Comments on: Convio Goes Public! http://www.nonprofittechblog.org/convio-goes-public?utm_source=rss&utm_medium=rss&utm_campaign=convio-goes-public Confessions of a Non-Profit Executive Director Sat, 28 Jan 2012 12:36:51 +0000 hourly 1 http://wordpress.org/?v= By: Allan Benamer http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-97406 Allan Benamer Thu, 07 Aug 2008 05:12:15 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-97406 @foo: Yeah I already reported on <a href="http://www.nonprofittechblog.org/convio-not-going-public-withdraws-s-1" rel="nofollow">their S-1 withdrawal</a>. It sux because I was hoping to see more transparency in Convio's operations. Nothing like a public filing to learn more about a company. @foo: Yeah I already reported on their S-1 withdrawal. It sux because I was hoping to see more transparency in Convio’s operations. Nothing like a public filing to learn more about a company.

]]> By: Foo http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-97404 Foo Wed, 06 Aug 2008 21:39:18 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-97404 Oops, not so fast: - <a href="http://www.bizjournals.com/austin/stories/2008/08/04/daily17.html" rel="nofollow">Convio on IPO: not just yet</a> - <a href="http://www.nptimes.com/08Aug/news-080805-1.html" rel="nofollow">Convio pulls IPO</a> Ouch! Oops, not so fast:

- Convio on IPO: not just yet

- Convio pulls IPO

Ouch!

]]> By: David M. http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-96318 David M. Tue, 01 Jul 2008 06:27:01 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-96318 Yeah, a few are going to "get rich" off the non-profit idea and laugh at their VC partners. :) In the six months ended June 30, Convio's losses widened to $7.5 million from $6.2 million in the prior-year period. Why would anyone in the right mind buy the stock? Too many other companies out there doing much better. Yeah, a few are going to “get rich” off the non-profit idea and laugh at their VC partners. :)

In the six months ended June 30, Convio’s losses widened to $7.5 million from $6.2 million in the prior-year period.

Why would anyone in the right mind buy the stock?

Too many other companies out there doing much better.

]]> By: Anonymous http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-95193 Anonymous Wed, 16 Jan 2008 23:31:48 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-95193 The URL above just redirects to http://www.reuters.com/finance. The URL above just redirects to http://www.reuters.com/finance.

]]> By: Kara Calderon http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-89876 Kara Calderon Fri, 14 Dec 2007 06:53:38 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-89876 Salaries revealed - No wonder they company is broke: http://www.investor.reuters.com/business/BusCompanyBusLeaders.aspx?ticker=CNVO.DF&symbol=CNVO.DF&target=%2fbusiness%2fbuscompany%2fbuscompfake%2fbuscompbusleaders%2fofficers Salaries revealed – No wonder they company is broke:
http://www.investor.reuters.com/business/BusCompanyBusLeaders.aspx?ticker=CNVO.DF&symbol=CNVO.DF&target=%2fbusiness%2fbuscompany%2fbuscompfake%2fbuscompbusleaders%2fofficers

]]> By: Kara Calderon http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-89865 Kara Calderon Fri, 14 Dec 2007 06:10:19 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-89865 Bhagat told the world via the Austin Business Journal that "he expects a positive cash flow by the latter half of next year." Yes, that statement was made in 2001! Meaning they should have been making profits over 5 YEARS ago not adding to the Red. Now, I read $50,000,000.00+ in debt and losing more each day! From the Austin Business Journal (Friday, March 30, 2001): http://austin.bizjournals.com/austin/stories/2001/ Bhagat says he and Dave Crooke, co-founder and chief technology officer, "have always taken a conservative approach. We achieved a lot with our first round. Our objective is to be cash-flow positive so we don't need additional rounds of financing." Bhagat says he expects a positive cash flow by the latter half of next year. Major security issues, wrong direction, and major debt. My question is why would anyone invest in this company after the IPO? Bhagat told the world via the Austin Business Journal that “he expects a positive cash flow by the latter half of next year.”

Yes, that statement was made in 2001! Meaning they should have been making profits over 5 YEARS ago not adding to the Red.

Now, I read $50,000,000.00+ in debt and losing more each day!

From the Austin Business Journal (Friday, March 30, 2001):
http://austin.bizjournals.com/austin/stories/2001/
Bhagat says he and Dave Crooke, co-founder and chief technology officer, “have always taken a conservative approach. We achieved a lot with our first round. Our objective is to be cash-flow positive so we don’t need additional rounds of financing.”

Bhagat says he expects a positive cash flow by the latter half of next year.

Major security issues, wrong direction, and major debt.

My question is why would anyone invest in this company after the IPO?

]]> By: Allan Benamer http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-49896 Allan Benamer Thu, 20 Sep 2007 04:31:39 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-49896 Yeah, there was very little comment on Sheeraz Haji leaving in the blogosphere. I didn't even bother to post the article about it. Isn't this what is supposed to happen when you sell your company? Yeah, there was very little comment on Sheeraz Haji leaving in the blogosphere. I didn’t even bother to post the article about it. Isn’t this what is supposed to happen when you sell your company?

]]> By: Kim Zimmerman http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-49831 Kim Zimmerman Wed, 19 Sep 2007 21:04:48 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-49831 I am surprised that no one has commented about Sheeraz Haji leaving Convio. I think that says something about what happened to GA. Time to cash out and move on I guess. GA customers are not so lucky. I am surprised that no one has commented about Sheeraz Haji leaving Convio. I think that says something about what happened to GA. Time to cash out and move on I guess. GA customers are not so lucky.

]]> By: Allan Benamer http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-43840 Allan Benamer Fri, 31 Aug 2007 16:33:33 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-43840 Aha! Thanks for the comment, Dan. I've been told that S-1 filings are kinda tricky now I know a little bit more about why. What I'm still trying to figure out is whether or not GetActive was a good thing for Convio to buy. They seem to have take a bit of a loss in order to gain the "right" to cross-sell Convio products to GetActive users. Dan, do you have any comments on that issue? Aha! Thanks for the comment, Dan. I’ve been told that S-1 filings are kinda tricky now I know a little bit more about why.

What I’m still trying to figure out is whether or not GetActive was a good thing for Convio to buy. They seem to have take a bit of a loss in order to gain the “right” to cross-sell Convio products to GetActive users. Dan, do you have any comments on that issue?

]]> By: Dan Devos http://www.nonprofittechblog.org/convio-goes-public/comment-page-1#comment-43838 Dan Devos Fri, 31 Aug 2007 16:25:57 +0000 http://www.nonprofittechblog.org/convio-goes-public#comment-43838 Alan, not quite right; the $86MM IPO won't be used to erase debt; in fact, Convio has relatively little indebtness-LT obligations are a bit over $2.6MM. The accumulated deficit was financed by shareholder equity (i.e., the outside investors), not debt. And those two numbers (from 2006 and 2007) shouldn't be added together; $45.8MM represents the accumulated amount they've lost over their history, as of 6/30/07, which is over $5MM more than it was in Dec 2006. Alan, not quite right; the $86MM IPO won’t be used to erase debt; in fact, Convio has relatively little indebtness-LT obligations are a bit over $2.6MM.

The accumulated deficit was financed by shareholder equity (i.e., the outside investors), not debt. And those two numbers (from 2006 and 2007) shouldn’t be added together; $45.8MM represents the accumulated amount they’ve lost over their history, as of 6/30/07, which is over $5MM more than it was in Dec 2006.

]]>