Author Topic: Stratasys acquires Makerbot for $405M  (Read 6854 times)

0 Members and 1 Guest are viewing this topic.

Online EEVblog

  • Administrator
  • *****
  • Posts: 30855
  • Country: au
    • EEVblog
Stratasys acquires Makerbot for $405M
« on: June 20, 2013, 03:10:45 am »
CNET http://news.cnet.com/8301-11386_3-57590132-76/stratasys-acquires-makerbot-in-$403-million-deal/?ttag=twic

Makerbot made $11.5M in revenue last year.
That's 35 times earning.
Great for Makerbot, maybe not so bright for Stratasys...
Bre was smart selling out at that price, but I guess he only got stock to show for it.
« Last Edit: June 20, 2013, 03:41:11 am by EEVblog »
 

Offline Rufus

  • Super Contributor
  • ***
  • Posts: 2094
Re: Stratasys acquires Makerbot for $405M
« Reply #1 on: June 20, 2013, 03:31:45 am »
Stratasys made about 109 million last year with a 3.27 billion cap. About the same ratio.

So both overvalued but Stratasys is less dependant on a consumer fad.
 

Offline johnboxall

  • Supporter
  • ****
  • Posts: 526
  • Country: au
  • Problems are solved by taking action.
Re: Stratasys acquires Makerbot for $405M
« Reply #2 on: June 20, 2013, 03:59:25 am »
Kudos to Bre, he had the balls to make some money. Probably pissed off a few people on the way, but that happens.  >:D
 

Offline justanothercanuck

  • Frequent Contributor
  • **
  • Posts: 390
  • Country: ca
  • Doing retro repairs...
Re: Stratasys acquires Makerbot for $405M
« Reply #3 on: June 20, 2013, 04:15:42 am »
Probably pissed off a few people on the way, but that happens.  >:D

I hear their business practices already did that.
Maintain your old electronics!  If you don't preserve it, it could be lost forever!
 

Offline george graves

  • Super Contributor
  • ***
  • Posts: 1259
  • Country: us
Re: Stratasys acquires Makerbot for $405M
« Reply #4 on: June 20, 2013, 04:21:59 am »
Congrats to Bre.

As most people know - the makerbot is a good bit of kit - but it's far from a perfect out of the box experience, that some (most?) people are expecting(no printer is in that price range is really)....but it does beg the question.....

I wonder if the finance guys at Stratasys has actually used a makerbot before they put down $400 million?   I bet you they didn't.

Online EEVblog

  • Administrator
  • *****
  • Posts: 30855
  • Country: au
    • EEVblog
Re: Stratasys acquires Makerbot for $405M
« Reply #5 on: June 20, 2013, 04:40:20 am »
Probably pissed off a few people on the way, but that happens.  >:D

You piss off people no matter what you do. So might as well do what you want!
 

Offline Bored@Work

  • Super Contributor
  • ***
  • Posts: 3932
  • Country: 00
Re: Stratasys acquires Makerbot for $405M
« Reply #6 on: June 20, 2013, 04:52:23 am »
Kudos to Bre, he had the balls to make some money. Probably pissed off a few people on the way, but that happens.  >:D

Yes, ratting out the open source crowd pays off :( No kudos to Bre.
I delete PMs unread. If you have something to say, say it in public.
For all else: Profile->[Modify Profile]Buddies/Ignore List->Edit Ignore List
 

Offline fuffkin

  • Contributor
  • Posts: 10
  • Country: gb
    • Spell Foundry
Re: Stratasys acquires Makerbot for $405M
« Reply #7 on: June 20, 2013, 07:29:50 am »
That is an amazing deal and an amount of money and valuation in a little over 4 years.

I bought one of their first Cupcake CNC machines and I did feel a bit cheated at the time. It took me ages to set-up and the extruder would always clog up and need re-building. It was nothing like the hype that Bre was putting out at the time and was pretty much not fit for purpose. I know and accept that's what you get as an early adopter, but I can's help feeling a little conned by Bre's hyperbole.

Winge over, the question I really wanted to throw out there is: When Zach Hoeken got ousted from Makerbot, do you think he retained some shares and is he cracking open a bottle of bubbly right now????
 

Offline senso

  • Frequent Contributor
  • **
  • Posts: 921
  • Country: pt
    • My AVR tutorials
Re: Stratasys acquires Makerbot for $405M
« Reply #8 on: June 20, 2013, 08:36:16 am »
Jackpot...

So much money for some open-source ideas half borrowed half copied and simple 3 axis platform with a hot-end duct tapped to it, and an arduino running the show.  :o
There is so many fools money in the USA that it hurts just to read things like this..
 

Online EEVblog

  • Administrator
  • *****
  • Posts: 30855
  • Country: au
    • EEVblog
Re: Stratasys acquires Makerbot for $405M
« Reply #9 on: June 20, 2013, 09:19:09 am »
Winge over, the question I really wanted to throw out there is: When Zach Hoeken got ousted from Makerbot, do you think he retained some shares and is he cracking open a bottle of bubbly right now????

We had him on the Amp hour once. Can't recall what he said about the whole affair...
 

Online EEVblog

  • Administrator
  • *****
  • Posts: 30855
  • Country: au
    • EEVblog
Re: Stratasys acquires Makerbot for $405M
« Reply #10 on: June 20, 2013, 09:29:03 am »
So much money for some open-source ideas half borrowed half copied and simple 3 axis platform with a hot-end duct tapped to it, and an arduino running the show.  :o
There is so many fools money in the USA that it hurts just to read things like this..

You don't think they are buying the technology do you? Maybe some of it is worth something, but we'd be talking low single digit percent stuff here at best, unless Stratasys are fools.
Remember, even 5% of $400M is $20M. That buys you are huge amount of R&D. And 3D printers aren't rocket science.
So scratch that idea.
They also are not buying the going business. Once again, it's worth something, but Makerbot are only pulling in 11.5M a year in sales, before costs. And it's likely they are not running a huge margin on these things. So it can't be that, once again, unless Stratasys are fools.
Lets's say Makerbot make a massive $5M a year in profit (it's would be more like $2-3M tops), that's 80 years worth of sales. No one buys a company for that at that rate. Scratch that.

So what's left to make it worth that?
1) The valuable brand name and hype that surrounds it.
2) Bre as the poster boy of the 3D printer world.
3) The fact that they are competitors. (one of the traditional reasons for gobbling up a company)
 

Offline senso

  • Frequent Contributor
  • **
  • Posts: 921
  • Country: pt
    • My AVR tutorials
Re: Stratasys acquires Makerbot for $405M
« Reply #11 on: June 20, 2013, 09:41:35 am »
That's exactly why I said what I said, the Stratasys guys have way better 3D printers, and I will assume that they have way better software too...

There is nothing special about the Makerbots, in fact I cant really understand all the hype around so many crappy 3D printers.
Its always a bloody plywood chassis(premium home made can be aluminium angle bolted together, ultra high-end is aluminium extrusions, but that is so rare...), some chinese steppers, chinese skate bearings for make-shift linear rails and timing belts.
And let it wobble like a piece of jelly.

Yes, they might be buying the image of the guy has Bre the 3D printer $DEITY.

None the less the Prusa inventor might be a bit upset with this sell
 

Offline uprightsquire

  • Contributor
  • Posts: 45
Re: Stratasys acquires Makerbot for $405M
« Reply #12 on: June 20, 2013, 09:48:33 am »
Zach Hoeken's twitter: https://twitter.com/hoeken/status/347607361785065472

Quote
@bre thanks for not fucking anything up!  I'll be on the beach if u need me....
 

Offline free_electron

  • Super Contributor
  • ***
  • Posts: 7330
  • Country: us
    • SiliconValleyGarage
Re: Stratasys acquires Makerbot for $405M
« Reply #13 on: June 20, 2013, 10:53:46 am »
Well, so far for the open sauce ..
Wham blam , thank you ma'm. Well sell it , get rich. So long and thanks for all the fish...
Professional Electron Wrangler.
Any comments, or points of view expressed, are my own and not endorsed , induced or compensated by my employer(s).
 

Offline nctnico

  • Super Contributor
  • ***
  • Posts: 18893
  • Country: nl
    • NCT Developments
Re: Stratasys acquires Makerbot for $405M
« Reply #14 on: June 20, 2013, 11:12:19 am »
IMHO its good news. I hope we can expect a decent 3D printer for a reasonable price in the near future.

BTW a wooden frame doesn't have to be unstable. It depends on the quality of the wood.
There are small lies, big lies and then there is what is on the screen of your oscilloscope.
 

Offline fuffkin

  • Contributor
  • Posts: 10
  • Country: gb
    • Spell Foundry
Re: Stratasys acquires Makerbot for $405M
« Reply #15 on: June 20, 2013, 11:14:41 am »
Yep, so by the sounds of that of it Zach retained some shares. Good for him!

As to the reasons , it's got to be something to do with the fact that 3D systems have bought up virtually everything else in this space, so they thought they'd better get in on the action at the low end. Point taken about the valuation which is barking mad.

This doesn't augur well for this end of the market. Makerbot will now be fully Closed Source. Apparently there were a few patent disputes between them and Stratesys that have now gone away, but could be used to beat up anyone else that challenges in this space.
 

Offline fuffkin

  • Contributor
  • Posts: 10
  • Country: gb
    • Spell Foundry
Re: Stratasys acquires Makerbot for $405M
« Reply #16 on: June 21, 2013, 06:59:07 am »
Here's another question:

Didn't Adrian Bowyer - the father of reprap, which Makerbot started from - put some initial money into founding Makerbot??? If so did he also retain some shares? If he did, then that is very poetic justice. I hope so, it would be richly deserved.
 

Online EEVblog

  • Administrator
  • *****
  • Posts: 30855
  • Country: au
    • EEVblog
Re: Stratasys acquires Makerbot for $405M
« Reply #17 on: June 21, 2013, 07:03:06 am »
Didn't Adrian Bowyer - the father of reprap, which Makerbot started from - put some initial money into founding Makerbot??? If so did he also retain some shares? If he did, then that is very poetic justice. I hope so, it would be richly deserved.

As I recall, a lot of people invested small amounts in Makerbot, including Bre's parents and a whole host of others. So they are probably doing pretty well now, and unlike Bre wouldn't be likely tied up to cash out now before the market comes down on Stratasys's ironically stratospheric market valuation.
 

Offline fuffkin

  • Contributor
  • Posts: 10
  • Country: gb
    • Spell Foundry
Re: Stratasys acquires Makerbot for $405M
« Reply #18 on: June 21, 2013, 07:04:13 am »
In answer to my own question: yes

Quote
Adrian Bowyer, who invented the RepRap model that provided the foundation for MakerBot, said he was “obviously pleased” with the recent $400+ million purchase of MakerBot by Stratasys because he owns a small percentage of MakerBot, the company.

For the full article, head on to the Make article: http://makezine.com/2013/06/20/reactions-to-the-makerbot-stratasys-deal/
 

Offline Joules

  • Contributor
  • Posts: 49
  • Country: england
  • My electronic skills are SMOKIN !!!
Re: Stratasys acquires Makerbot for $405M
« Reply #19 on: June 21, 2013, 10:25:14 am »
I wonder if Stratasys are maybe more interested in Thingyverse than they let on.
 

Offline envisionelec

  • Frequent Contributor
  • **
  • Posts: 263
  • Country: us
Re: Stratasys acquires Makerbot for $405M
« Reply #20 on: June 21, 2013, 12:19:51 pm »

So what's left to make it worth that?
1) The valuable brand name and hype that surrounds it.
2) Bre as the poster boy of the 3D printer world.
3) The fact that they are competitors. (one of the traditional reasons for gobbling up a company)

1 and 3 are huge reasons to buy. At that price? Not sure. They wanted to make a statement like a lot of tech companies do. It gets people talking.
 

Offline lemmegraphdat

  • Frequent Contributor
  • **
  • Posts: 273
  • Country: us
Re: Stratasys acquires Makerbot for $405M
« Reply #21 on: June 21, 2013, 10:51:12 pm »
One tech company sold to another tech company for basically nothing. These people are counting on capital gains that may not materialize.
Start right now.
 

Offline george graves

  • Super Contributor
  • ***
  • Posts: 1259
  • Country: us
Re: Stratasys acquires Makerbot for $405M
« Reply #22 on: June 22, 2013, 12:24:02 am »
I think what Stratasys is trying to "buy" is their name in the history books.  Like IBM, Apple, Dell, ect....

The idea being that - the first person to become a household name, is going to have a good market share.  But a lot has changed since the home computer revolution.  China will just make the whole thing a race to the bottom on price is my guess.

BTW - I'm not surprised at all the "haters" of makerbot.  There is a definite feeling of "Oh, I could have done that!" from them.  Well, but ya didn't.  Did ya?!?!  ;)

Offline lemmegraphdat

  • Frequent Contributor
  • **
  • Posts: 273
  • Country: us
Re: Stratasys acquires Makerbot for $405M
« Reply #23 on: June 22, 2013, 01:41:06 am »
I think what Stratasys is trying to "buy" is their name in the history books.  Like IBM, Apple, Dell, ect....

The idea being that - the first person to become a household name, is going to have a good market share.  But a lot has changed since the home computer revolution.  China will just make the whole thing a race to the bottom on price is my guess.

BTW - I'm not surprised at all the "haters" of makerbot.  There is a definite feeling of "Oh, I could have done that!" from them.  Well, but ya didn't.  Did ya?!?!  ;)
History books is not what those companies were shooting for. Apparently Makerbot wasn't worth real money and or debt. I wonder if there was an agreement to not sell the ssys stock for a number of years.
Start right now.
 

Offline george graves

  • Super Contributor
  • ***
  • Posts: 1259
  • Country: us
Re: Stratasys acquires Makerbot for $405M
« Reply #24 on: June 22, 2013, 01:52:42 am »
"History books" or "making tons of money".  Same thing.


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf