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Author Topic: 123rf considering an IPO?  (Read 4381 times)

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« on: March 01, 2016, 12:27 »
+4
http://snip.ly/d4yyo#http://www.dealstreetasia.com/stories/32367-123rf-32367/

What this would mean for contributors? Not clear, but based on the Shutterstock experience, nothing good would be my guess

Remember that Andy Sitt (123rf founder) is also an investor in Stock Unlimited - aiming to be the Spotify of visual content according to the article

https://www.digitalnewsasia.com/aiming-be-spotify-visual-content?page=1

He's apparently behind Designs.net and EasyDesign (anyone know anything about them?)

https://www.startupgrind.com/events/details/startup-grind-kuala-lumpur-presents-andy-sitt-123rf#/


« Reply #1 on: March 01, 2016, 15:40 »
0
If we value ourselves as a stock images company, compared with if we look at ourselves as an ecosystem, it will be differen. Does the market like us as an ecosystem, or will they us as having no focus and trying to do too many things? Personally, I think ecosystem is the way to go, but if we IPO too early, the market may not like that we seem not focused" what is an ecosystem. Article reads like a load of waffle to me......I quite like 123 but I don't see it has a lot to offer investors.

« Reply #2 on: March 01, 2016, 15:46 »
+1
If this means that at some point in the near future, they are going to cut comms, that will suck bigtime, as they already are uber low

« Reply #3 on: March 01, 2016, 15:52 »
+1
... what is an ecosystem. Article reads like a load of waffle to me......


I think this is trying to compare themselves to Adobe - marketing tools, graphic production tools plus stock and some cloud-y buzzwords to dress up your old line apps that aren't really cloud-based at all - or Shutterstock, with WebDam as well as whatever tools they offer to their business teams and the larger corporate buyers.

I am just guessing. You could read more waffle on the topic from "Investopedia"

http://www.investopedia.com/terms/b/business-ecosystem.asp


I just don't think that Stock Unlimited designs.net and 123rf make an ecosystem/platform/buzzword-du-jour but perhaps some word-smithing will make it so, at least to please potential investors.

« Reply #4 on: March 01, 2016, 16:09 »
+3
They're no adobe though are they?.....small fish with delusions of grandeur? I think its more likely they will be gobbled up by SS. For what its worth my prediction is in 5 years there will be many fewer agencies.........

« Reply #5 on: March 01, 2016, 17:19 »
0
They're no adobe though are they?...

Not even close, but I'm guessing they are looking at role models and aspirations. Not much connection to reality unless there's more stuff I don't know about

« Reply #6 on: March 04, 2016, 03:53 »
0


 

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