Our Second Annual Letter
The tradition for investment holding companies to publish an annual letter continues for us, too. Typically, these annual letters are directed at current or prospective investors – of which we have none.
Instead, I write this letter for our team members, contractors, customers, and many friends who have supported us along the way.
As we close our second full year of operations at Tomco Capital, I am pleased to share the progress and lessons we’ve experienced on our journey. This year has been pivotal in solidifying our commitment to building a robust holding company operating across diverse fields like technology, training, media, and publishing.
Key Highlights of 2023
It feels like the year has come and gone in a flash. While we had many little wins, here are our most exciting achievements of the year.
ERPlingo.com: Our flagship site, ERPlingo.com, has officially commenced commercial operations in 2023. Our AI-powered SAP Support Assistant is a first of its kind and has been a game-changer. Over 600 SAP professionals signed up this year to solve complex SAP issues for their companies and customers. We’re continually enhancing its capabilities, including the new SAP Email Assistant and Chat with PDF function (coming soon), setting the stage for an even more impactful 2024. Additional enhancements will upgrade the corporate platform to enable SAP teams to provide faster SAP support to their users.
Tomco.io: This year saw the successful launch of Tomco.io, our innovative lead generation platform that synergizes AI with robotic process automation. We’ve proudly become our own best customer, a testament to our belief in ‘eating our own dog food.’ 2024 will focus on refining our offerings into a subscription-based service, making it simpler and more effective for our users to find marketing-ready and/or sales-ready prospects.
Media and Publishing Ventures: After some strategic redirection, a name change, and a few long nights going back & forth about this, our publishing & media company is preparing to launch a series of low-content books (think notebooks, planners, etc.). What started as a giggle and a seemingly silly idea has now grown legs, and we couldn’t be more excited about this fun opportunity. The first series of notebooks are set to debut in Q1 of 2024.
Challenges and Learnings
Despite these successes, we encountered a few setbacks, too. A personal move to another city zapped productivity for several months, while extensive personal travel significantly cut into work hours. Additionally, limited resource availability slowed down our progress on several fronts.
- Tomco.AI, our content generation platform, faced stiff competition from many evolving and similar AI tools, which impacted our progress. But we are still undeterred and committed to its operation and further development.
- Similarly, DailyGratitude.io, initially a gratitude platform, is now pivoting towards a broader journaling app, a shift we are very excited to explore in early 2024.
- Likewise, our social media growth platform, ViralFollowers.com, has been dormant for most of the year. We are looking forward to putting our thinking caps on to see how we can reimagine this business in 2024.
Looking Ahead to 2024
As we look to the future, our vision remains clear and ambitious. We are dedicated to nurturing our existing ventures and exploring potentially two new opportunities that align with our long-term goals. In 2024, we will focus on growing our customer following and generating cash flow for our most promising brands while retooling and launching new ones.
In closing, I want to thank our team members for their amazing and inspiring contributions to our shared vision. And most importantly, I am grateful for our early customers who believe in our mission and services as much as we do ourselves. Thank you for being part of our journey.
Here’s to a groundbreaking 2024!
Thomas Michael
CEO
Tomco Capital Corporation
