All that generative AI for video needs needs a video editor to put it all together creatively so as to monetise the AI and the billions of dollars being invested |
This is the most interesting event
29 Feb 2024 07:00 AM
RNS
Placing to raise approximately £1.05 million
Suggests no further appetite to invest in Bird. I think this is it, they need to demonstrate a revenue generating product. My guess is that most of them take themselves too seriously and that's why the paid launch hasn't happened.
My guess is the launch will fail but over time it could be a success. They need to inject speed. Horrific to think 4 years after the £8M placing they still have no paid tier of elevate despite it being a feature lite version of Blackbird.
Incredibly frustrating. |
I suppose one way of raising money is to have some sort of payment gateway for elevate.io
Could be set up in a month or two
Just a thought |
mk
Spot on. |
cyberpub - 3rd party storage integration has to happen at some point. doubtful will involve mirroring files (which would make the customer pay twice!), only the blackbird encoded footprint need end up on elevate servers. so probable the size (cost) would be much less (average ratio would be question for BB), perhaps only encode the content on demand (further reducing storage burden), even purge encoded data based on age (to reduce it further still). it could be reencoded later if needed. only encoded content on an active project timeline or published via spark would need to be retained long term. if all the content is always uploaded to elevate.io it's a different matter and we take the full hit. |
So we’re due another around November 26 looking at the trends & frequency of the historic placings.
Smashing, thanks for that! |
I have done a basic analysis of past placings (please let me know if I missed any)
Oh and if it isn't Nov/Dec it's February
I'd be quite nervous of an IMMINENT discounted dilutive fundraise folks
It seems November/December is the favourite time for Placings when it comes to BIRD
29 Feb 2024 07:00 AM
RNS
Placing to raise approximately £1.05 million
08 Dec 2021 07:00 AM
RNS
Placing to raise £8 million
17 Dec 2019 04:45 PM
RNS
Update re Admission of the Second Placing Shares
29 Nov 2019 07:00 AM
RNS
Placing to raise approximately £5.54 million
04 Jun 2018 07:00 AM
RNS
Placing to raise £5.75 million and notice of GM
01 Dec 2016 07:00 AM
RNS
Placing to raise £3 million & Notice of GM |
So stop whinging on about fundraising and get some positive vibes going for a change. The naysayers and shorters jump on the negative speculation and push it as a done deal. Don’t give them the opportunity. |
Fwiw, market cap £20 million. I'm still hoping something positive happens in q1 and I don't mean another fundraising. |
we are now in the window of execution and still we get despondent comments of doom and gloom.
reading comments on here makes me wonder why some of you are invested / still invested |
Pat
But the work should be largely done |
Cyberbub - it’s not a huge ask, but it needs to at least solve their problems and provide the appropriate value. Give a fair bit of functionality and it’s fine. If you look at Figma they charge as much as £70 p/m but will be offering a huge amount as the product will have developed so much over time.
NickB - clearly I’m referring to the existing product and say this will need adding to for launch - the paid version. |
Also worth saying is that Pro users will have access to lots of other apps
eg elevate users will/ should have Canva
I have been using Canva for graphics to go into elevate
Normal way of working |
It's prosumer. One man band creators trying to get out there. They'll need a lot more than our offering. Also, hard to understand why any decent editors wouldn't have a decent laptop and use davinci resolve. So basically, the same market as capcut/ veed.io
Capcut pricing here.
[...]
It offers a lot more than we offer. Shame we aren't selling our software as could be adding features based on the feedback of paying customers.
BIRD feels like a civil service organization rather than a competitive company. In fact, even public utility companies have PR teams. Bird is like a utility company with a PR team from mi5 to suppress information/ excitement. |
£30 is too low for enterprise |
I don’t think the enterprise level will be introduced in Q1 could be wrong.
Pat you can’t say that the product isn’t there because you don’t have access to the paid version |
Pat Cash when you say "as much as" £30 a month for an Enterprise, is that really a huge ask? Any Enterprise that can't afford £30 a month to carry out its fundamental business is surely going to struggle? |
Cyberbub - they probably won’t be bothered whether it’s £10 or £15 if it’s, as you say, exactly what they need to run their business. As it stands, the product isn’t near there though - which is why I and others have said there’s quite a few features that need adding for launch. To charge as much as £30 for enterprise they’ll need to show a real tangible differentiation between that and the Pro tier - which may be tricky given it’s in its absolute infancy. We’ll see what they come up with though. Exciting. |
Cyber
That’s a good point but it’s a calculation to find a sweet spot.
If you want max subscribers you need to keep the price low I reckon
Real pro’s will find themselves using enterprise level through invite due to their clients status
So enterprise has great flexibility on pricing to a higher level justified by productivity efficiency and increased creativity through collaboration
One advantage to a low entry price say £10 per month you can charge additional fees for extra services that are used on demand occasionally.
eg. AI services
The more users you can get the more opportunities to monetise dynamically.
It’s not just an editor it’s a creator platform. |
In the meantime video editing seems to be carrying on regardless.
Are we at the stage yet where there is clear water between traditional editing and what elevate offers?
Surely elevate must offer a compelling reason to switch. Mind you, I have no idea but would like to see the whole marketing pitch take a major hike upwards. |
bonio
Through corporate action so not in our control |
I've previously said that video editors must surely understand/accept that with massive file sizes, they are going to have to pay a bit more per month for Elevate than Canva?The amounts of money involved are still very small. Are prosumer/professional vlogger types really going to be bothered if it's £10 a month or £15 a month, if it's exactly what they need to run their businesses?Having said that I'm sure the company will have done their market research and surveys... |
Another myth - Enterprise has lost plenty of sports clients recently. NHL, Liverpool, Deltatre. Eurovision spring to mind for starters.
Still to be seen if TNT use us now they have replaced BT. |
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