Pete Ippel Attains One Million Dollar Valuation and Files Registration Statement with the SEC for an Initial Portfolio Offering

VENTURA, Calif. – April 01, 2010 -After numerous talks with financial advisers, Pete Ippel has opted for an Initial Portfolio Offering.

Ippel announced today that he has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of his Class A common art. A portion of the art will be issued and sold by Ippel, and a portion will be sold by certain stockholders in Ippel.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

Pete Ippel Million Dollar IPO

Pete Ippel Million Dollar IPO

The Experience Economy

There are three main basics in economies of the past, let’s say 70 years ago (these are estimates scrawled on the back of an envelope paraphrased from The Experience Economy).

1. Commodity (3%)
2. Goods (17%)
3. Services (80%)

Now there is a fourth.

4. Experience

Here’s how it plays out with Starbucks (again estimated on the back of an envelope).

1. Commodity – bean (pennies)
2. Goods – coffee ($.05 – $.20)
3. Services – paying employees ($.50 – $1.00)
4. Experience – sitting and reading, listening to music, comfy chair ($2.00 – $5.00)

Something to ponder the next time you sit down to the Venti double non-fat-soy-latte. Also are people buying art because they want to talk to the artist? This is what Damien Hirst is banking on.

Check out the book Experience Economy, or wikipedia