It’s been many months in the making. We’ve met some great people, learned a lot, signed a few agreements, and taken our first stab at building something interesting. So here it is.
Moxy Vote is our attempt to bring something important into the world.
It’s a proxy voting platform for retail shareholders. There are thousands of publicly-traded companies in the U.S. They’re some of the most powerful influences on our daily lives, providing the food we eat, the cars we drive, and the medicines we take. These companies are owned by shareholders, who get to have a say in how they’re run. 30% of their shares are held by individual investors, people like you and me, while the other 70% are in the accounts of large, institutional shareholders.
Here’s the thing. The institutional shareholders are heard in corporate boardrooms. The retail shareholders – the little guys – are not.
Why not? The vast majority of retail shareholders simply don’t vote their proxy ballots, sacrificing their chance to influence corporate behavior. The deck has been stacked against the small shareholders, who have not been able to easily access facts and viewpoints about things they can vote on, nor have they been able to connect with others to enjoy strength in numbers.
Note, there are two things the Internet is good at: allowing access to facts and viewpoints, and allowing people to connect with others.
Proxy voting does not have to be boring. It should be easy. The little guy should be heard.
Congratulations on the MoxyVote launch! it is clear a lot of work has gone into the back end. The functionality is exciting. You may know I published a similar concept, that of a proxy exchange, back in 2006. There are a few initiatives to implement that idea or something similar. MoxyVote is one of the most interesting. Best of luck. You have my full support. – Glyn