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Xyla Foxlin Lab Eviction

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EEVblog:

--- Quote from: SiliconWizard on February 08, 2024, 12:44:08 am ---Having a random idea here, for people that are "content creators" and already resort to "donations" (such as patreon and the like) for part of their income, some similar services but where people would lend money to a content creator instead of simply give it away, to allow them to invest in their activity (equipment, lab space, etc.), with a chance for the contributors to get their money back at some point - either with no interest, or a very small one. Possibly many more people would be willing to contribute this way. Just an idea. I think this kind of stuff already exists, but it seems to be niche at best, maybe would be worth developing it. Crowd loans.
--- End quote ---

I think this may have been discussed before in regards to Fran. Maybe she even mentioned it at some point?
Something like StartEngine that gives equity share perhaps, but that gets legally really messy real fast. You'd have to set up a corporation dedicated to it, all the legals docs behind the funding, and the convince people to be equity holders, but to also hope they don't try and control you. i.e. "I'm a shareholder, make XYZ video" etc.
Not impossible, but I can imagine very messy.
I'm not sure any creator has attempted that before?

I've always been of the opinion that it's likley Fran has an avenue to restructure as a corporation of non-profit and then get a loan that way. But I don't know the local laws.

IanB:

--- Quote from: SiliconWizard on February 08, 2024, 12:44:08 am ---Having a random idea here, for people that are "content creators" and already resort to "donations" (such as patreon and the like) for part of their income, some similar services but where people would lend money to a content creator instead of simply give it away, to allow them to invest in their activity (equipment, lab space, etc.), with a chance for the contributors to get their money back at some point - either with no interest, or a very small one. Possibly many more people would be willing to contribute this way. Just an idea. I think this kind of stuff already exists, but it seems to be niche at best, maybe would be worth developing it. Crowd loans.

--- End quote ---

I think being a "content creator" is to be in the entertainment business, and there is a very limited space for success in the entertainment world. Unless you happen to luck out and be an Emma Watson or a Daniel Radcliffe, then income is going to be uncertain and irregular.

My experience of YouTube channels is that they don't hold my interest forever. After a few months watching one channel my interest wanes and I look for other new channels to watch. Therefore I think being a YouTube content creator is best treated as a side hustle rather than a main job.

EEVblog:

--- Quote from: IanB on February 08, 2024, 01:34:59 am ---I think being a "content creator" is to be in the entertainment business, and there is a very limited space for success in the entertainment world. Unless you happen to luck out and be an Emma Watson or a Daniel Radcliffe, then income is going to be uncertain and irregular.

--- End quote ---

There is a famous theory "1000 True Fans", where the idea is that you only need 1000 "true fans" who will subscribe/consume/buy anything you produce and you can live forever on that provided you put in the work.

https://kk.org/thetechnium/1000-true-fans/
https://davekarpf.substack.com/p/the-hollow-core-of-kevin-kellys-thousand#:~:text=All%20you%20need%20to%20do,direct%20relationship%E2%80%9D%20with%20your%20fans.


--- Quote ---The Cliff’s Notes version of Thousand True Fans goes something like this:
Thanks to the Internet, there has never been a better time to be a creator/writer/musician/artist.
All you need to do is find and cultivate a thousand true fans. A “true fan” is someone who will spend $100/year supporting your work (That’s like $8.25/month). With a thousand of them, you would be making $100K per year doing what you love!
This is premised on developing a “direct relationship” with your fans. They pay you directly, with no music labels, publishers, studios, retailers, etc taking a cut. The web means we don’t need these old intermediaries anymore.
And these fans can find you without those old institutional intermediaries, thanks to the “Long Tail” effect (as defined by another major WIRED figure, Chris Anderson).
So you don’t have to aim for a million fans in order to succeed. It isn’t stardom-or-bust. That’s too high of a bar to aim for. A thousand true fans won’t make you rich and famous, but it’s a realistic way to make a living doing what you love.
--- End quote ---



It's absolutely true. Or true enough that you can pretty much bank on it.

Smokey:

--- Quote from: IanB on February 08, 2024, 01:34:59 am ---
--- Quote from: SiliconWizard on February 08, 2024, 12:44:08 am ---Having a random idea here, for people that are "content creators" and already resort to "donations" (such as patreon and the like) for part of their income, some similar services but where people would lend money to a content creator instead of simply give it away, to allow them to invest in their activity (equipment, lab space, etc.), with a chance for the contributors to get their money back at some point - either with no interest, or a very small one. Possibly many more people would be willing to contribute this way. Just an idea. I think this kind of stuff already exists, but it seems to be niche at best, maybe would be worth developing it. Crowd loans.

--- End quote ---

I think being a "content creator" is to be in the entertainment business, and there is a very limited space for success in the entertainment world. Unless you happen to luck out and be an Emma Watson or a Daniel Radcliffe, then income is going to be uncertain and irregular.

My experience of YouTube channels is that they don't hold my interest forever. After a few months watching one channel my interest wanes and I look for other new channels to watch. Therefore I think being a YouTube content creator is best treated as a side hustle rather than a main job.

--- End quote ---

... Sort of like when people complain they can't make a comfortable living just being a grubhub driver.... I don't think that was ever the idea...

EEVblog:

--- Quote from: IanB on February 08, 2024, 01:34:59 am ---Therefore I think being a YouTube content creator is best treated as a side hustle rather than a main job.
--- End quote ---

10's of thousands (maybe 100's of thousands?) of full time Youtubers might disagree.
Mr Beast just posted that Youtube paid out $80B in adsense revenue to creators in the last three years.
https://twitter.com/MrBeast/status/1755059255760343191

I calculated that I got 0.000199261% of that, and I'm the 78,414th ranked channel in the world in views.
Views are fairly consistent to a first approximation, with people leaving being replaced by new viewers.

I get your point, and I say that myself, but you can make it work. I've been a full time Youtuber for 13 years come April.

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