What's more amazing is the valuation/sale they just received about a
year ago... the founder sold 50% of the company for $2bn.
$360 million a year in revenue, even at 50% profit margin, is $180
million profit. It will take 11 years to make that money back, but they
only own 50%... so it would take 22 years to make that money back. They
must see huge potential with the company and future projects.
Travis
On 10/23/2014 10:44 AM, Bill Prince via Af wrote:
Vivint claims an installed base of 800,000 and $30 million in monthly
revenue (http://www.vivint.com/company/about-us). That's not chump change.
It would appear that their fixed wireless internet product is a small
part of their overall enterprise.
bp
On 10/23/2014 8:55 AM, Ken Hohhof via Af wrote:
Is it kind of a Trojan Horse thing? Get in the door selling
Internet, then sell them home security and that’s where they make the
real money?
BTW, I’m not knocking that approach. I think we underestimate the
power of DISH, Direct, VZ/AT&T Wireless, they are already inside the
castle walls and upselling the customer to increase their ARPU. As
you drive around your coverage area, imagine you had the email
address and phone number of every target customer, and were already
billing them monthly, and could stick flyers in the bills, and send
texts to their phones, and to the customer your service was just
another line item in that bundle. Of course they may also hate you,
but you have to rise to a pretty high hate level for people to cancel
their bundle.
*From:* Travis Johnson via Af <mailto:[email protected]>
*Sent:* Thursday, October 23, 2014 10:09 AM
*To:* [email protected] <mailto:[email protected]>
*Subject:* Re: [AFMUG] Vivint wireless
20,000 - 30,000 subs in a year and half is great... but they have
probably $20mm into it, and they are dumping more money (millions)
into it as well.... it's a "play" thing for them. Kind of like
Google's "fiber across the ocean" project... something cool, but not
really your core business.
Travis
On 10/23/2014 8:51 AM, Mike Hammett via Af wrote:
Yeah, but they got that far... in a year? Year and a half?
-----
Mike Hammett
Intelligent Computing Solutions
http://www.ics-il.com
<https://www.facebook.com/ICSIL><https://plus.google.com/+IntelligentComputingSolutionsDeKalb><https://www.linkedin.com/company/intelligent-computing-solutions><https://twitter.com/ICSIL>
------------------------------------------------------------------------
*From: *"Travis Johnson via Af" mailto:[email protected]
*To: *[email protected]
*Sent: *Thursday, October 23, 2014 9:30:28 AM
*Subject: *Re: [AFMUG] Vivint wireless
Well, they only have about 150,000 more subs to go... :)
Travis
On 10/23/2014 6:35 AM, Mike Hammett via Af wrote:
*nods* They've been doing this for over a year. Last year at
WISPAPALOOZA they had like 30 people there. Some expect them to
overtake JAB as the largest WISP in the states.
-----
Mike Hammett
Intelligent Computing Solutions
http://www.ics-il.com
<https://www.facebook.com/ICSIL><https://plus.google.com/+IntelligentComputingSolutionsDeKalb><https://www.linkedin.com/company/intelligent-computing-solutions><https://twitter.com/ICSIL>
------------------------------------------------------------------------
*From: *"TJ Trout via Af" mailto:[email protected]
*To: *[email protected]
*Sent: *Wednesday, October 22, 2014 11:43:02 PM
*Subject: *Re: [AFMUG] Vivint wireless
Where have you been? Lol search the list :]
On Oct 22, 2014 8:39 PM, "Jaime Solorza via Af" <[email protected]
<mailto:[email protected]>> wrote:
Spoke to young guys from Vivint
Today at lunch and they are beta testing 50 x 50 mbps
wireless using a fiber fed hub and then cover a
neighborhood. Testing here and Utah somewhere. They work
for automation branch and didnt know particulars. Anyone
hear about this?
Jaime Solorza
