Blackbird Share Discussion Threads

[hyperal] 07/3/2024 11:22

clocktower

The technology behind elevate has been developed over decades. I assume it's the frontend interface that has been developed to create elevate. The company stated they will continue to develop modules/add-ons to meet the needs of clients. The amount of money required for future software development should be smaller compared to the past and I would expect it to be more than adequately funded from income or directly funded by clients who require bespoke add-ons. Imho.dyor

[nickb] 07/3/2024 11:21

‘Years of work can become worthless when a disrupter comes along in any market, and if they have the backing of a big institutional investor you get stuffed.’

Yes
We are the Disruptor😀

[clocktower] 07/3/2024 11:08

The company is going to need a lot more than the £7 million they nearly had, to get to a stage that it could show any potential, as they are no longer able to attract big valuable clients.

Hence the MM happy to go only selling stock at 6p all day long imo.

[hyperal] 07/3/2024 11:06

NickB
I remember getting very excited for the company when cloud computing started, I was an investor then, but it was a bit early. Now cloud computing is the norm, the creator community is huge, and with AI growing rapidly, this is definitely the correct time for elevate. We are seriously going to disrupt the market.

[johnveals] 07/3/2024 11:05

jj, let’s call it £40 then.

clocktower, we are the disruptor.

[pokerchips2] 07/3/2024 10:58

IM was quite low key about the potential for using the client data , but I think he knows without saying too much, that, that is a revenue earner and valuable in itself..

[jj_1237] 07/3/2024 10:53

>>I would bet he has done the maths to work out what it would have to be sold for to make him a billionaire, and it's less than half of £37

yes, but i've always thought that IM would want to be a billionaire from the sale ... or at least in total including 'family interests'

so i still think that would be the target.

[leighford] 07/3/2024 10:49

Current valuation doesn’t even cover the invested R&D over the years.
Imo the share price is adrift by orders of magnitude.

[clocktower] 07/3/2024 10:48

Years of work can become worthless when a disrupter comes along in any market, and if they have the backing of a big institutional investor you get stuffed.

Many years ago when I invested in a IP startup, the company was having trouble finding clients because it was so far ahead of its time. One of the large banks came along and at a meeting advised us, there were three companies they were looking at, and whoever became profitable first, they would just buy it out at that stage, even though it was going to cost them millions more.

After the meeting I stopped tearing up money and pulled the plug.

If BIRD’s pockets are deep enough ( investors) then maybe a big win, otherwise the bin.

[johnveals] 07/3/2024 10:44

There seemed to be a merging of minds between IM and SS when the question about whether they have a figure for a buyout in mind. I suspect they have discussed it, and I suspect it is big, very big.

Why would SS give away his life work for millions, or even tens of millions.

I would bet he has done the maths to work out what it would have to be sold for to make him a billionaire, and it's less than half of £37.

[nickb] 07/3/2024 10:37

Hyper
Well said

This isn’t easy and time to market is critical.

Try and build a Canva or Figma now!

[nickb] 07/3/2024 10:31

Under the surface their has been a lot of shares moving and changing hands/ accounts over the last month or two

[nickb] 07/3/2024 10:28

John
Absolutely and that’s the big picture here

Try and get a young creative video editor to use Avid they see it as old fashioned clunky.

Younger people want to work with web apps and collaborate across the internet is my big bet!

[johnveals] 07/3/2024 10:24

SWMBO and myself watch Freeview TV and use a hard disc recorder to record stuff so we can fast forward through the adverts. I watch some stuff on YouTube.

It feels akin to listening to 78 records on a wind up gramophone.

Our daughter doesn't have a TV license and doesn't watch any broadcast TV, she is 34.

Enterprise may be dead, except high end, but video is exploding at the same time as the cloud is expanding.

I think we're in the right place at the right time.

[nickb] 07/3/2024 10:22

Salmon

GV are an open platform I don’t think it’s them who are not making it happen!

We are focused on elevate with our resources.

I also highly speculate that if a big player is interested in us they would see our enterprise side as a pain to have to deal with in their strategy. (Just a view)

[salmon9] 07/3/2024 10:17

NickB
The answer to my Grass Valley question was also interesting.
The fact is that if you go on the Grass Valley web site and search on Blackbird, it takes you straight through to AMPP.
Ian said there is no current business going on with them, so I assume it is the same issue that the industry is in recession and so perhaps a bit like I understand EVS are finding things, there is a lack of appetite for costs related to changing methods of working.
So, it sounds like it is poised to lead to business at some point, but no guarantee when.

[nickb] 07/3/2024 10:16

Clocktower

But they don’t have the technology to pull that off.

It also takes years of development

Investors are not recognising the decades of technology investment here they see that as worthless in a business sense.

They don’t recognise all that development and testing at the top of the pyramid we have done
They don’t recognise the efficiency of Blackbird technology which will come into play at scale with considerably lower AWS costs compared to what the competition could achieve with off the shelf video technology.


So releasing something better a few months later would take years of development from some time ago.

[johnveals] 07/3/2024 10:15

clocktower, I think Sumit Rai probably has it under control.

[johnveals] 07/3/2024 10:12

That's an interesting observation salmon9, because if that does happen it would complicate any acquisition by a major under the MMC.

Which lends support to the NickB theory for an early buyout.

[clocktower] 07/3/2024 10:08

Three/ six months free for every new client is the way to add quickly and cheaply and then see if they can retain customers.

[nickb] 07/3/2024 10:07

Salmon yes interesting but SS needed more grilling on that statement

1. They are not interested
2. See how it goes
3. They can’t

SS sees the reason as option 3 I reckon.


Ian also said he didn’t want to say too much because he thought the competition will be watching that investor meeting

[clocktower] 07/3/2024 10:06

How can he possibly know if the competition have a product that they are working on?

They might well be waiting to see how they can upstage BIRD and add extra features and then launch wa bigger budget, and just destroy what is left of the company, picking up any assets for a few bucks.

[pokerchips2] 07/3/2024 10:04

100,000 users is 0.038% of the adult population of the USA
1,000,000 users is 0.38% of the adult population of the USA

so 30,000 is utterly tiny expectation ...

[salmon9] 07/3/2024 09:57

NickB
In one of my questions yesterday I asked them what they thought the big competition would do when they launch elevate, and although all my other questions were answered quite fully, they didn't comment at all about how the competition might react when they launch.
As we know, SS did say that the competition had no plans to launch a similar product.
I think the least the competition will do is watch closely how it is received, and sign up for a subscription!!