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[EDITED] Found it!
I forgot about the transport cost. For non-techies that means internet bandwidth that isn't cheap and videos eat up a lot of it. This is a big deal.
19:48: "We made some changes to the technology that allows us to change our margins that were already HIGH and now they are even higher because we won't be storing people's videos on our servers or paying that transport cost of those videos..."
10:40 "That one deal could change life for all of us as we know it. Us and you!"
SHAC Update - 12-7-17: https://bnotifi.com/ajax2.php?mediaid=3643&thumb=5a2a04d8c8317
There is so much in the SHAC videos that is worth bring to the surface for new investors. Fun listening to the hints he drops and how they materialized later. In this case less than a month.
@ jobynimble. Thanks for the link. I don't know that they are all up there. Maybe they are, but I got the feeling some are missing when I am looking for things.
I didn't say you were a basher, bear or shortie.
You have an opinion. Others do as well. Our expectations maybe different. That's fine. Our end goal is likely more aligned which is good too.
People that don't get it will be disappointed every week if Rory is not on the radio show dropping insider information. You get it and many longs do.
Remember when Cameron Chell was on 3 weeks ago. Some posters were up in arms. I thought it was interesting. There is only so much Rory can say every week, so changing it up makes the show interesting. Otherwise it would be one big infomercial.
Cameron Chell from ICOx Innovations and Rory Cutaia from nFusz
Jan 31, 2018
I actually bought more today and haven't sold a share from all I bought over the last 6 months.
As much as we all would like, it is not going straight up. Consolidation is normal and a good thing in my opinion.
Thanks for asking good questions.
Rory said a while back they they used to storage the videos on their servers. The bigger they would grow, the more it would cost. I assume they were leveraging the cloud which is much cheaper then buying or leasing your own servers, but still it adds up.
Thing about it. Documents are small, pictures a big, but videos sizes are huge in comparison. The company changed where the customer saved videos and now can save them to youtube (i.e. free). So you create your walk out video and it gets stored for viewing on youtube.
Rory talked about how their margins are great, but this made them even better without the extra overhead of the server storage. This will allow them to scale quickly.
I forget in which SHAC video update he said it and doing this from memory, but I think that was the context of it.
Added one more of why I like nFusz...
Management Team
Credibility and character of the management team. A lot of people based their investment not only on the products and potential of a company, but also the management team. Do they have the intelligence, drive, passion, commitment, character and track records to take it all the way.
For credibility listen to last weeks radio program of why other CEOs are asking him for advice:
See Rory's video from late last night. I'm not disappointed to have a CEO that is passionate about a number of things including America.
My guess is he is going to talk about it today.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138705033
Here's my personal thoughts:
Simple:
Simple to create. Simple to view. Simple to share. "Easy of use" is a winner every time when it comes to software. Especially CRM that the number one complaint is it's too difficult, takes too much time and doesn't add value for the salesperson. Walkouts are not new, but it sure used to be a lot harder to do them until now.
Engaging:
We all have seen a lot of videos. The good, the bad and the ugly. Unless it's a video that is more of a TV commercial it's hard to capture someone's attention. If it was easy, companies wouldn't spend billions of dollars on brand engagement. You are more likely to engage someone who is almost fully standing in front of you with nothing distracting vs. a traditional video. I almost think of most videos as 2D and this has a 3D feel to it.
Interactivity:
No more click the link at the bottom of this web page when the video is done messages. You are interacting with your potential customers at any point in the video. Compare the bounce rates of a customer using a nFusz video vs. not and I bet they are a lot lower. You have the CTA buttons right in the video.
Cross Industry:
Some products are geared towards certain segments of the market. The first thing a lot of people say when they see this product is: "Oh, it would be great using this _______. Fill in the blank as so many industries and applications have been suggested.
Cross Platform:
Works on your PC, laptop, mobile device, iPhone, etc. None if this, sorry it only works in IE version #.#.# but we are going to port it to your device this Summer so it should work for you're company then.
Mass Appeal:
The companies sales strategy is brilliant in my opinion. Rather than go after sales with one company at a time, they are going after million of users at a time. The potential to grow and grow quickly is exponential rather than linear
Sells Itself:
The product doesn't need a sales person to have a one hour meeting with a client to show them the product. Send of link and people get it right away.
Sets a New Standard:
If I'm watching a video, I'd much prefer to see the full view of someone. Read their body language, expression, how they carry themselves, etc. especially if I'm listening to a sales pitch. Will this become the new normal, I don't know, but everyone that sees it loves it.
Scalability:
nFusz made an important change last fall and that was to leverage youtube for video storage. Not only does that remove a lot of cost for the company and increases margins it allows them to scale more rapidly.
Cost of Entry
It's $10/mo. Look at what the average Salesforce deal is or some of these other behemoth systems. nFusz could have priced it a lot higher, but are going with the volume, mass adoption approach.
Flexibility:
Take a look at what they are doing for uBid. That is quite an extension of the platform in a unique way.
ROI:
If I'm a big corp looking to buy a product, I'm always thinking about the bottomline. Is this product going to increase sales or cut cost are the two questions I'm most interested in.
Well both. You are going to engage your customers better which will have higher sales closure rates with lower acquisition cost. Does your salesforce need to get on the plane every time someone is interested in your product? Do you even need the same size sells force if your videos are doing some of the selling for you. This can drive more leads that end in deals.
Pudding:
The proof is in the pudding as they say. Rory just said the retention rates are 98%. That is remarkable considering they are going after millions of customers and you would think some would just try it for just a month with not much to lose. Must be working and adding value.
----------- FUSZ INVESTOR FAQ ------------
********** nFusz Media Updates ***********
Q: Has the CEO recently provided any updates?
A: Yes, at least once of week, if not more either through radio interviews on CEO Money or Shareholder updates using nFusz technology. Here's some of the most recent updates:
2/16/18 SHAC: http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
See more management videos here: https://nfusz.com/management-videos/
2/5/18 (NotifiID):
https://nfusz.com/super/ajax/ajax2.php?mediaid=h2t6fA==
Radio Interviews:
2/14/18 CEO Money: https://www.youtube.com/watch?v=6KypJp_8x_g
2/07/18 CEO Money: https://www.youtube.com/watch?v=RshkibLaqx0
1/31/18 CEO Money: https://www.youtube.com/watch?v=uQNpCbsfwCA
1/24/18 CEO Money: https://www.youtube.com/watch?v=-yv4lib7oXA
1/17/18 CEO Money: https://www.youtube.com/watch?v=vBSi5cfzD2Q
1/10/18 CEO Money: https://www.youtube.com/watch?v=78hN-XiJuAY
1/03/18 CEO Money: https://www.youtube.com/watch?v=-6uyN4NUOTQ
12/20/17 CEO Money: https://www.youtube.com/watch?v=ypxZm0ueeIY
12/13/17 CEO Money: https://www.youtube.com/watch?v=EJoRGp2TdVc
12/06/17 CEO Money: https://www.youtube.com/watch?v=deAQNnbDACQ
11/30/17 CEO Money: https://www.youtube.com/watch?v=XSDo9JVJDe4
11/20/17 CEO Money: https://www.youtube.com/watch?v=3K7lEohuaw4
Management Videos: https://nfusz.com/management-videos/
*************** Stock Related ************
Q: How much of the company is held by insiders
A: Almost 43% owned by insiders
Q: Has the CEO or insiders sold or plan on selling?
A: Rory: "NONE of the nFusz insiders have sold a single share. None of us has even had the legends removed from our shares and in fact, many of us, including myself, have yet to have our certificates printed. This stock is gold to us and we’re not parting with it at anywhere near these prices..."
Q: When is the company thinking of uplisting?
A: Rory: "I want to clean up the balance sheet and position us for an uplist as soon as possible."
2/16/18 SHAC: http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
********* Recent Deals & Launches ********
Q: Besides the Oracle deal that has been 8-K'd but not PR'd yet, is there any other deals that are under the radar yet to be PR'd?
A: On February 9, 2018 an agreement with MARKETO, INC. with an effective date of April 1, 2018. Marketo is the leading Engagement Platform that empowers marketers to create lasting relationships and grow revenue.
Q: I'm not familiar with Marketo. I they are small or midsize company?
A: Marketo is a large company. They were sold in 2016 to Vista Equity Partners LLC for $1.8B
Q: Has nFusz launched anything new recently?
A: The company launched notifiCRM Entourage Package for Network Sales
specifically for the 100 million people involved with network marketing sales.
January 30, 2018
http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
https://nfusz.com/wp-content/uploads/2018/01/notifiCRM-Entourage-Package-Press-Release-V2.pdf
Q:When is the Oracle deal going to be announced?
A: Form 8-K: 1/2/2018 - "The Agreement provides that the development of the application, which will be undertaken jointly by us and ORACLE, will be completed within one year. We anticipate that development of the application, which has already begun, will be completed within 120 days. The Agreement is for an initial term of one year, but renews automatically for successive one-year terms, unless sooner terminated in accordance with the termination provisions set forth in the Agreement."
The development started before the 8K was released and word from the company is they are ahead of schedule. Anticipate development to be competed in the next month.
Q: Has there been any other updates on the Oracle announcment since the 8-K?
A: Rory: “Remember, Oracle has yet to announce our deal. While there are no guarantees in life or investing, it’s inconceivable to me that their PR - about 45-60 days away, possibly much sooner - would not create a level of awareness about our company in the investment community at large, institutional and otherwise, that would drive volume in the stock to levels we have never seen. We will be seen by investors that don’t track OTC companies. If you believe that scenario, as I do, then this pull-back - affecting all stocks on all exchanges right now - should be seen as a buying opportunity. We’ve seen first hand how the SP can move on modest news. The die is cast. People need to take off their day-trader glasses through which they view most OTC stocks and take a fresh hard look at the due diligence material available on nFusz. The sky is not falling, we’re just getting closer to it as we’ve begun to fly.”
Q: How does NetSuite fit into all of this with Oracle? Does anybody use NetSuite?
A: Oracle bought NetSuite a little less than two years ago for $9.3B and added 10,000 companies since (33% increase). How do you keep that market share growing? By adding new capabilities as fast as you can.
Oracle Buys NetSuite
$9.3 billion
Redwood Shores, Calif.—Jul 28, 2016
Global Organizations using NetSuite
2014 - 20,000
2016 - 30,000
2018 - 40,000
https://www.oracle.com/corporate/pressrelease/oracle-buys-netsuite-072816.html
Rory: Oracle, we brought it home and yes, it is a BIG DEAL!
I believe it's going to be a big game changer for existing Oracle Netsuite users once they have access to this tool right from their dashboard
Yeah I think it's going to be very very well received among existing Netsuite users and there's millions of them."
2/16/18 SHAC: http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
Q: Oracle is a large product, development and service company. With all their resources, why wouldn't they develop something similar?
A: For the last year they've been hiring like gangbusters. They have 1,619 sales openings right now only topped by 1,797 in product development.
That potentially is $250M in product development new hires and another $250M in sales new hires per year.
That's 1/2 a billion $ in new hires. It is a lot faster to partner with an existing company than to try to hiring even more to create a new solution from scratch
Q: Why would Oracle do a deal with a small startup company?
Reuters:
A: Large companies do it all the time when they find great innovation. Here's an example:
Slack valued at $5.1 billion after new funding led by SoftBank
SEPTEMBER 18, 2017
https://www.reuters.com/article/us-slack-fundraising/slack-valued-at-5-1-billion-after-new-funding-led-by-softbank-idUSKCN1BT0KO
Slack locks down Oracle partnership targeting enterprises
OCTOBER 3, 2017
Slack locks down Oracle partnership targeting enterprises
Q: I heard a lot about Salesforce being a giant in CRM. Why didn't nFusz do a deal with them first or even SAP?
A: Oracle is under a lot of pressure to continue to drive sales like every company and in this case, to the cloud. Having innovative products from nFusz will help them hit their targets.
What a lot of people don't know is even Oracle's competition rely on Oracle. Having Oracle sales reps market nFusz to Oracle customers is also marketing the company so Oracle's competitors at the same time.
"Let me tell you who's not moving off of Oracle. A company you've heard of that gave us another $50 million this last quarter. That company is Amazon. They're not moving off of Oracle. Salesforce isn't moving off of Oracle. Our competitors, who have [no reason] to like us very much, continue to invest in and run their entire business on Oracle. I don't know who's moving on from Oracle. Maybe Mark knows, maybe Safra does. But Amazon , you think Amazon would really want to move. Let me tell you someone else who is not moving out of Oracle: SAP . They have the database called HANA. They'd like to move SuccessFactors. They've been trying to move off of Oracle for 5 or 6 years. All SAP large customers run on Oracle. Amazon continues to buy Oracle technology to run their business. Salesforce runs entirely on Oracle. Go ahead, you tell me who's moving off of Oracle."
http://www.zdnet.com/article/oracle-q2-strong-on-cloud-saas-momentum/
Q: Now that nFusz has done a deal with Oracle, does that mean they can't do a deal with any of the other large companies like SalesForce, SAP, Microsoft, etc.?
A: The Oracle deal is non-exclusive. nFusz is free to do deals with anyone else.
Q: Why would SalesForce, SAP, Microsoft want to do a deal with nFusz now that the product is going to be integrated into Oracle's Netsuite?
A: To stay competitive and not lose market share. Integrating nFusz technology into their solutions could cancel out the advantage Oracle has initially. Oracle is raising the bar on the product offering and NotifiCRM may be the new minimum that every product must have.
Q: What is the relationship of Oracle, Salesforce, SAP, Microsoft, Amazon and Google?
A: Salesforce's Triangulation Strategy
Jan 24, 2018 2:45 PM PT
https://www.crmbuyer.com/story/85087.html
************* nFusz Technology *************
Q: Is the code proprietary?
A: Rory: "our source is proprietary and protected by copyright"
Q: Couldn't another company replicate the software?
A: Rory: "I believe it’s now more than 10 million lines of code and it would be exceedingly difficult for anyone to duplicate"
*********** Product Innovation ***********
Q: What other applications could nFusz technology be applied?
A: LinkedIn, Real Estate, Armed Forces Recruitment, Dating Websites (e.g. Match.com), Insurance Brokers, etc. The list goes on and on.
Here's a video on NotifiID:
https://nfusz.com/super/ajax/ajax2.php?mediaid=h2t6fA==
I'll add this to the FAQ. It is my favorite video (two videos)
NotifiID
https://nfusz.com/super/ajax/ajax2.php?mediaid=h2t6fA==
Finally someone with an idea about how to solve a serious problem.
Well done. Very proud to be a shareholder of a company that is about people first.
LOL. Just be glad there aren't 100 experts with charts spamming the board.
The irony is if it worked as well as he says, he'd be retired on a boat somewhere looking up and Mars and Uranus at night.
Power of suggestion. If you suggest your thought to enough people, it may happen.
BTW: I suggest the stock will get to $10. But I am bias. Real bias as Rory has said.
I posted this elsewhere earlier.
"In pennyland, 9-10 times the stock will decline after some quick gains. No disrespect to him, but he could go out in his backyard and say Mars is aligning with Uranus and be right 90% of the time as well."
He would get more credibility/followers if he also explained why his charts didn't predict the future as well. Maybe he does, I don't know. Guy has to make a buck I guess.
They could buy one license and do a test. Two lectures, side by side, for two different classes. One that videos a professor upfront doing his thing and the other one with nFusz. Then survey the students to see what was more engaging. Then check their grades for the heck of it after the quarter/semester.
I can picture it. I've uploaded your homework assignments. Click here.
For additional info on today's lecture, click the icon on the screen here. I want your feedback on today's session. Click here.
Rory says in every video. DO YOUR OWN DD. Here's one a new investor may want to consider investing 14:39 minutes in to see the foreshadowing of distributive technology may look like (a.k.a. A Whole Can of Whoop Azz [Not my words]).
Rory: "It all comes down to the same thing. You got to get someone's attention. They've got to look at the video. They got to look at your ad, They got to read what it is you are trying to pitch. Without that you've got nothing!
What if, what if, you could PAY people to watch your videos? AND pay them in cyrpto currency? Think about that for a second. And now, now, now, here's where it gets interesting and it's vastly different than a lot of companies out there that are trying to do an ICOs and create a crypto currency.
In this environment, the people that are geting paid to watch your video ads, they could then accumulate that currency and use that to purchase the products our clients and customers are trying to sell them through the videos."
Michael Yorba CEO Money: You have made history buddy. You put that together, everything stands on it's ear.
Rory: "I am extremely excited about it."
Dec 20, 2017
A couple of thoughts
1.) This isn't a stock that will follow charts in my opinion. It was way undervalued to begin with and the longer it sat between .07-.10, the tighter the spring compressed. What unleashed the action was the strategy.
Maybe some thought they were going to go after one company at a time. Surprise! With Oracle, Marketo, and Entourage, (the latter that is targeted at 100M users), this is the big leagues. Factor in a 98% retention rate (got to add that to the FAQ) and the potential is staggering. Keep in mind, the Oracle and Marketo deals haven't even been PR's yet nor the retention rate. Rory said he didn't know what the standard retention rate is for SaaS providers. I can tell you all of them would be tickled green to have a 98% rate. Also factor in the cost of acquisition is relatively low as well due to point #2 below.
With a single company sales approach you may get 1, 10, 100, 1000 users. With a broad approach like they are doing, you are going after millions of users all at once.
Rory said they are bring on additional staff. You can read the tea leaves what's coming.
2.) This isn't they type of software you have do 3 demos, pilot, etc. for people to get. Most people as soon as they see it they start coming up with ideas of where it could easily be used. These are non techie people which says a lot. I've shown it to a lot of people and the reaction is always the same. That is really cool, that would be good for xyz. As an example, one person told me it would be great at schools and institutions for teachers. Also think about online training, University of PHX, Lynda.com. How much more engaging would all that be to the student.
The possibilities are endless. Would love to add all the current ideas of application into the FAQ.
That's what they guy said that sold at .10
Haven't heard back from him. Even though many here provided plenty of reasons why this was going to dollar land in the short-term.
----------- FUSZ INVESTOR FAQ ---------------
*********** nFusz Media Updates *************
Q: Has the CEO recently provided any updates?
A: Yes, at least once of week, if not more either through radio interviews on CEO Money or Shareholder updates using nFusz technology. Here's some of the most recent updates:
2/16/18 SHAC: http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
See more management videos here: https://nfusz.com/management-videos/
Radio Interviews:
2/14/18 CEO Money:
Thanks. There are a lot of posters here that have paid it forward with hours invested like yourself and no doubt many new investors to come that will do the same.
Rory is the model CEO on how to communicate to shareholders and this board is the model that breaks the mold from how boards have been in the past. Information sharing and transparency trumps a lot of other things.
There is so much information about the company it's impossible to capture it all in a day. Funny how its hard to find stuff when you are looking for it (e.g. LinkedIN / NotifID Update as one example).
-------------- FUSZ INVESTOR FAQ ------------------
************** nFusz Media Updates ****************
Q: Has the CEO recently provided any updates?
A: Yes, at least once of week, if not more either through radio interviews on CEO Money or Shareholder updates using nFusz technology. Here's some of the most recent updates:
2/16/18 SHAC: http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
See more management videos here: https://nfusz.com/management-videos/
Radio Interviews:
2/14/18 CEO Money:
I think this will work. Just won't add long links and delete any that break along the way.
Added Rory's in inconceivable quote on the Oracle progress and announcement.
nFusz FAQ
***************** nFusz Technology *****************
Q: Is the code proprietary?
A: Rory: "our source is proprietary and protected by copyright"
Q: Couldn't another company replicate the software?
A: Rory: "I believe it’s now more than 10 million lines of code and it would be exceedingly difficult for anyone to duplicate"
***************** Oracle *****************
Q:When is the Oracle deal going to be announced?
A: Form 8-K: 1/2/2018 - "The Agreement provides that the development of the application, which will be undertaken jointly by us and ORACLE, will be completed within one year. We anticipate that development of the application, which has already begun, will be completed within 120 days. The Agreement is for an initial term of one year, but renews automatically for successive one-year terms, unless sooner terminated in accordance with the termination provisions set forth in the Agreement."
The development started before the 8K was released and word from the company is they are ahead of schedule. Anticipate development to be competed in the next month.
Q: Has there been any other updates on the Oracle announcment since the 8-K?
A: Rory: “Remember, Oracle has yet to announce our deal. While there are no guarantees in life or investing, it’s inconceivable to me that their PR - about 45-60 days away, possibly much sooner - would not create a level of awareness about our company in the investment community at large, institutional and otherwise, that would drive volume in the stock to levels we have never seen. We will be seen by investors that don’t track OTC companies. If you believe that scenario, as I do, then this pull-back - affecting all stocks on all exchanges right now - should be seen as a buying opportunity. We’ve seen first hand how the SP can move on modest news. The die is cast. People need to take off their day-trader glasses through which they view most OTC stocks and take a fresh hard look at the due diligence material available on nFusz. The sky is not falling, we’re just getting closer to it as we’ve begun to fly.”
Q: How does NetSuite fit into all of this with Oracle? Does anybody use NetSuite?
A: Oracle bought NetSuite a little less than two years ago for $9.3B and added 10,000 companies since (33% increase). How do you keep that market share growing? By adding new capabilities as fast as you can.
Oracle Buys NetSuite
$9.3 billion
Redwood Shores, Calif.—Jul 28, 2016
Global Organizations using NetSuite
2014 - 20,000
2016 - 30,000
2018 - 40,000
https://www.oracle.com/corporate/pressrelease/oracle-buys-netsuite-072816.html
Rory: Oracle, we brought it home and yes, it is a BIG DEAL!
I believe it's going to be a big game changer for existing Oracle Netsuite users once they have access to this tool right from their dashboard
Yeah I think it's going to be very very well received among existing Netsuite users and there's millions of them."
2/16/18 SHAC: http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
Q: Oracle is a large product, development and service company. With all their resources, why wouldn't they develop something similar?
A: For the last year they've been hiring like gangbusters. They have 1,619 sales openings right now only topped by 1,797 in product development.
That potentially is $250M in product development new hires and another $250M in sales new hires per year.
That's 1/2 a billion $ in new hires. It is a lot faster to partner with an existing company than to try to hiring even more to create a new solution from scratch
Q: Why would Oracle do a deal with a small startup company?
Reuters:
A: Large companies do it all the time when they find great innovation. Here's an example:
Slack valued at $5.1 billion after new funding led by SoftBank
SEPTEMBER 18, 2017
https://www.reuters.com/article/us-slack-fundraising/slack-valued-at-5-1-billion-after-new-funding-led-by-softbank-idUSKCN1BT0KO
Slack locks down Oracle partnership targeting enterprises
OCTOBER 3, 2017
Slack locks down Oracle partnership targeting enterprises
Q: I heard a lot about Salesforce being a giant in CRM. Why didn't nFusz do a deal with them first or even SAP?
A: Oracle is under a lot of pressure to continue to drive sales like every company and in this case, to the cloud. Having innovative products from nFusz will help them hit their targets.
What a lot of people don't know is even Oracle's competition rely on Oracle. Having Oracle sales reps market nFusz to Oracle customers is also marketing the company so Oracle's competitors at the same time.
"Let me tell you who's not moving off of Oracle. A company you've heard of that gave us another $50 million this last quarter. That company is Amazon. They're not moving off of Oracle. Salesforce isn't moving off of Oracle. Our competitors, who have [no reason] to like us very much, continue to invest in and run their entire business on Oracle. I don't know who's moving on from Oracle. Maybe Mark knows, maybe Safra does. But Amazon , you think Amazon would really want to move. Let me tell you someone else who is not moving out of Oracle: SAP . They have the database called HANA. They'd like to move SuccessFactors. They've been trying to move off of Oracle for 5 or 6 years. All SAP large customers run on Oracle. Amazon continues to buy Oracle technology to run their business. Salesforce runs entirely on Oracle. Go ahead, you tell me who's moving off of Oracle."
http://www.zdnet.com/article/oracle-q2-strong-on-cloud-saas-momentum/
Q: Now that nFusz has done a deal with Oracle, does that mean they can't do a deal with any of the other large companies like SalesForce, SAP, Microsoft, etc.?
A: The Oracle deal is non-exclusive. nFusz is free to do deals with anyone else.
Q: Why would SalesForce, SAP, Microsoft want to do a deal with nFusz now that the product is going to be integrated into Oracle's Netsuite?
A: To stay competitive and not lose market share. Integrating nFusz technology into their solutions could cancel out the advantage Oracle has initially. Oracle is raising the bar on the product offering and NotifiCRM may be the new minimum that every product must have.
Q: What is the relationship of Oracle, Salesforce, SAP, Microsoft, Amazon and Google?
A: Salesforce's Triangulation Strategy
Jan 24, 2018 2:45 PM PT
https://www.crmbuyer.com/story/85087.html
***************** Product Innovation *****************
Q: What other applications could nFusz technology be applied?
A: LinkedIn, Real Estate, Armed Forces Recruitment, Dating Websites (e.g. Match.com), Insurance Brokers, etc.
***************** Stock Related *****************
Q: When is the company thinking of uplisting?
A: Rory: "I want to clean up the balance sheet and position us for an uplist as soon as possible."
2/16/18 SHAC: http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
Shoot, I think long links are going to break on a cut and paste reply and will lose formatting. Not the end of the world but I do think a FAQ would be useful.
As an example, I added a recent link below in the FAQ at the bottom of the Oracle section., but highlight a couple of quotes why this is interesting. Think about what SF, SAP, Microsoft will want to do to "neutralize" the advantage Oracle has from nFusz. You can neutralize by partnering with nFusz too!
I would leave the one stop FAQ out of the sticky. I know it sounds counter intuitive, but ideally this would be updated multiple times a day with the best of Q&A that comes up and would constantly pop up in the latest 10-30 posts.
Link worked for me. We could put many of the videos in the FAQ to make it simple for people to find.
One stop shopping.
Thanks for the PM guys. My suggestion was trying to view this from a new investor POV. I remember when I first started looking at Fusz, the volume of post almost made me say forget it. I don't have time to read all that. And I am a guy that likes to read!
A lot of Salesforce and SAP customers use Oracle as I've posted the quote and link. See the brand smacking new FAQ that everyone is welcome to add, edit or delete. Everyone should feel comfortable with editing or correcting something someone else wrote.
I know some Oracle customers use Salesforce.
The real interesting question is, does Oracle use Salesforce internally as we know Salesforce uses Oracle.
This is a little older and I'll try to find something newer.
Oracle, Salesforce and the nature of ‘co-opetition’
https://diginomica.com/2013/07/02/oracle-salesforce-and-how-co-opetition-works/
I do like the headline and the content about ‘co-opetition’.
While it would be nice to say I would never use the competitions products as ours are better, that isn't always the case and also a rip and replace could be too cost prohibitive.
The Oracle deal covers Oracle. I would guess SAP and Salesforce are aware of the deal, but a separate deal would be needed for each of those companies and that would be 8-K in my opinion.
The other thing I'll share is many of these large companies have connectors, adapters, etc. for their competitors to move data back and forth.
Here's the release notes Oracle has for Salesforce.
https://docs.oracle.com/en/cloud/paas/integration-cloud-service/icssf/using-salesforce-adapter.pdf
And "How To" documentation:
https://docs.oracle.com/en/cloud/paas/integration-cloud/sforce-adapter/index.html
I love the proativeness!
I mean this in the best way. Might be good to get the company's POV on initiating sales calls. Would be different if you had a connection already at SalesForce in Sales, Marketing, Product Development, Communications, etc. and reached out to them to get them excited and they could spread the word internally or get nFusz sales team involved.
I have seen a number of times where a company only has one shot into a large corporation and when they try, someone there goes, oh, aren't you the company that's been spamming me with a few emails or cold calls. No thanks.
They won't remember that none of us exactly work for nFusz. If you got one shot at the top, you want to go in firing on all cylinders. Another stock I was in there was a bike messenger that would stop by potential customer's office. Meant well. Probably did more sales legwork than anyone.
I will ask that question about getting their POV and will get back to you.
BTW - I do hope you get a call back, but I think they are already very familiar with nFusz would be my guess.
Throwing an idea out to the group. What if we created a living, dynamic FAQ for new investors, but also written from a new investor POV?
Wouldn't have to be in the intro or a sticky but could be more of a living FAQ that people add to as more questions come up. A sort of poor man's Wiki but keeping it simple by reposting and adding to it with sections broken out.
Every time a good question comes up and a good response is provided, one of us reposts the FAQ with the updated Q&A. After a few months it should be rather robust and something new investors will continue to see as more gets added.
Example:
nFusz FAQ
***************** nFusz Technology *****************
Is the code proprietary?
Rory: "our source is proprietary and protected by copyright"
Couldn't another company replicate the software?
Rory: "I believe it’s now more than 10 million lines of code and it would be exceedingly difficult for anyone to duplicate"
***************** Oracle *****************
When is the Oracle deal going to be announced?
Form 8-K: 1/2/2018 - "The Agreement provides that the development of the application, which will be undertaken jointly by us and ORACLE, will be completed within one year. We anticipate that development of the application, which has already begun, will be completed within 120 days. The Agreement is for an initial term of one year, but renews automatically for successive one-year terms, unless sooner terminated in accordance with the termination provisions set forth in the Agreement."
The development started before the 8K was released and word from the company is they are ahead of schedule. Anticipate development to be competed in the next month.
How does NetSuite fit into all of this with Oracle? Does anybody use NetSuite?
Oracle bought NetSuite a little less than two years ago for $9.3B and added 10,000 companies since (33% increase). How do you keep that market share growing? By adding new capabilities as fast as you can.
Oracle Buys NetSuite
$9.3 billion
Redwood Shores, Calif.—Jul 28, 2016
https://www.oracle.com/corporate/pressrelease...72816.html
Global Organizations using NetSuite
2014 - 20,000
2016 - 30,000
2018 - 40,000
https://www.oracle.com/corporate/pressrelease/oracle-buys-netsuite-072816.html
Rory: Oracle, we brought it home and yes, it is a BIG DEAL!
I believe it's going to be a big game changer for existing Oracle Netsuite users once they have access to this tool right from their dashboard
Yeah I think it's going to be very very well received among existing Netsuite users and there's millions of them."
2/16/18 SHAC: http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
Oracle is a large product, development and service company. With all their resources, why wouldn't they development something similar?
For the last year they've been hiring like gangbusters. They have 1,619 sales openings right now only topped by 1,797 in product development.
That potentially is $250M in product development new hires and another $250M in sales new hires per year.
That's 1/2 a billion $ in new hires. It is a lot faster to partner with an existing company than to try to hiring even more to create a new solution from scratch
Why would Oracle do a deal with a small startup company?
Reuters:
Large companies do it all the time when they find great innovation. Here's an example:
Slack valued at $5.1 billion after new funding led by SoftBank
SEPTEMBER 18, 2017
https://www.reuters.com/article/us-slack-fundraising/slack-valued-at-5-1-billion-after-new-funding-led-by-softbank-idUSKCN1BT0KO
Reuters:
Slack locks down Oracle partnership targeting enterprises
OCTOBER 3, 2017
Slack locks down Oracle partnership targeting enterprises
I heard a lot about Salesforce being a giant in CRM. Why didn't nFusz do a deal with them first or even SAP?
Oracle is under a lot of pressure to continue to drive sales to the cloud. Having innovative products from nFusz will help them hit their targets.
What a lot of people don't know is even Oracle's competition rely on Oracle. Having Oracle sales reps market nFusz to Oracle customers is also marketing the company so Oracle's competitors at the same time.
"Let me tell you who's not moving off of Oracle. A company you've heard of that gave us another $50 million this last quarter. That company is Amazon. They're not moving off of Oracle. Salesforce isn't moving off of Oracle. Our competitors, who have [no reason] to like us very much, continue to invest in and run their entire business on Oracle. I don't know who's moving on from Oracle. Maybe Mark knows, maybe Safra does. But Amazon , you think Amazon would really want to move. Let me tell you someone else who is not moving out of Oracle: SAP . They have the database called HANA. They'd like to move SuccessFactors. They've been trying to move off of Oracle for 5 or 6 years. All SAP large customers run on Oracle. Amazon continues to buy Oracle technology to run their business. Salesforce runs entirely on Oracle. Go ahead, you tell me who's moving off of Oracle."
http://www.zdnet.com/article/oracle-q2-strong-on-cloud-saas-momentum/
Now that nFusz has done a deal with Oracle, does that mean they can't do a deal with any of the other large companies like SalesForce, SAP, Microsoft, etc.?
The Oracle deal is non-exclusive. nFusz is free to do deals with anyone else.
Why would SalesForce, SAP, Microsoft want to do a deal with nFusz now that the product is going to be integrated into Oracle's Netsuite?
To stay competitive and not lose market share. Integrating nFusz technology into their solutions could cancel out the advantage Oracle has initially. Oracle is raising the bar on the product offering and NotifiCRM may be the new minimum that every product must have.
***************** Product Innovation *****************
What other applications could nFusz technology be applied?
LinkedIn, Real Estate, Armed Forces Recruitment, Dating Websites (e.g. Match.com), Insurance Brokers, etc.
***************** Stock Related *****************
When is the company thinking of uplisting?
Rory: "I want to clean up the balance sheet and position us for an uplist as soon as possible."
2/16/18 SHAC: http://nfusz.com/super/ajax/ajax2.php?mediaid=iGV0dg
120 days puts it at April assuming they didn't start before Dec. Keep in mind Rory talked about this even earlier.
Since users can sign up right away and start using the product, you could see revenue a month later.
This is just one of many things going on. You could wait, but that's what the people were doing when they were trying to buy in a fraction of a penny lower last year and missed the opportunity.
I don't think anyone has long to wait. Could very well uplist by the time some people hope to buy in cheaper.
I think it will take years for Oracle to recoup the $9B invested but that wasn't want the deal was all about. It was to keep existing Oracle customers from straying and block competition from having a monopoly in my opinion.
Large enterprises would like fewer vendors than more to manage, but if your big dog vendor doesn't have a pony you can ride in their stable you have to go to the next pasture over. A customer with a toe in the water elsewhere isn't a good thing.
nFusz will help Oracle drive sales, bring on new customers and keep existing customers happy. Win-Win.
Would Oracle buy nFusz down the road to prevent the competition from having them? Would Oracle's competitors buy nFusz for the same reason. This is what is going to make this interesting in the months to come.
No one wants to be on the losing end of bidding on disruptive technology.
As requested, here's my series of posts from another board. If you are a new investor, your spidey senses may be telling you there is a lot of hype of nFusz. The stock is up 5x so you can't blame that. But look beyond that. Rory said over and over again, do you DD. I just post the facts (with links) and you can draw your own conclusions from there to buy, sell or hold. I've done my research and this is just the start.
Thanks for the welcome. I bought Fusz in the .08's, .08's and .20's and .24's. I haven't posted in iHub in over a year, but this board is different than the rest. It is the model for DD and collaboration. The Mods have to be commended and then some.
I actually worked at a company back in 2000 and we said we could just build what salesforce was doing vs buying them. It's never as easy as it looks even back then.
You are 100% correct about the "IT'S CHEAPER". If you look at what Oracle invests in product development, it's a no brainer.
That quote was from a few months ago. Unless they did in the last two months what they couldn't do in the last 5 years, they are still with Oracle.
In some cases this is called vendor lock in. You are in so deep and it's so core to everything you do, it would cost 100's of millions to try to rip it out. Obviously it's something that everyone doesn't want widely know.
I posted this elsewhere as more food for thought...
If you had to pick who you would do a deal first in the land of the giants, doing it with Oracle is a home run. You hit all the customers and put a little pressure on the competition. Had you been fortunate of doing SF or SAP first, you don't have that advantage and run the risk of Oracle not feeling the pressure and not doing a deal later on.
Oracle wants to drive cloud sales in a big way. For the last year they've been hiring like gangbusters. They have 1,619 sales openings right now only topped by 1,797 in product development.
That potentially is $250M in product development new hires and another $250M in sales new hires per year.
That's 1/2 a billion in new hires. This is why partnering with nFusz vs building from scrach is a Win-Win not only on the product side, but can also help on the sales side.
I posted this elsewhere but worth posting here. When Rory says Oracle is a big deal you also have to consider who Oracle's customers are.
They are everybody. Many of the competition AND their customers use Oracle DB. Yeah you could use MS SQL Server or any of the open source DB software out there but Oracle is proven to be reliable and to scale. Not exactly cheap, but who wants to risk their enterprise operations.
This means Oracle sales people could reach out to SAP and Salesforce customers through inside sales and say hey, we added something really cool you may want to see to our NetSuite product. Yeah, I know you already have something but you have to see this to believe.
If I were Salesforce and SAP, I'd be happy nFusz didn't sign an exclusive deal with just Oracle. Opportunity for them to get in the game.
Phaeton’s post made a good point base on real world experience. The failure rate of installing CRM systems or ERP systems is really high.
I spoke with a CEO that was installing JDE. Told it would be $3M. Ended up spending $6M before all was said and done and guess what? It wasn't done. He asked me what they should do as they were planning on ripping it out because they couldn't get it to work. I figure it was more they couldn't adopt it. The kicker was, he said I don't even know if we needed to replace our existing systems in the first place.
The problem in many cases is not the technology, it's the change management. Many people don't like change especially if they don't have the time for it. In the case of CRM systems, sales guys are either always in the road or on calls. When are they going to have time to learn a new system, especially if it's quite complex? And if all it is a database of contacts and a tracking system that keeps tabs on them, you could see the resistance coming from a mile away.
I had a sales guy call me this week and when I reminded him I said no to him 2 months ago and he hung up on me back then. Guess what? He hung up on my again LOL. Talk about a frustrated sales guy! A database of phone numbers to call is next to worthless these days. I know many people at companies won't even answer their phone these days as they can get dozens of calls a day.
Enter NotifiCRM. Simple to use, takes minutes to learn AND you can use it to do your selling. Less time on the road, on phone calls, etc.
Rory agrees with Phaeton:
nFusz Unveils Controversial Campaign for its notifiCRM Product Titled "We Hate CRM, So You Don't Have To
This is a Win-Win for Oracle. Not only can they get 10% of the cut selling this to millions of existing NetSuite users but this can help them add another 10,000 new companies into the fold when they demo the jaw dropping technology to potential new NetSuite customers.
Salesforce, SAP and Microsoft will have to come up with something to wow customers in their demo meetings. Partnering with nFusz could help.
What types of startup companies does Oracle do deals with?
Not ones with low potential...
Forbes:
Slack's Possible $9 Billion Valuation Has Amazon And Others Calling
JUN 15, 2017
https://www.forbes.com/sites/janetwburns/2017/06/15/slack-is-raising-500m-more-as-possible-9b-valuation-has-amazon-and-others-calling/#d90fda52ad13
Reuters:
Slack valued at $5.1 billion after new funding led by SoftBank
SEPTEMBER 18, 2017
https://www.reuters.com/article/us-slack-fundraising/slack-valued-at-5-1-billion-after-new-funding-led-by-softbank-idUSKCN1BT0KO
Reuters:
Slack locks down Oracle partnership targeting enterprises
OCTOBER 3, 2017
https://www.reuters.com/article/us-slack-oracle/slack-locks-down-oracle-partnership-targeting-enterprises-idUSKCN1C81GR
Reuters:
BRIEF-Nfusz Inc Enters Agreement With Oracle's Unit To Develop Application
JANUARY 3, 2018
https://www.reuters.com/article/brief-nfusz-inc-enters-agreement-with-or/brief-nfusz-inc-enters-agreement-with-oracles-unit-to-develop-application-idUSFWN1OY02J