Ted Leonsis, the Man, the Myth, the Legend himself, has declared himself “Web 2.0″ with the announcement and beta launch of Revolution Money Exchange.

First, let me say relax. Ted’s no longer calling himself an SEO, and he even told me he respects what SEOs do and hires plenty of them in his businesses, so no need to fire up another Ted Leonsis SEO Contest, ok? ;-)

According to the press release, it’s Revolution Money, a payment processor and more. There’s a gift card, a pre-paid card, a credit card link, and PayPal-like money transfers with NO FEE on either end. That’s right… free transfer of money to and from your bank account, and then between account holders. Like PayPal without the fees. Imagine that.

Oh and did I mention it’s Web 2.0? Really. Steve Case says it is, in the press release:

“So we have built an innovative Web 2.0 company based on the latest technology to disrupt the decades-old system…”

It’s innovative. It’s Web 2.0. I didn’t see the words “brilliant” or “passionate” used to describe the founders, but clearly they are brilliant and passionate. And it’s Web 2.0, as the press release continues to assert:

“Revolution Money has created the first Web 2.0 payment platform designed for a mainstream consumer audience, especially those who enjoy the convenience of handling their financial affairs and purchasing online.”

Personally, I’m not sure what’s Web 2.0 about it. The site itself does have some light green and light blue coloring, and the corners of the boxes are slightly rounded if you look real close, but it’s using the transitional doctype and it fails validation. The gray on white text? Nope. And I don’t see any shiny floors either. To me, it sort of looks like a thin affiliate payday loan site. But hey, it is in beta and it’s free so maybe it is Web 2.0 worthy? Not my call. They say it’s Web 2.0. There are a bunch of domains… not all un-parked yet. Maybe that’s the Web 2.0 part?
Anyway it is an interesting project for sure, because of the big names on the management roster:

Management Team: Ted Leonsis… Steve Case, Lawrence Summers, former U.S. Treasury Secretary; Russell Hogg, former President and CEO of MasterCard International, Inc.; Franklin Raines, former CEO of Fannie Mae and former director of the Office of Management and Budget; David Pottruck, former CEO of Charles Schwab; David Golden, CFO of Revolution LLC and former Vice Chairman of JPMorgan; Jason Hogg, Founder and CEO of Revolution Money; and Patrick Graf, Co-founder and CTO of Revolution Money. Marshall Group Chairman and CEO Dennis Mathisen is also a founding investor.

With such heavy hitters is almost seems shameful to proclaim it Web 2.0. So well established and impressive, why suffer the Web 2.0 label? Even the worker bee managers are big business:

Hogg was previously a founder of MBNA Canada and chief business development officer at MBNA Canada. He was the COO of Medsite, Inc. and previously President of HorizonLive. Hogg is the son of Russell Hogg, the former President and CEO of MasterCard International Inc., who is credited with launching BankNet, MasterCard’s global packet-switching network. Graf was previously SVP for Q1 Solutions. Hogg and Graf are joined by COO Dax Cummings and CFO Darren Thompson. Cummings is a seasoned veteran who previously ran MBNA’s US Endorsed Card business and served as member of their Management Committee. Thompson was formerly the head of Credit Finance at Fannie Mae and a Managing Director at Goldman Sachs.

That’s some serious pedigree going after online banking via the micropayment route. These guys know how to manage float, and surely they have the acquired taste needed to truly appreciate the sweet taste of slippage. Did I mention they are actually promoting this as a means of “anonymous transactions on the Internet“? It’s in the press release. From what I see you need to tie both ends to bank accounts, so I don’t see the anonymity myself, but I trust Ted Leonsis. If “overthrow the second oldest profession” was on Ted’s ToDo list, this would be the attempt.

Filed under Ted Leonsis and I wish I had screened Nanking.

Topical Tags:Revolution ted leonsis The Rape of Nanking

Yes, you read that right. Merry Christmas to Ted.

I don’t do SEO contests, but this one has been special so I played along. And I have learned about Ted Leonsis in the process.

Ted rose to the top of AOL (not my favorite company) and stayed there (not something I usually respect). And along the way he made a lot of money. But he’s still prime, now rich, and he knows people so he can exert influence to do what he wants. Sure he got all that fast car stuff going once he was riding the wave of money, but maybe he’s got it out of his system and can now afford to be a genuine human being? Maybe it’s time for a new 101 list that is less about the ownership thing and more about making the world a better place?

And we have been helping him raise his profile in the “modern” techno world with this “contest”. Merry Christmas, Ted, we’ve been promoting you for free. A few months ago Jason Calcanis was the most popular name in web marketing world to comeout of AOL. Now it’s you. Hah! I saw that smile. Good for you. Enjoy your Christmas, and say hello to the family for me. 

Ted’s got the potential now to do much, much more than ride AOL through it’s prime. Ted seems to like to lose money (Washington Capitols, are the Wizards making money now?), but as Microsoft’s Paul Allen has shown us, if you have enough to waste you can get some good stuff done along the spend.

Ted’s just made Nanking, an independent film that cost him reportedly over $2 million. I haven’t seen it yet, but I will. I, too, was impacted quite a bit by the tragic death of Iris Chang.

I wasn’t cruising the Carribean in my yacht when I read about her death, like Ted was. At that time I was more lilkely to be cruising Barnegat Bay in my inflatable Zodiac boat, crabbing with my two very young boys, and lamentng the loss of water quality in the over-developed bay area. And Ms. Chang’s death didn’t move me to make a movie, as it did Ted, because 1.) “Make a Hollywood Movie” isn’t on my “to do” list and 2.) I would never consider “making a movie” to be in line with my emotions regarding a tragic wrong mis-handled in the world. I’m not a BigMediaMogul, I suppose.

Ted wants to tell the story of Nanking to the world, as Iris Chang wanted to do. I prefered to learn from Iris that constant, bridled negative emotions can kill, and that we all need someone sometime (we can’t do everything alone), and that every one of us, at some point, may be fragile and worthy of some consideration. I suppose I am a bit of a humanist. 

Of course Ted’s on to Sundance or Cannes with this film, and I just know it’s not because he wants to win, but because he wants the film to get wide exposure so it can do more good in the world. See what I mean? He’s already acting more benevolent. Good for you, Ted. After filling the landfills with billions of plastic AOL CDs and countless pounds of elaborate plastic cases, holders, and mailing packages that nobody wanted, there is room for you to do good in the world. I’m confident this is but a start. Again, good for you.

Merry Christmas Ted Leonsis. And many more to come.

It’s Holiday Blog Tag time, where if you get tagged by another blogger you write five things most people don’t know about you and then tag five others so they can do the same. I’ve been tagged several times over the past week so I give in.. here’s my 5 Things:

1. I worked for Publisher’s Clearing House (PCH) back in the day of the big magazine subscription sweepstakes, before Ed McMann put his face all over an American Family copy-cat. You might say that was my introduction to marketing (although I was just a kid working the night shift for beer money). By the way, Robert H. Treller didn’t exist, and you really didn’t need to buy magazines to have a chance at winning. I learned about corporate spying while with PCH, and alot about the competitive side of marketing. I also got to see first hand how someone working in the mail room gets to know almost everything and every one in a business.
2. I started my first real job when I was 14 years old, working as a dishwasher in a French restaurant on the Miracle Mile in Manhasset, NY (Brasserie St. Germaine). I lied and said I was 16. By age 15 I was a bus boy. I remember when the waitresses would bring me along to The Chalet in Roslyn after work (after 10pm) so they had someone with them besides the fresh-of-the-boat French chef trainees, who were hard-to-handle. Beer, women, and crazy French sous Chefs in bars at age 15… is there any wonder?
3. I have shot perfect 25 while trapshooting twice in my life, both times costing my dad a round for the boys at the yacht club bar. The first time he was happy to pay the bar bill, because he was proud of his kid. The second time, I am not so sure. I haven’t been invited back for a third opportunity yet, but I did get invited on their annual Sporting Clays outing last spring. I shot the high score. And by the way, just to keep it interesting, I shoot trap and sporting clays with a made-in-Japan Browning pump shotgun.
4. I once walked 50 miles in one day. No, it wasn’t for boy scouts, but it was during high school. I earned a patch, but there was no way I’d put that sucker on my junior varsity Lacrosse jacket. I did it to show I could. In case you were wondering, the first 24 miles are the easiest. Oh, and if you ever try that yourself, learn from my mistake and do not pack a salami sandwich and chocolate milk as your lunch. There are better choices.
5. Finally, because the idea of marketers who don’t watch TV is odd but also oddly common, I’ll admit that we tossed TV out of our house almost 3 years ago. Except for pro sports and late night infomercials from which cocktail party jokes are made (”…aw honey, sandwiches again?”), I don’t miss it.

Now to pass the Holiday BlogTag baton to 5 others… I tag Susan Torrico, Chris Snyder, Jeff Loiselle, Steve McArthur, and Hans Kaspersetz.