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triceratops
Joined: 15 Nov 2006
Posts: 7875
Location: The other Nevada
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rinder99
Joined: 12 Jul 2005
Posts: 39273
Location: Contact www.rinderart.com/Books and Workshops www.rindersmithphotography.com Youtube/rinder
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peteklinger
Joined: 01 Aug 2007
Posts: 1030
Location: Great Place By a Great Lake
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Posted: Thu May 03, 2012 9:36 pm
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I want in, do we get preferential options to buy as members?  |
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rinder99
Joined: 12 Jul 2005
Posts: 39273
Location: Contact www.rinderart.com/Books and Workshops www.rindersmithphotography.com Youtube/rinder
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Posted: Thu May 03, 2012 11:48 pm
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Really Pete. Does IS ring a bell?The suits come in and were done. |
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copidosoma
Joined: 17 Nov 2009
Posts: 3806
Location: Canada
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Posted: Fri May 04, 2012 9:16 am
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| peteklinger wrote: | | I want in, do we get preferential options to buy as members? |
Might as well buy the stock 'cause you won't get anything for selling your photos... |
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evaners
Joined: 04 Mar 2008
Posts: 6601
Location: NO! We aren't there yet!
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Posted: Fri May 04, 2012 9:52 am
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Hmmmm, they put a whole mess of new bean counters on the board of directors, and hired a new CFO. That's never good for the rank-and-file.
On another note, I wonder about a line from that story, "The company owns a library of photographs and illustrations that customers can license...". I know I'm nit-picking, but I was under the impression that I still own my illustrations, I've just given them the right to sell the rights. I'm sure the author simply wasn't worrying about the semantics of it, especially as that point is mostly irrelevant to the main story. |
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copidosoma
Joined: 17 Nov 2009
Posts: 3806
Location: Canada
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Posted: Fri May 04, 2012 10:07 am
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| evaners wrote: | Hmmmm, they put a whole mess of new bean counters on the board of directors, and hired a new CFO. That's never good for the rank-and-file.
On another note, I wonder about a line from that story, "The company owns a library of photographs and illustrations that customers can license...". I know I'm nit-picking, but I was under the impression that I still own my illustrations, I've just given them the right to sell the rights. I'm sure the author simply wasn't worrying about the semantics of it, especially as that point is mostly irrelevant to the main story. |
You do own them. And you can pull them off the site any time you want. But I suspect that the suits are willing to play the bet that you won't. The author is just being sloppy. |
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bhaslam
Joined: 21 Aug 2007
Posts: 156
Location: Salt Lake City, UT
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Posted: Fri May 04, 2012 10:27 am
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Hopefully they don't do it. They're too small at $100MM to make going public worth it. They will spend millions to go public and spend millions more in compliance and reporting each year. They'll lose long term focus of the business and begin the sad decline on focusing on quarterly results. Their business model and at lot of detail is opened up for competitors to see. Getty has multiple revenue streams and companies so some of the details can remain hidden. At $100MM and single product, its going be an open book.
I can see where the owners don’t want equity sponsors coming in and taking over, so I’m sure the pitch is that they will remain in control but still cash out (Facebook anyone?).
Its hard to say their what their financials looks like, so its all just speculation. I wish them the best and get a good underwriter. |
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dbvirago
Joined: 19 Feb 2006
Posts: 1630
Location: Atlanta, Ga.
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Posted: Fri May 04, 2012 7:58 pm
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5-6 years ago, it would have been a good investment. Today? not so much. |
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nder
Joined: 20 Dec 2006
Posts: 766
Location: www.3dstocktalk.com
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Posted: Sat May 05, 2012 3:42 am
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Do they need more cash for some future investments? If it's only to throw more money on marketing then I guess it's not worth it.
I hope none of those new execs comes up with a genius plan to pay less to contributors. I bet for some this might just look like free money. |
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rinder99
Joined: 12 Jul 2005
Posts: 39273
Location: Contact www.rinderart.com/Books and Workshops www.rindersmithphotography.com Youtube/rinder
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Posted: Sat May 05, 2012 7:44 pm
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"I hope none of those new execs comes up with a genius plan to pay less to contributors."
+1000 |
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mirage3
Joined: 23 Apr 2008
Posts: 1680
Location: Does it matter?
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Posted: Sat May 05, 2012 7:51 pm
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They obviously care a lot about contributors as there has not been a raise since I have been here ... or a level added... or something... and yet somehow I feel that the contributors are a big part of the business' success! lol! |
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red06
Joined: 05 Feb 2007
Posts: 1283
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Posted: Mon May 07, 2012 8:32 am
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| rinder99 wrote: | "I hope none of those new execs comes up with a genius plan to pay less to contributors."
+1000 |
I think they will increase pay. They want to be solid and forward thinking and just crush everyone with a giant wave of contributor work. at least I hope so :)
Plus being public means their company image means more so cutting pay would like very bad.
I think the IPO is a very good thing for contributors |
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rudyumans
Joined: 19 Aug 2008
Posts: 10638
Location: www.businesshelpforyou.org www.rudyumans.com
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Posted: Thu May 10, 2012 12:38 pm
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| red06 wrote: | | rinder99 wrote: | "I hope none of those new execs comes up with a genius plan to pay less to contributors."
+1000 |
I think they will increase pay. They want to be solid and forward thinking and just crush everyone with a giant wave of contributor work. at least I hope so :)
Plus being public means their company image means more so cutting pay would like very bad.
I think the IPO is a very good thing for contributors |
I don't think it's a good thing for contributors. The passion will be gone and SS will just end up in the hand of investors with dollar signs in the eyes. (bigger dollar signs than the current ones) Laurin is right, SS will end up as the Big G with numerous collections, divisions, and branches. They will try to grow faster than what's good for them. (remember Krispy cream?)Their financials will be public with the result that some (a lot?) contributors and buyers (who probably don't know how to read a balance sheet) will think that SS makes too much money at their expense. Meaning a lot of unhappy campers. They will also end up changing hands on a regular basis and nothing good can come out of that either. It also means that Jon will lose control and why don't we ask Mark Zuckerberg how that feels? He got in trouble already last week and I am sure he's pretty peefed about that.
If there is some truth to these rumors (and I don't think there is)They might want to rethink it. |
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helix7
Joined: 24 Apr 2007
Posts: 1790
Location: New Jersey
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Posted: Thu May 10, 2012 3:38 pm
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I don't think we can really say if it will be good or bad. Recent history of a microstock company taking on investors isn't good, of course. We've all seen how that's worked out up in Calgary.
But then again maybe that would serve as a cautionary tale of what not to do. We can hope... |
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