Today Show: Invest In Mike Merrill Stocks
Would you let a stranger tell you what to wear, who to date or where to eat? Mike Merrill would and he has been doing it for a long time. Five years ago Merrill started selling shares of himself to investors through his business KMikeyM.com. Since starting his business he has gained over 300 shareholders, he has his own logo and his own theme song, all voted on by the shareholders of course. All his investors can buy and sell their stock in Merrill on their own private market, built by Merrill, and they all weigh in on his biggest decisions.
Merrill’s investors, half of whom are strangers to Merrill, have made some pretty big decisions for him so far in his life. They have voted for him to only wear Brooks Brothers, they voted for him to change from a Democrat to a Republican and they voted against him having a vasectomy. Merrill even let his shareholders vote on his personal life, with the vote coming back a “yes” when he asked to move in with his girlfriend.
Merrill said his long term goal is to be the best version of himself he can be or at least the best version his shareholders want.
Today Show: Mike Merrill Sells Stocks Of Himself To Strangers
So how is Merrill so sure all his shareholders won’t vote for decisions that could ruin his life? Merrill said his company is a beacon for like-minded people. He said people can research about him on the internet meaning people can get a sense of him before they buy shares of him. He is confident the people are looking out more for their investment.
Merrill isn’t a safe bet though. He told the Today Show he is definitely a high risk investment for his stockholders, which doesn’t make too much sense since everyone can vote on what he does and if his stock plummets, he is going to be out of a job. Either way, Merrill said he would never override any of the decisions approved by his stockholders because he knows his stock price is correlated to how much his shareholders trust him.
His stocks value was around $12.80 yesterday which is pretty good for a single person who has strangers, friends and his entire family all buying into him. Well almost everyone in his family. He mother didn’t buy stock in her son. Merrill said she did not agree with placing a monetary value on how much a person influenced your life. What’s next on the docket to discuss? Merrill’s six month commitment to his girlfriend is coming up soon. Hopefully the investors don’t kick her to the curb.