CommonBond Case
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consumers’ preferred method of receiving commercial messages from
companies. CommonBond’s two primary target segments, in -school MBAs
seeking student loans and student loan refinancers seeking to find a lower
interest rate responded well to email with strong open and click through rates.
As CommonBond sought to grow throughout 2016, the team was cognizant
that the need to consistently communicate via email as well as launch new
products to different target markets would impact their email marketing
strategy.
The CommonBond Back Story CommonBond was founded in November 2011 by David Klein, Michael
Taormina, and Jessup Shean, who met at the University of Pennsylvania's
Wharton School of Business. The idea for the company was sparked by the
founders' frustration with the lack of affordable loan options to fund their own
graduate school education.
The trio put together a business plan and were accepted to the highly selective
Wharton Venture Initiation Program, which serves as a start up incubator for
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