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Why would they raise £1m now. They have always been very astute at raising new capital from equity when their share price was pumped and peaked. They are absolutely brilliant at this. Raising £1m now, launching a premature beta product without the functionality and giving it away free, does not fill investors with confidence. They are going to struggle to raise the share price with hype messages only. This phase for them is now over I think. Too much of it. Its going to take real revenue growth to make a difference to the share price.
SisterAct
yes..it is very,very early days ....but ..with all what is already available on the Enterprise Platform it shows what can soon be added within the elevate.io platform ..... it is there and waiting in the background ..
right now it is a pre-Easter release purely to meet IM time-target and it will be free for anyone just to explore the very basics , with few even knowing it is there, just yet
The traffic to the website though is building the SEO footprint
They are NOT giving the MAIN product away free .... at the moment it isnt loaded with all the pay features ..it is a soft opening to early lookers
post Easter is when the next update will come and it remains then to see if such things then happen .." at pace"
Today isnt really a "launch" ..... as I say an " open release" of the continuation of "early release" to meet IM target
ATB
Come on, there is an obsession with the story and what the product can do. so what !. Bird for years has promised, promised and promised some more, award after award. so what... it's irrelant. they are making no money,losing customers, a business making no money eventually goes under and the well will eventually run dry when people realise what is actually going on here. they have very convincing mouthpieces but there is no point in having the best product if no-one wants it. If it is the best product why give it away.. it smacks of desperation to me. in my view the stategy is all wrong its.... the small tiddler from wimbledon has the best editing software for the creator economy but we are going to give it you for free, we aren't making any money by the way but we'll survive because people believe our story and it will happen......... eventually !!
I loved this soundbite which was always my vision for Blackbird now elevate "Our goal is that, over time, elevate.io will come to define how content is created and stories are told individually and through collaborating in teams."
The world is about to discover the disruptive technology of elevate.io
If you are into serious video editing and have access to a Chrome web browser then visit https://elevate.io once logged in things may look quite basic for now, although editing is very smooth. The most amazing part is available. Create a project then click that "Share" button, you can now collaborate with any number of users, from anywhere in the world on the same project. It is amazing and transformational for the industry. That is why I am invested here. Enjoy! 😊 If you have any problems or suggestions, support is fantastic.
It is the nature of the business that it is developed over time. In fact almost all cloud based software solutions are in continuous development. Continuous development allows for continuous improvements as requested by users. Users don't want the old fashioned business model of create a package, which users buy, and are then stuck with the version they have, until they have to update it manually or at extra cost. One of the main benefits of cloud based software is it can be continuously improved without having any impact on the user, apart from the improvements the end users sees.
Hurrah.... the launch !!
But oh dear.....that dreaded phrase "over time"...... keep waiting, waiting and waiting and they can't even get the language right..
"To gain user adoption, elevate.io has initially been released as a free product and will move to a freemium model over time."
"Drain the resources and raise, drain and raise, drain and raise"
I'm sure the bird fan club will put a positive spin on it.
Sisteract
yes.. a lot of waffle ..but the bottom line is ... they aim to laser focus on a very specific corner of the creator economy ....so yes ...agreed...the overall huge size is somewhat immaterial and not relevant.
Sumit is the driver here and has a very focused and disciplined approach and plan ...so he is more the leader here than IM ... ...IM seems to be looking more like a passenger in it all...
Sumit has very strong communication skills that will assist here far more than what IM can throw out ... unless IM takes on board some of Sumit´s rhetoric
I would say that if they stay fixed on their target customer and small finely targeted part of the market share and give these specific customers what they want , then the product has a chance of initial success ....and revenue could soon appear ...and it would be from there ..that any projections of further growth could evolve
so..there is no aim or even focus on blowing the creator economy apart ...... in reality ...when you get into the detail of the actual plan
There is no big marketing budget and no plan to go out with all guns blazing to take part of the creator economy that is outside their lane .... just gradual evolving as the targeted customer numbers grow ...
Interesting to see how it does ...more so..I think from what Sumit has contributed to it than anything ...
I think the £1m raise was aimed at supporting the Enterprise side,myself .... the sector there having a horrible time in general ..certainly was not raised with the idea of taking over the creator economy !!..steady on now
ATB
I bought these shares immediately after the Forbidden Technologies IPO in 2000, I missed out on the initial ballot, so you can weep for the loss I'm sitting on, but I hope you are right about the future..!
You have to hand it to IM. Certainly a ultra positive front man of a company that is losing money and customers.Going to the well for a 1m fund raise.... for what... as if an extra Million is going to make a difference.
but don't worry folks the tiddler from wimbledon is going to blow apart the creator econonmy. The shifting sands of technology development make it virtually impossible. Pulling the wool with eye watering billions that the market is worth in 5/8 years. it's irrelavant, it means nothing. without the fund raises they'd be out of cash or close to it in my opion. so what if they are in the olympics and every prestige event going.......they are making no money. In my opinion the interview was awful with a load of spoonfed underarms........ where were the difficult questions ?
I put money into this company way back when the 'cloud' was a new thing, I got that wrong, although luckily I did not take a loss. That must be a decade back or more. Now the cloud is established and used by everyone, the creator community has grown massively and our technology works with AI, I'm convinced this is the time when our disruptive technology will take hold. The rewards could be enormous, but like any investment there is always a risk.
If I had 5p for every time I've read that about this share, I could have safely realised my losses years ago haha
Personally I don't think we will ever see the SP this low again. We are are about to be elevated with elevate.io :)
I also topped up this morning, with the recent additional funds and the new product still on schedule to launch in Q1 (just) I am positive on this shares outlook.
Noticeable ahead of where I thought they'd be on cash which was nice to read.
Hopefully, a few the HTWs that subscribed will also start to buy in the market - or will be able to provide some kind of support in building user numbers. Bought 200k more this morning.
All eyes looking forward now.
Charliegeorge1 So should we assume you have sold your shares? Development takes lots of time and money in this industry. I doubt elevate.io will be the final product, but with all the effort that has gone into it, I am convinced it will be the winner. I have followed this company from the start, I've never been so excited about it's future prospects, the creator community is needing a premium cloud based platform. elevate.io is at least a decade ahead of any competitor and is backed by all our patents. Exciting times ahead.
Waffle and excuses for failure will be the same at the next set of results too.
Fingers crossed. :)
@hyper-al
I feel you. Been with BB for 7-8 years, playing the forever waiting game.
Elevate is initially being aimed at :
1. Pro Teams within a Corporate Environment
2. Monetised Creators
3. High End You Tubers
4. Podcasters
(not Instagram/Tike Tok or other very short video market )
https://elevate.io/
Blackbird CEO Ian McDonough in conversation with Chris Redmond at OTTRED talking career highlights, inspiration and Blackbird’s new Creator SaaS platform elevate.io
https://www.blackbird.video/uncategorized/podcast-be-brave-be-curious/
https://youtu.be/M3IrcWN3OY8