Vivint could be screwed.

Discussion in 'General Discussion' started by Beantown, Jan 7, 2013.

  1. Beantown

    Beantown Well-Known Member

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    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.

    [video=youtube;9whiq85UxnQ]https://www.youtube.com/watch?feature=player_embedded&v=9whiq85UxnQ[/video]



    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.
     
  2. Duck Rodgers

    Duck Rodgers Well-Known Member

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    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.
     
  3. Gyp Rosetti

    Gyp Rosetti Banned

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    This would mean something to me if I knew what in the hell you were talking about.

    Maybe provide a link or something.
     
  4. Jason

    Jason Administrator Staff Member

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    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 :)
     
  5. Gyp Rosetti

    Gyp Rosetti Banned

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    this feels like it should go in the planned obsolescence thread.
     
  6. Beantown

    Beantown Well-Known Member

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    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.
     
  7. Dr. Jones

    Dr. Jones In pursuit of #9 Contributor

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    I know the Founder .. he just sold the company and pocketed $2BB+ ... he's okay with this.
     
  8. Bucknutz

    Bucknutz New Member

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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.
     
  9. Dr. Jones

    Dr. Jones In pursuit of #9 Contributor

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    Do you know Todd P?
     
  10. Beantown

    Beantown Well-Known Member

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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.
     
  11. Duck Rodgers

    Duck Rodgers Well-Known Member

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    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: Jan 7, 2013
  12. Beantown

    Beantown Well-Known Member

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    Reports are Vivint Solar is really why Blackstone wanted them. Solar is the next big door to door product.
     
  13. Gyp Rosetti

    Gyp Rosetti Banned

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    More misinformation from PKM. Shocker.
     
  14. Dr. Jones

    Dr. Jones In pursuit of #9 Contributor

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    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.
     
    RJF likes this.
  15. Gyp Rosetti

    Gyp Rosetti Banned

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    Oh my.
     
  16. Zulu

    Zulu Well-Known Member

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    Watch out Wes gyps gonna go all Cy on you and neg you into the Stone Age!!
     
  17. Gyp Rosetti

    Gyp Rosetti Banned

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    I'm gonna neg myself?
     
  18. bigb

    bigb Free at last!!! Contributor

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    I know nothing about this Iris system, but the idea of receiving an email or text about an alarm is a good one. I know somebody who used to work at Control4 here in Utah. Since he was a salesman there, he got all the equipment on the cheap. He had it set up to where he could control everything in his house from his iphone. He could do lighting, sound system, heating/cooling, etc. all remotely. He didn't even have to be in the state. He said that one day while they were on vacation, he got an email saying that his garage door had just gone up. Rather than call the cops, he called his sister (who lived a few blocks away). She confirmed it was her. By not having an alarm company automatically call the cops, it saved all that mess of a false alarm.
    In the time it would take to call a neighbor before calling the cops, there's not much more that a burglar could do that he couldn't do without that extra minute.
     
    Jason likes this.
  19. Beantown

    Beantown Well-Known Member

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    This is basically what the Iris system does. I think the best think is being able to control lights and temperature. My brother has the system that lives in Pheonix and when they are on vacation he can turn on the air conditioner like an hour or so before they get home. This way its not an oven when get gets home

    If people jus want temperatue control only look into the product called "the nest".
     
  20. Gyp Rosetti

    Gyp Rosetti Banned

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    Is this regional, more in the Utahr area?
     

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