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Linus Sebastion Turned Down $100M Offer

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nctnico:

--- Quote from: mendip_discovery on May 28, 2023, 12:54:50 pm ---Linus spent years building up his following. Selling out is good for the money but mentally not good for him as he watches someone else take the brand off in another direction with the faithful followers messagung him in thier complaints etc etc.

--- End quote ---
That is called 'empty nest syndrome'. But nothing would stop him from starting something new. Every parent knows that at some point they'll have to let their kids go and live their own lives.

PlainName:

--- Quote from: EEVblog on May 27, 2023, 10:53:06 am ---Why would a company buy it and still give him a 40% stake in the company? Sure you might buy the controlling share, but usually you'd want to buy it all.

--- End quote ---

I think you answered that yourself in your very next post:


--- Quote ---There would be some deal to keep him contracted on as talent for at least a few years.
--- End quote ---

Make his remuneration dependent on the company future.

nctnico:

--- Quote from: PlainName on May 28, 2023, 07:02:03 pm ---
--- Quote from: EEVblog on May 27, 2023, 10:53:06 am ---Why would a company buy it and still give him a 40% stake in the company? Sure you might buy the controlling share, but usually you'd want to buy it all.

--- End quote ---

I think you answered that yourself in your very next post:


--- Quote ---There would be some deal to keep him contracted on as talent for at least a few years.
--- End quote ---

Make his remuneration dependent on the company future.

--- End quote ---
IMHO wrong on both accounts. Paying in equity is like printing your own money. Say your company is worth 1 billion at this moment. 40 million in equity is 4% of the shares you can use to pay a takeover without needing any cash.

coppice:

--- Quote from: EEVblog on May 27, 2023, 10:53:06 am ---Why would a company buy it and still give him a 40% stake in the company? Sure you might buy the controlling share, but usually you'd want to buy it all.

--- End quote ---
Its quite common in takeovers of startups to keep the founders very committed to remaining and ensuring a solid future for the business. However, its so common that within months they are driving out those same founders that this is most people's expectation these days.

hans:
I must admit to Linus. Those (the offer and CEO swap) seem  like 2 excellent decisions.

I don't think rich people hardly keep 'much'  cash on hand, or companies that make huge profits, as those are typically very highly taxed. They try to find investment vehicles to put it in. Real estate, rare metals, stocks, investments in startups, etc. I'm not going to name controversial stuff as I think any investment carries some kind of risk.

I can understand how his ADD "superpower" (as he describes himself), also creates his own worst enemy when it comes to admin stuff. He likes to play with tech and bring that story. He gets bored quick so that keeps his adventures refreshing, instead of producing the 10th video on the same shit topic. He packages it well in a sensationalized YT channel. They have experimented with other hosts, but that often didn't work unless it showed the same kind of jankeyness (like all the cringy cooling and server stuff they do). So that seems do them well.

Now I do think that they will face some serious challenges in the years to come though. I've been following the channel since start, and now I mostly watch them for entertainment. But some of their "entertainment" with the overly sexist jokes is getting unbearable to watch. Most of his review videos are clickbait, by including many sarcastic jokes without a punchline, and where I feel they are forcing divergent headlines and/or conclusions to stay interesting from the otherwise saturated YT tech industry (where other channels do actual proper reviews). Ugh. I miss the more genuine vibe from the old days. I hope that giving him more time to focus how to deliver their message will result in improvements, but I also fear (judging by some of his WAN shows) that he is getting somewhat detached from reality due to being (hyper)focussed on running a company and a successful YT channel. I think his last 2 GPU videos from this week combined with response to critics ([urging to] shadowbanning) has not gone down well.

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