventures, a leading global investment group. Optima Venture’s capital investment will enable the company to continue to fulfill its 1.5 million customers’ ever-growing appetite for their daily deal offers. With the new funding, 1SaleADay plans to take deal-a-day shopping to new heights by offering even more aggressive prices, more desirable brands and improved infrastructure.
1SaleADay offers one daily deal in five categories, selling each for 75 to 95 percent off retail prices. They sell more of one item in a single day than other major e-tailers who often sell thousands of SKUs, resulting in outstanding relationships with the world’s leading electronics, watches, home goods and jewelry manufacturers. 1SaleADay’s immense buying power, coupled with its reputation for passing along the savings to the consumer, results in more than 400,000 visits every day.
“Thanks to our loyal customers, 1SaleADay.com has experienced phenomenal growth over the past year—gross revenue and profits have both tripled,” said Ben Federman, founder and CEO of 1SaleADay. “Clearly we’re no longer the best-kept secret on the web. This capital infusion will enable us to maintain the momentum we have and to move into our next phase of growth.”
“1SaleADay.com has become an Internet sensation and current run rates peg the value of 1SaleADay to top $300 million in the next 1 to 2 years,” said Uri Laber, CEO of Optima Ventures. “This investment should send that trajectory into the $700-$800 million range. We’re excited to invest in 1SaleADay, Ben and his excellent portfolio of companies, as they transform the way people shop for deals online.”
Federman said the company plans to invest in their customers by committing the bulk of the investment into strengthening its buying power and streamlining its infrastructure. With bigger buying power and improved service, Federman said, customers and loyal fans can expect to see many exciting positive changes coming their way.
Federman explains why he chose Optima over venture capitalists that approached him: “The Optima team shares our commitment to investing in our customers by always having the lowest price online,” Federman said. “Beyond that, Uri and I come from similar middle-class Milwaukee homes, and understand, first-hand, the consumer’s ever-growing demand for affordable products. We also share common values regarding philanthropy and giving back to our communities.”
Federman and Optima E-Commerce have launched a new parent company, Octagon Commerce, to bring all five of Federman’s online deal sites and all new joint social media and e-commerce ventures together under one umbrella.
A Benny Fan
Go Benny! You’re Da Man!! (and please teach Uri what it means to give tzedakah, with all due respect). Much Hatzlacha to you two!! Chabad needs you!! May Hashem bless you and you should be able to, very soon, start pumping money into Chabad, both for the the “pnim” and for the “chutz”!! (and don’t forget the pnim, after all, without the pnim, there’s no chutz).
smart shooters
There heads are screwed on straight. Two guys who know where the bracha comes form. only good things for all of us who enjoy the jem videos, the shluchim office school, and all the other tzedokos they support!
werid
to #1 you sound like you think you know it all, are you involved in all mankind that give and help others day to day living? have you ever heard of helping others without want to publicize it? some people actually give and want no recognition, so maybe think before you write an unintelligent comment like that
to 3
those where my exact thought, lets all be positive and don’t be quick to judge.
To werid
you sound like you give a lot of money and want some recognition, or maybe you are just very werid
Num. 1
Hi, i’m the Benny fan. To #3 you have a point and I apologize if I was offensive. Didn’t intend to be.
The Rebbe once spoke by a Farbrengen about a certain person saying (content, not exact words): How come we dont see him on any lit’s of Tzedakah?! Maybe he’s an “anav” and he doesn’t want to publicize his name and want to only give “matan beseiser”, but, the Rebbe continued, he has enough money to give “beseiser” AND “begolui”!. End “quote”.
Today, with the internet and general globalization, it is increasingly hard not to know (about) how much wealthy people have and how much they give.
Uri fan
I know both Beny and Uri. They both have real Chassidishe hertzer and care deeply for the Rebbe’s inyonim.
Re Uri: He gives alot of Tzedaka and b’seiser. I know of one moisad he gave 300k to last year (without any acknowledgment)another 400k countless Shluchim, Schools, Shluchim office etc. etc. etc.
Your public comment was factually wrong and discusting!
May they both have tremendous Hatzlocha – ad bli dai!
#1 very uninformed
Laber has been a pioneer in Tzedakah for years. He has been a pillar of support for Rabbi kaminezky in Dnepropetrovsk giving millions long before Mr. Bogolubov even became a donor.
to #8
very well written, its the truth!
another note
Also worth mentioning that Motti Korf is Labers partner in the venture and himself a huge giver of Tzedakah. Being honored this week for giving 500k to mosdos chabad in FL.