A good door to door salesforce is worth a lot of money. That’s what Vivint has. As for its wireless business, they did it the wrong way, it doesn’t work well, and I can’t even imagine working with Huawei. Whoever proposed that division or is running it is making some huge mistakes. I think Huawei was brought in to see if they can bring to bear their ummm, historic methods of R&D, to ummm “develop” their products faster. I’m sure that Huawei will be very aggressive in making the product better by utilizing their “engineering” resources back in China to accelerate the results. That should keep me from getting sued by them. Then again, we put up a Mikrotik router 1 month ago and someone from China already corrupted it yesterday and is still banging on it but I’m sure there is no correlation.
Rory From: Af [mailto:[email protected]] On Behalf Of Travis Johnson via Af Sent: Thursday, October 23, 2014 10:04 AM To: [email protected] Subject: Re: [AFMUG] Vivint wireless 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] 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]> 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
