Liftopia in trouble

[Benny Profane]

https://snowbrains.com/liftopia-faci...lterra-aspen1/

I'm guessing that somebody will buy that service.

[uglymoney]

It is why the whole Mountain Collective thing went off line for a while right? Not surprise.

What is the ownership of MC as it relates to Liftopia as of now?

All of it is so opaque.

[Toadman]

Can't they just go public, and issue a billion in stock? I mean someone at Liftopia needs to talk with the lawyers at HTZ.

[bobz]

I can't imagine this won't be back in some kind of form. Resorts wouldn't offer discounts through third parties if their sales & marketing didn't think it was useful for them to do that.

[Core Shot]

Is Gonzo there?

[Danno]

Wasn't liftopia started by a mag?

[Brownski]

Seems like was founded by two guys named Ron Schneiderman and Evan Reece. Are they Mags?
https://www.bostonglobe.com/sports/2...TSJ/story.html

[wordbird]

Can't they just go public, and issue a billion in stock? I mean someone at Liftopia needs to talk with the lawyers at HTZ.

Maybe send a couple DM's to Dave Portnoy on twitter to find a few extra bag holders.

[bobz]

I wonder what happened. I mean, sure, business went to zero mid-March, but in a normal year biz would have been winding down quite a bit by then anyway. And I have to assume it was a lean operation, its software infra having been mostly developed years ago. Plus, this is the kind of business that makes a cut off of every (fully automated) sale; there's no reason for them to sell anything at a loss, and they're well past the point where they were sticking their neck out for an uncertain future revenue model. Maybe the Covid tripped up their cash flow in ways that they hadn't anticipated?

[m2711c]

[Tri-Ungulate]

Wasn't liftopia started by a mag?

Yeah, can't remember Evan's username, but I remember buying a teleboard offa him from Gear Swap. Good guy, I had a beer with him when he was in town. It's a shame things crashed for them, definitely a casualty of the covfefe virus, although that was prolly the last straw after Alterra basically ate their lunch. I really do believe that without the Liftopia and the Mountain Collective, we wouldn't have Epic or Ikon today.

[abraham]

Yeah, can't remember Evan's username, but I remember buying a teleboard offa him from Gear Swap. Good guy, I had a beer with him when he was in town. It's a shame things crashed for them, definitely a casualty of the covfefe virus, although that was prolly the last straw after Alterra basically ate their lunch. I really do believe that without the Liftopia and the Mountain Collective, we wouldn't have Epic or Ikon today.

CS got it. Gonzo
edit: ignore me. I think dunfree's right

[dunfree]

Evmo was an affiliated mag, iirc

[fastfred]

looks like they were living the good life my kind of people
jet setting around, lavish dinners, new skis, nice cars, big expensive house
just forgot to pay the bills
https://www.aspentimes.com/news/aspe...in-collective/

[powdork]

looks like they were living the good life my kind of people
jet setting around, lavish dinners, new skis, nice cars, big expensive house
just forgot to pay the bills
https://www.aspentimes.com/news/aspe...in-collective/

i'm not sure how you got that from the article

[fastfred]

i'm not sure how you got that from the article

millions of dollars are missing?
went somewhere?

[phatty]

Interesting to see how the Mountain Collective is separated from Liftopia and managed by Aspen. At least that gives me hope it will be around for awhile.

[powdork]

millions of dollars are missing?
went somewhere?

missing? the millions their business model was due to produce through the end of the year could also be what's missing.

[googledidoo]

The liftopia website seems to be running. You can order giftcards for those daring enough to trust they'll still be usable.

[Core Shot]

Well, maybe gonzo can dust off his router and do some manly woodworking instead.

[splat]

Gonzo came to visit me on his way to law school in San Francisco. He introduced me to Evan via email and I was invited to the opening party for Liftopia but didn't go. They've done very well. I guess someone did the programming and it almost seemed self-maintaining. I hope everything works out for them. These are trying times for most everybody everywhere.

[Vt-Freeheel]

Update shows some independents fucked over as well. I never knew they provided the online ticket platforms for so many resorts. Looks like a good opportunity for someone to step into.

https://skiing.substack.com/p/liftop...gic-plattekill

[m2711c]

Looks like the moneys already gone... “Capital partners“ are needed in order to fund the payback. https://coloradosun.com/2020/07/23/r...basin-alterra/

[AirheadD8]

Looks like the moneys already gone... “Capital partners“ are needed in order to fund the payback. https://coloradosun.com/2020/07/23/r...basin-alterra/

"to pay back those partners and warned that revenue from season passes his company sold for the 2020-21 ski season was locked away by a third-party payment processor"Yea right ....Like in a "Lock box " to use a phrase from the past .

[splat]

Even better -

In his motion to dismiss the petition filed earlier this month, Reece argues that the ski areas were off in their claims by $86,000. If there is a dispute to any amount, the claims can be disqualified, the Liftopia attorneys argued.