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Thread: Vectric now Employee Owned :)

  1. #1
    Join Date
    Apr 2013
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    Kennebunkport, Maine
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    Default Vectric now Employee Owned :)

    As if it's not already a day for giving thanks, Now Vectric is Employee Owned;
    https://forum.vectric.com/viewtopic.php?f=18&t=33383
    I Just downloaded from my Portal the free 3D clip art they're giving in celebration
    Congratulations to Brian and all the new owners!!
    scott
    Scott Plaisted
    2013 Desktop/spindle/VCP 9
    Maine

  2. #2
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    Oct 2013
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    Default

    I've seen this scenario with other companies. Not saying it will happen to Vectric, but other companies went downhill and pricing increased.
    Vectric seems to only appreciate those who continually pay for their upgrades and acquire the latest version of the software. They do nothing to accommodate those who, for whatever reason, still use an older version than the latest. There are plenty of excuses for these actions, but never a solution. A simple lack of customer support.
    At one time, I considered purchasing the upgrade(s), but once seeing how things are handled, I've come to the conclusion that this is a perpetual condition to force compliance. I have since decided to purchase a more powerful software package, for a comparable price to Aspire.

  3. #3
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    Mar 2013
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    Memphis TN
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    Default

    As someone who is in the software industry, I can say that the only way to run a software business successfully is to have minimum version support levels. A company who will support any version, even one ten years old, is going to be carrying a lot of heavy baggage. The training requirements for the support personnel, who are generally lower skilled labor, are way beyond the value to the business. Customers who languish on older versions beyond the service life are on their own. Upgrade or move to another platform.

    Obviously, the danger in that is that some customers will eventually move to another platform but the cost balance probably makes it more profitable to let those customers go.
    ShopBot Details:
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  4. #4
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    If their new releases included valuable upgrades, something significant, to justify the cost, it would be understandable. Just a few small additions, doesn't make it a viable expense.
    One of the issues that could be resolved, is their free projects. They claim that the projects are created in the latest version, and aren't reverse compatible. 2D vectors don't require compatibility, and the 3D files could be converted to an .stl file for use with any version that supports that feature. Again, it's not a viable expense to upgrade simply for the free projects, and with the projects not usable to those without the latest version, reduces their customer base. If losing those customers to another company is profitable, then they will see an incredible increase in revenue.
    If customers are expected to purchase upgrades to remain important to the company, and get the proper support, then the subscriptions seem to be a better option.

  5. #5
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    Apr 2011
    Location
    near Atlanta, Georgia
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    Default

    Agree with Coryatjohn - I am 'retired' IT as well. Pretty much industry wide the current and previous release is supported. The other problem that can exist is, as new versions are released, there can be internal data structure changes of data storage, etc. Paths are provided to upgrade the more recent version data structure to the new. That path is probably not available going from vs 3 to vs 8 as an example. If one chooses to remain on an old version, be it hardware or software, that is fine as long as their set up does what they need BUT they also have to realize the potential ramifications down the road if their needs change. That could include a new full purchase and no way to upgrade from their old stuff.

  6. #6
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    Nov 2016
    Location
    New Mexico
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    Default

    Since I'm an EQUAL OPPORTUNITY OPINION PERSON (and comfortable with that), here's my brain-dump on this great subject...

    Let's hope Vectric can manage the new employee owned setup well. Those situations always end up with TOO MANY CHIEFS, NOT ENOUGH BRAVES. Good luck, Vectric.

    Many years ago, Microsoft and Apple discovered that large corporations budget for new hardware upgrades every 3 years. Aha! Lets do the same with software versions! To heck with small business people.
    Both Microsoft and Apple realized the increased revenue in that business model. Aha!

    I am still very happy with Vectric v8.5 . It works! It makes money for our small company year after year.
    Dave B
    New Mexico
    Our most important shop tool is the pencil sharpener!

  7. #7
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    Dec 2011
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    Piedmont, SD
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    Default

    I have since decided to purchase a more powerful software package, for a comparable price to Aspire.
    Are you willing to share the name of this software package?

  8. #8
    Join Date
    Dec 2011
    Location
    Piedmont, SD
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    678

    Default Free Clip art

    I Just downloaded from my Portal the free 3D clip art they're giving in celebration
    I've logged in twice in the last two days, and all it says is to "click link below".

    No link.

    Hope this isn't an indication of how things will run now with new ownership

    (Or maybe I just don't have a new enough version of the software to qualify?)

    Still struggling with whether to give them $500 or $1400 more to keep going...

  9. #9
    Join Date
    May 2011
    Location
    ny
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    Default

    Well I hope it works for them my last real job turned into an employee owned company the owner kept 49% got a huge tax break and slowly ran it into the ground then sold his share to investment bankers that bankrupted it. I was lucky enough to see the righting on the wall 5 years previous so I quit cashed in on my stock before they tanked. They had 5 years to pay me I got burned on two. Employees that put in to the end got nothing.

  10. #10
    Join Date
    Apr 2013
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    Kennebunkport, Maine
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    Default

    Jeff,
    Still works after I log into Portal even though already downloaded and installed.
    Think I've seen your portal page, and you're VCP8.5** ?
    Maybe someone else with 8.5 can say if they got theirs?
    Possibly try a different browser(?).
    Didn't mean to start a firestorm...personally very happy with Vectric so far for my needs...also glad that there's one more rung in the ladder if I ever decide to give up 3 months of groceries
    scott
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    Last edited by scottp55; 11-30-2019 at 10:54 AM.
    Scott Plaisted
    2013 Desktop/spindle/VCP 9
    Maine

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