Write an open letter to "the" investor [not relevant]

idea

asked 2015-11-24 13:51:04 +0300

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updated 2015-11-24 15:52:04 +0300

cemoi71

14264 ●310 ●434 ●439

Jolla has written an open letter to us.
Their death valley is due to a withdrawal of an investor. maybe "the " investor".
So why not TJC write an Open letter to this investor?
I mean the Community, not really jolla.

I have currently no source, but as i understood. Jolla made some mistake on the process to develop and deploy the tablet, which didn't satisfied the investor. And that could be understandable
And for my part, i'm convinced that jolla is a small startup, which is young, clever and dynamic. Learns from its own mistakes.
So it would be more acceptable if we could make a nice letter to this one.
Explains on what we believe, our convictions and why we made investment on it.

The questions like, who he is? how could we reach him at best for that? are Currently not relevant, but are important for the next step

Who could use his best english for this? (mine is not recommended for such an exercise).
What do you think about it?
Even if it could not works, it would be a nice try i think.
And 10% chance to aim, that is anyway 10% chance to have a success....

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The question has been closed for the following reason "question is not relevant or outdated" by cemoi71
close date 2016-10-24 18:36:17.979186

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personally when i engage myself on a business, before it I have made an analysis of market and a strategy.
then it is really bullshit to withdraw it

cemoi71 ( 2015-11-24 13:54:31 +0300 )edit

i'm curious what are the reason of the withdraw.

cemoi71 ( 2015-11-24 13:56:28 +0300 )edit

@cemoi71, In business it's usually high risk and/or low-potential. The facts revealed at SLUSH clearly scared that investor away.

Okw ( 2015-11-24 14:03:33 +0300 )edit

Well, if you are the single investor and the company you invested in brags about raising 50M in funding (Jolla adventures) and opens an incubator for others, basically selling you to potential startups instead of delivering a product I can somehow relate to him not being amused.

lispy ( 2015-11-24 14:13:58 +0300 )edit

business is business! right ! but don't forget, we as customers make the business possible.
that's our money!
Maybe i'll invest nothing to this one directly
maybe just by making compliment.
i don't ask that jolla do it. but we! user, potential customers of this investor. the one at last who had indirectly let us dream. and now could make it impossible.
and a nice letter could make some situation good. and a bad compliment could make its business bad....

cemoi71 ( 2015-11-24 14:21:36 +0300 )edit

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answered 2015-11-24 16:14:49 +0300

bilgy_no1
7008 ●55 ●100 ●104

I think it's a nice idea and why don't people who feel the urge write a letter in an Answer to this question. Jolla management can point the investor(s) to the letters here.

As to the reason for not investing any more money... There can be many, such as insufficient commercial traction, changing market circumstances, not happy with management, etc. The press release talked about negotiations with investors, so apparently there was disagreement about the commercial terms (valuation, conversion of previous shareholders' loans, who knows).

But basically, the company should show great commercial potential in this stage. Having only signed up Intex so far might not be enough proof of a viable business plan. Apparently their burn rate is around €1 mln per month, so that means they need to sell a lot of licenses. Say Intex pays €10 per phone sold, then they would need to sell 100k Sailfish phones per month (and that's not counting any license fees that Jolla need to pay to e.g. Myriad for Alien Dalvik).

And why would Intex pay for Sailfish, when they can use Android for free (which also makes the phones easier to sell to the general public since it's more mature). So, it's great that Intex are willing to try this, but you can bet there's enormous price pressure on the license model. And Intex alone is probably not nearly enough to sustain Jolla, so there should be good prospects for signing up more OEMs against commercial terms. So far we've heard about community ports for Puzzle and Fairphone, but those will certainly not bring in the numbers (and might not even lead to license income).

That's why Jolla needs to come up with additional revenue streams, such as paid apps in the store, or a secure&private mail service with trusted partners, Ambience subscription model, you name it.

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they may sell some phones to people with a system which more care of private sphere. that should not be so few people who are interested...

cemoi71 ( 2015-11-25 01:49:28 +0300 )edit

@cemoi71 I'm just saying that 100k units of a phone per month is really a big number for a phone running a new OS with a nascent ecosystem. Jolla sold somewhere between 50k and 100k units in two years worldwide (my guess), so it would require a huge growth. OTOH Samsung has sold 1 million Z1 Tizen phones in India in 6 months, so it's not impossible. It's about what the investors believe to be a viable business plan.

bilgy_no1 ( 2015-11-26 00:59:13 +0300 )edit

answered 2015-11-25 22:12:01 +0300

Andy Branson

4998 ●64 ●98 ●87

ITT: https://www.youtube.com/watch?v=Vkz8BLBJ9_I

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jolla learns from their own mistakes? not that i noticed, sorry.

Moo-Crumpus ( 2015-11-25 22:19:52 +0300 )edit

ahah ! M. Branson like in the school! seems that some people has never grew up... if you don't care of all of this, why do you spend of your precious time with such infantile stuffs? really contructive...

cemoi71 ( 2015-11-25 23:03:46 +0300 )edit

@cemoi71 Don't diss Unikitty, she'll kick your arse.

Sorry, I didn't intend that to come off mean. I just think that we don't have the slightest idea why the investor pulled out, and we won't help Jolla by speculating. The investors would have knows about the Adventures project in advance, and may even be involved in that. It may even have been put together to encourage them to stay onboard, and they weren't impressed. We just don't know, and it's none of our business.

If the community wants to help, then we should all try to remain positive and hope they can find a way to move forward. There's a lot of value in the things Jolla have achieved so far, they just have to find the right way to present that to someone who can help them continue.

Andy Branson ( 2015-11-26 00:17:57 +0300 )edit

@Andy Branson it's maybe easy to understand it wrong, especially late on night.now i can't delete the comment any more... thx for explain your mind. i think i understand better. i agrre with it
i have no source about it, but a co-worker told me, that not because of the adventure story.
but because of the tablet issue. jolla hadn't bring the tablet delivery on time as agreed, and this investor don't want to put no more money in it... if it's real.. i would find that is maybe a childish situation...

cemoi71 ( 2015-11-26 00:47:08 +0300 )edit

for this kind of business, negotiation will spend a lot's of time... many days (hope not in week or months). don’t know what is still to be done for this tablet. but if it's just, all option parts to gather, conditioning and packaging. then we could give a little more money just to finance the team who will do the job.when we think that what we paid for on igg for it (not so much comparing a tablet of its class). we may do this, between 10$ and 30$, depends on people who don't leave the boat...

cemoi71 ( 2015-11-26 00:59:25 +0300 )edit

answered 2015-11-25 00:56:54 +0300

pichlo

4062 ●64 ●92 ●92

And what do you want to put in that letter, pray tell? Dear investor, pretty please, change your mind and give Jolla €10M because a bunch of TJC posters are sad? The investor is an investor, FFS. Not a charity.

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While i don't know the background of what made the investor withdraw the money it was pretty obvious from the start that this was not going to be a short trip to the bank. Markets take years to shift, operating systems are not written in a day and creating a desirable well engineered product that will give a pleasant experience to the customer has high R&D cost.

ApB ( 2015-11-25 01:22:15 +0300 )edit

fine!!! why do you put such a non constructive post at this time, based on tiredness? please read again for what we could put inside, you can be creative too.
You know our conviction. Not see just until its wallet, business is not just for a tablet, an insignificant piece of metal and plastic. but a way to spread a system based on an other philosophy.
Are you just stupid? naturally we should convinced of a thing that it would interest
Do you think that i'm sad just because i've not my tablet?
what a small finish you give to me!!!, thank you.
For me that's a real problem if jolla seek .
I want to invest in a combination of systems, on what i could have better control and transparency.
Something on what i'm not fully depending on google,apple ms and etc...
An other one may be interesting too in this optic later: it would be the ubuntu touch.
and who knows, maybe as potential customer, i may interest me on products of this investor, as i could do to denigrate it, or not recommend it...

cemoi71 ( 2015-11-25 01:42:53 +0300 )edit

@pichlo alone os for more private-sphere care is enough? how many people should be interested? not so much? i think many many many people. and currently just jolla has the better solution for it.

cemoi71 ( 2015-11-25 01:51:55 +0300 )edit

@cemoi71, people with money (investors) do not think like you. They put the money where they expect a return of that investment. My question is by no means negative. Quite the opposite, it is meant to be constructive. What do you want to tell the investor to convince him that the money he would give to Jolla would guarantee him profit? This is a business decision, not one of conviction.

pichlo ( 2015-11-25 08:45:39 +0300 )edit

are always motivated of philosophy convictions. some one could realize that he could make business if he see that a lot of people think about private sphere, data protection. A lots of countries think about this. you've already seen with the BRICS. do you know why France invests massive on personal NAS Solutions? do you think it is relevant to use it with the current os like ios, android and ms-mobile? currently there demand on those typ of os like sfos or ubuntu touch. the both are not really used currently, because are not really functional comparing with others. is just a matter of time. Next step for ubuntu touch is next april i think, shuttelworth want to give it a real kick. jolla shouldn't pass the train, and should find an other one. Too much time is wasted. if this investor make further strike, then all will suffer. Now that is the interest of no one. There is many other actor who could take place on this market. those convictions one. the strike of the tablet is really miserable and stupid.

cemoi71 ( 2015-11-25 10:57:41 +0300 )edit

Write an open letter to "the" investor [not relevant]

The question has been closed for the following reason "question is not relevant or outdated" by cemoi71
close date 2016-10-24 18:36:17.979186

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Write an open letter to "the" investor [not relevant]

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The question has been closed for the following reason "question is not relevant or outdated" by cemoi71
close date 2016-10-24 18:36:17.979186