hahnarama wrote:
Some things to consider
- in 2004 a 4 day pass cost $75 ? , now it's $100.
- Events use to be $1 now $2
- GenCon should have NO DEBT since declaring bankruptcy
- There is a LOT of extra ca$h rolling in.
- A successful business will always invest in infrastructure or tech improvements.
- Scanners? How many folks own an iPhone or Android? a small app that uses a QR Scanner should do the job.
1. Accounting for inflation, $75 in 2004 is $98.25 in 2017 dollars, so that's right on point. (http://www.saving.org/inflation/inflation.php?amount=75)
2. $1 inflates to less (a lot less), but it's hard to make generic tickets weird amounts. They went up to $1.50, then up to $2. That, actually seems reasonable.
3. Bankruptcy does not clear all debt, and even if it did GenCon has been operating for 9 years since then. Debt accrues yearly, hopefully they are making enough to pay off their debt. I would assume they are.
4. Is there a lot of extra cash? the con has grown tremendously -- with that growth comes increased revenue, yes, but also increased cost. I'm sure there is *more* cash, I don't know that it's as big as you would assume. But, it's not a publicly traded company so we have no way of knowing.
5. True! And they have been, every year they are working on and changing the way things operate. Do I wish they would focus on other things? Yes, but that's because it would be more convenient for *me*, not necessarily the best use of their resources.
6. I personally know some GM's who do not own smartphones or tablets. requiring attendees, or even only GM's to own a smartphone is extremely limiting when you rely on volunteer run events. Providing a scanner/smartphone for every event would be very expensive not just to purchase, but also store.