AMI KASSAR's LETTER to JOE MANSUETO, OWNER of INC.

mail

Mr. Joe Mansueto

Mansueto Office

The Wrigley Building

400 N. Michigan Ave. Suite 350

Chicago, IL 60611


Dear Mr. Mansueto:

Inc. Magazine, a company you have owned since 2005, recently published its inaugural Power Partner Awards. Your site suggests the list offers your readers a "seal of approval for B2B companies that you can rely on." In addition, the site indicates that your team did deep research, "we are journalists after all," to pick reputable, reliable companies that can help your readers with their businesses. The front cover of your November print magazine describes these vendors as “Companies Founders can’t live without.:

Ironically, in your Finance category, several new partners actively and aggressively promote short-term high-interest loans to entrepreneurs and small business owners that can often exceed APRs north of 50 percent, as well as merchant cash advances.   Unfortunately, these financial products often place business owners in debt traps. Your new “Power Partners” of particular concern include Forward Financing, National Business Capital, and Rok Financial

Mr. Mansueto, your family office site, discusses "valuing quality journalism." In this spirit, I hope your editors at Inc. will remove the above “Power Partners” from your list. Your site also states that Inc. has been the entrepreneurs' handbook since its start in 1979. If you believe, as I do, in the importance of entrepreneurship, I hope you will have these “Power Partners” removed immediately.

Sincerely,

Ami Kassar

Founder and CEO 

MultiFunding LLC

Amisights.com is where entrepreneurs and business owners come to get a daily dose of real world examples and answers to the challenges they face.

 

Business strategist, Ami Kassar of MultiFunding, writes his daily blog to shares insights about business growth, sustainability, financing market trends, inspirational messages and a little humor mixed with a dose of humility. 


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This is impressive and intriguing, I have never seen an archetype for entrepreneurs. I can see how this would be helpful for entrepreneurs to understand. Love it!

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-Ivy G.

This is impressive and intriguing, I have never seen an archetype for entrepreneurs. I can see how this would be helpful for entrepreneurs to understand. Love it!


-Ivy G.