General > General Technical Chat

Linus Sebastion Turned Down $100M Offer

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tom66:

--- Quote from: Ice-Tea on August 19, 2023, 07:49:53 pm ---
--- Quote from: Veteran68 on August 19, 2023, 03:38:02 pm ---I wonder after all this if Linus is rethinking that $100M offer...

--- End quote ---

Most likely, the 100M$ would include a clause that would keep him at LTT for x (or xx) years after the purchase. Probably wouldn't have helped him much.

--- End quote ---

Also likely came with some kind of phased payout, e.g. $20M per year or requiring Linus to maintain an equity share in the parent company for some time.

John B:
Not to mention the purchasing company would probably have some clause about pre-existing issues that would affect the value of the company.

.RC.:
If your business model is stagnation, I would have sold out. 

Que the Danny Devito, Other People's Money speech.

Psi:
LTT will almost definitely come out of this fine and probably get higher offers than 100M in 10 years.
At least that is my guess.

It's just a once in 5-10 year f-up that every company goes through from time to time.

I think a short break/re-think was necessary though, they need to address issues and start doing things with structure/oversite that better matches with the size company they have become.
The bigger you get as a company the more man-hours it takes to get the same work done. Just a byproduct of the additional time overhead that comes with having more and more people required to produce more and more complicated things. Extra meetings etc..

Companies that grow bigger but keep trying to function the same way they did as a small company is a common issue in business.

EEVblog:

--- Quote from: Psi on August 19, 2023, 11:56:57 am ---I think they are very optimistic at taking a week break to fix/address all company procedures and systems.
2 months maybe, but not a week. Maybe a week just to build a good list of things to fix.

--- End quote ---

2 months is suicide.
They should not have even stopped IMO.
What's done it done, it's not like they are going to win any of the haters back.
It's not rocket science to just technically check videos more thoroughly now. They have 100+ staff, they could afford to devote one or two people full time to QA'ing content so to speak.
And not just at the end process before release, but have them walk around and check in on current videos being produced to make sure they aren't skimping.

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