OT: GoPro going IPO

[Coronita]

Congrats to the company and the founder….

Young bastard…lol…..

GoPro IPO valuation at $3Billion

http://www.forbes.com/sites/ryanmac/2014/06/11/surfer-kelly-slater-looks-to-cash-out-in-gopro-ipo-that-could-value-company-at-3-billion/

http://www.forbes.com/profile/nicholas-woodman/

Cool product, not sure if I would want to buy shares in the company though…

https://ipo.loyal3.com/gopro

[spdrun]

Certainly a better product than Beats,also valued at 3 billion.

[ucodegen]

[quote=spdrun]Certainly a better product than Beats,also valued at 3 billion.[/quote]I would agree with that. I think Apple is trying to buy the ‘name’ and the perceived following, probably from late Gen Y, current Gen X types. Personally I prefer Bose equip. Amar was one really sharp cookie. Vanu is not too bad either.

At $3bil, it way overvalues both of them. Nothing particularly special about putting a vid cam in an environmental enclosure. There is even a undersea pressure rated enclosure for my old Canon S70, which predates GoPro. The S70 can do video as well as pics. Somewhere around here, I have a water resistant competitor to GoPro. No real moat on GoPro.

[SK in CV]

[quote=ucodegen][quote=spdrun]Certainly a better product than Beats,also valued at 3 billion.[/quote]I would agree with that. I think Apple is trying to buy the ‘name’ and the perceived following, probably from late Gen Y, current Gen X types. Personally I prefer Bose equip. Amar was one really sharp cookie. Vanu is not too bad either.

[/quote]

I think they bought it for the streaming. Product is no better than upper end crap.

[ucodegen]

[quote=SK in CV]
I think they bought it for the streaming. Product is no better than upper end crap.[/quote]

Streaming what? There is a lot of prior art on streaming audio.. so no moat there. The only thing I can think of is the association of ‘Dr Dre’ with ‘Beats Audio’, as well as the ‘cool’ business name ‘Beats’..

[joec]

I’ve heard Apple bought Beats to get a high end “margin” business…

With how overpriced Beats is for what you get, maybe it’s just to make their margin numbers look better…

[SK in CV]

[quote=ucodegen][quote=SK in CV]
I think they bought it for the streaming. Product is no better than upper end crap.[/quote]

Streaming what? There is a lot of prior art on streaming audio.. so no moat there. The only thing I can think of is the association of ‘Dr Dre’ with ‘Beats Audio’, as well as the ‘cool’ business name ‘Beats’..[/quote]

Beats owns a subscription streaming business similar to spotify.

[ucodegen]

[quote=SK in CV]
Beats owns a subscription streaming business similar to spotify.[/quote]Still not enough to justify $3bil. iTunes has a streaming service too – iTunes radio. That’s why I’m still scratching my head on this one.

[FlyerInHi]

I’m surprised at the valuation of AirBNB and Uber.

[Coronita]

I didn’t originally understand why people like GoPro so much. But I have one for my auto cross duties, and I can see why people use them. Pretty tough little camera…

I think BMW just announced connected drive connectivity with it moving forward….

Well, anyway, I registered for IPO shares just in case I change my mind.. Better to be over prepared versus under prepared….

[flyer]

We, and just about everyone we know who have stakes in the entertainment business, are trying to cash in on “The Need To Be Perpetually Entertained,” Gen Y (around 88M in the US and over 200M in China as examples) entertainment products, and prepping for Gen Z launches, so the confirmation of this level of interest is definitely good news.

[joec]

[quote=flu]
Well, anyway, I registered for IPO shares just in case I change my mind.. Better to be over prepared versus under prepared….[/quote]

Will be interesting to see how this does if they allow anyone to buy. If anyone can buy shares, who will they flip the stock to?

Does anyone know historically, how stock available to the public has done?

I know of GOOG doing well, but a lot of others were major flops (like ZNGA).

I have no money so will probably just watch what it does.

[Coronita]

[quote=joec][quote=flu]
Well, anyway, I registered for IPO shares just in case I change my mind.. Better to be over prepared versus under prepared….[/quote]

Will be interesting to see how this does if they allow anyone to buy. If anyone can buy shares, who will they flip the stock to?

Does anyone know historically, how stock available to the public has done?

I know of GOOG doing well, but a lot of others were major flops (like ZNGA).

I have no money so will probably just watch what it does.[/quote]

My understanding is there will be a limited allocation of shares for those that are interested..

Maximum purchase is $10k..And that might change depending on how much interest there is…

Google’s IPO was a dutch auction…

[livinincali]

[quote=FlyerInHi]I’m surprised at the valuation of AirBNB and Uber.[/quote]

Welcome to technology/internet bubble 2.0. When it ends is anybody’s guess.

[desmond]

Hope all is well with everyone. One thing about the GoPro is how easy it is to use. Push a button for video or a picture. For “low-tech” guys like me makes it easy. You can just set the thing on the ground here in Texas and see what you get…….

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