Thursday, June 11, 2015

GoPro versus Soloshot: Competition or Complimentary?

Many people are familiar with GoPro, maker of the high def extreme action video recorders, that can be attached to a helmet, bike, skateboard, or just about anything, and can capture the viewpoint of the action sports participant.

The company has had a volatile stock since it went public last year, trading for less that 40 and above 90 over the last 12 months.

GoPro is even becoming a media company. It has its own television channel on Virgin America Airlines.

But there is another company in the action sports camera business, Soloshot.

Soloshot's camera's will track you as you are moving (surfing, biking, skateboarding, skiing, water skiing, etc.) by following a tag device that you have attached to you, such as on an armband. The cameras are referred to as a robot cameraman.

Soloshot was founded about ten years ago by Chris Boyle, who developed the idea as a way for surfers to film themselves.

So are Soloshot and GoPro competitors? Do you think they compliment each other? What do you think?