I worked there a few years back during college so I always keep tabs on the market. I had a feeling this is where the market would trend because this is really what the customers wanted.
The Iris is about $200 bucks and at the most $9.99 per month...NO CONTRACT! Or there is a basic mode where there is NO monthly payment. Compare that to Vivint at $100 activation and $50-$60 per month for 3-4 YEARS!
I will definitely be getting an Iris system for my home.
Isn't that essentially adding a step to the timeline? What's the modus operandi after you get the text or whatever warning signal? Say I'm at a Jazz game and in between all the texts from twitter that I have rolling in because I want to impress my date with how popular I am, that that thing goes off for whatever reason and I get my emergency text. Do I have to call the cops? Does the Best Buy geek squad shuffle over to my house? Isn't the luxury of an alarm system that all of those decisions are out of your hands? I don't know, I'm probably understanding it wrong because it was only a short blurb of that whole presentation.
I know next to nothing about alarm systems, but I do know that Vivint has been extending its reach into other industries and trying to diversify so maybe they foresee something like this happening too? Although I'm not quite sure why they couldn't leverage their current capabilities into whatever evolutionary leap the security industry eventually takes. It seems like if an idea like that were to take off, the pie would also get bigger because the low price point would allow it to become close to ubiquitous if the utility were there. They'd probably enjoy seeing it go this route if they can join in.
This would mean something to me if I knew what in the hell you were talking about.
Maybe provide a link or something.
I do like that this is becoming more mainstream. I do think it's nice that you can have it text you instead of immediately calling a security office or even the police. There's a reason that many of these company can't just dispatch the police directly. However, it needs the more important fire alarm features though before it is totally valuable imo. I think there's a bigger risk of fire (that you might be able to do something about) rather than burglary. Maybe I missed it in their website "demo" but I would like it hooked into the fire alarms - oh, and integrated with the NEST too
this feels like it should go in the planned obsolescence thread.Originally Posted by Jason
I do like that this is becoming more mainstream. I do think it's nice that you can have it text you instead of immediately calling a security office or even the police. There's a reason that many of these company can't just dispatch the police directly. However, it needs the more important fire alarm features though before it is totally valuable imo. I think there's a bigger risk of fire (that you might be able to do something about) rather than burglary. Maybe I missed it in their website "demo" but I would like it hooked into the fire alarms - oh, and integrated with the NEST too
If you got an emergency text you could check your security camera, or call your neighbors. Then call the police. Vivint does the same, but charges you crazy amounts for it.
I know the Founder .. he just sold the company and pocketed $2BB+ ... he's okay with this.
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He didn't pocket $2bb. Vivint sold for a little over $2bb and half went to Goldman and Jupitor. But Todd still has a little less than 50% of his company and is now almost a billionaire.
Do you know Todd P?
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Todd is rich as fudge but he didn't pocket 2billion. Vivint had debt up the bum. I always thought it was funny that he would walk around the office in basketball shorts, a Fox racing tshirt, and some douche bag baseball cap. The dude dressed like a 10 year old. But the man is rich so he can do what he wants.
The debt is already built into that 2 billion price(and is that even the price they paid or just the value of their portion + the equity that others still own?) . Whatever debt they may have had was still at a reasonable level that Blackstone paid 2 Billion for a "majority" stake in that equity(whatever majority means in this situation). It's not 2 billion(or however much they invested at this time) minus the debt. It's 2 billion(*) divided by however the share structure was divided amongst those different partnerships that owned the equity that was bought. I'm sure he had a nice tax bill to deal with though on whatever he ended up getting after it was all divided up.
Just looking at that deal, Blackstone looks like they got taken to the cleaners unless Vivint really has a lot more growth potential. I'm all for them doubling or tripling in size and ruling the world though because it will only benefit Provo.
Last edited by Duck Rodgers; 01-07-2013 at 11:36 PM.
Reports are Vivint Solar is really why Blackstone wanted them. Solar is the next big door to door product.
More misinformation from PKM. Shocker.
You are a perpetual douche bag. I know Todd well. He told me, personally, that he 'made' $2BB on Vivint.
I guess you would have said, "oh yeah, prove it Todd .. let me see your agreements, balance sheets, bank statements, and tax returns."
Your schtik of being an ass proves nothing more than your level of idiocy. For 6 months I've been nice to you in spite of your douchiness .. done with that.
**** you.
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Oh my.
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