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Also, let's be real, he'll probably get even bigger offers in the future.
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May 19, 2023 04:20
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Sydney Bottocks posted:We shouldn't forget that it has to be one hell of a good feeling to have a company successful enough that not only can you step away from running it, and turn down a large offer to buy it out, but also to be able to hire your old boss to run it for you. Yeah, he got an advanced personal assistant basically.
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May 19, 2023 04:22
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Dr. Video Games 0031 posted:Also, let's be real, he'll probably get even bigger offers in the future. It’s this. His subscriber count continues to grow and he is investing heavily into his company with the testing lab. $100,000,000 may seem like a small offer in a few years.
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May 19, 2023 04:23
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When Spotify decides it wants to compete with YouTube they’ll give him an offer that makes the JRE deal look like peanuts.
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May 19, 2023 04:56
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Dr. Video Games 0031 posted:Also, let's be real, he'll probably get even bigger offers in the future. That is what the stock is for and you are also taking the bet that no one else is taking, that personal tech isn't rapidly accelerating to a commodity. Take the money and run, diversify your portfolio, if you are right, if you are smart, you have more money than you know what to do with in multigenerational wealth, if you are wrong, you still have a still have a significant financial stake in the company.
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May 19, 2023 05:23
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I guess there wasn't any confirmation on who made that offer, curious if it was some old media player like Conde nast or someone else..
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May 19, 2023 05:26
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I can't believe Linus was able to hire Tracer Tong. I thought he was living off the grid in Hong Kong.
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May 19, 2023 06:08
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100 million is an absolutely insane amount. I don't think I would have the willpower to refuse that but props to Linus.
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May 19, 2023 08:20
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It's a lot easier to turn down 100 million if you already have several millions and a pipeline to several more. That was his point when he said he couldn't get a bigger house or a faster car.
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May 19, 2023 08:25
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CEO and direct manager to the only two shareholders and directors of the company... If he manages to make it work I'm sure he could retire to a tenured position at Wharton.
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May 19, 2023 09:34
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priznat posted:NCIX declared bankruptcy abruptly as I had an order in flight and I had to do my first ever charge back. Apparently the books were being completely fabricated and it was just rife with the CEO's relatives pillaging the place. NCIX in Markham still remains the only store where my credit card company called me immediately after buying something to ask if that was a legit purchase or if my CC was stolen.
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May 19, 2023 10:53
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What was the story about the kid that bought the NCIX award and was so harassed by LTT fans he killed himself or something?
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May 19, 2023 11:29
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I would blow Dane Cook posted:What was the story about the kid that bought the NCIX award and was so harassed by LTT fans he killed himself or something? https://www.reddit.com/r/LinusTechTips/comments/t1e1if/you_destroyed_my_life/
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May 19, 2023 11:56
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What in the god drat
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May 19, 2023 13:05
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NCIX was horrible in 2012 and before that. It was neat in the early aughts as the competition was a dumpsterbin. What was that other company? Tiger something? Everything else was just local shops and you hoped for the best.
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May 19, 2023 13:58
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tigerdirect
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May 19, 2023 14:02
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Holy loving poo poo
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May 19, 2023 14:23
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power crystals posted:Doing something because you like it rather than selling out should be applauded. No, In this instance, it’s ridiculously stupid. Nothing Linus does contributes anything to society. He should have taken the money. It could be bullshit too “look how popular we are, etc” Nitr0 fucked around with this message at 14:50 on May 19, 2023 |
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May 19, 2023 14:48
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Vintersorg posted:NCIX was horrible in 2012 and before that. It was neat in the early aughts as the competition was a dumpsterbin. What was that other company? Tiger something? Everything else was just local shops and you hoped for the best. In Vancouver the main vendor in the PC space (although there were a lot of small PC component stores) was ATIC. It was a worse shopping experience than NCIX in every way to the point where people I know witnessed a fistfight between staff and a customer over a repair service disagreement. Then NCiX got big and introduced a decent Web store front end and a few locations around where you could pickup stuff with minimum hassle (still was kind of a sucky time though ensuring they didn't muck it up) Weirdly ATIC still exists even after NCIX's implosion.
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May 19, 2023 14:56
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CBD Corndog posted:NCIX in Markham still remains the only store where my credit card company called me immediately after buying something to ask if that was a legit purchase or if my CC was stolen. Mine does that every time I buy a game from GoG
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May 19, 2023 15:00
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Nitr0 posted:No, In this instance, it’s ridiculously stupid. Also, and hear me out here, he might have not gotten a 100 mill offer and is just saying that for ~the content~ because thats what makes him his actual millions which are some number of millions below 100
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May 19, 2023 15:17
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Beve Stuscemi posted:Also, and hear me out here, he might have not gotten a 100 mill offer and is just saying that for ~the content~ because thats what makes him his actual millions which are some number of millions below 100 Truth. Maybe some of the other channels see the dollar signs or it's some kind of humblebrag. I find it hard to believe that anything is worth 100mil at LTT but what do I know. I'm not a popular youtube celeb.
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May 19, 2023 15:44
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I can very easily believe he got an offer for 100 mil because it's probably cheaper in the long run for a larger corporation to just buy an already-established media production company than it is to set one up, and that's even before you take into account things like "brand name recognition" and "already established fanbase", which aren't things you can just instantly create out of thin air. Just because some people ITT think Linus is a goober (and he definitely can be a goober, to be fair), doesn't mean his company is completely worthless.
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May 19, 2023 15:51
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I dont think LTT is worthless, but I also know how youtube works and drumming up stuff for views is like 70% of the youtube game
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May 19, 2023 15:57
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Nitr0 posted:Nothing Linus does contributes anything to society. He should have taken the money. He entertains some ridiculous number of people, which is not nothing. He's also managed to build a business where it seems the majority of people who work there actually like their job, which is fairly rare in this capitalist hellworld. He's hardly some kind of selfless pillar of the community who rescues stray animals in his spare time (... though having written that out, he did supposedly rescue and adopt a couple cats during the construction of his house) but it's not nothing. Had he sold it would have been very likely that LMG would have been gradually ground into paste to serve whichever company bought it which would materially negatively affect the people working there. Now if you want to argue if he could have done something of greater societal value with the buyout money, okay, maybe, but that's sort of impossible to prove either way so what's the point. But he didn't get offered $100M just for existing.
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May 19, 2023 16:01
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Beve Stuscemi posted:I dont think LTT is worthless, but I also know how youtube works and drumming up stuff for views is like 70% of the youtube game Well of course, but I would think that--if I was a large corporate entity looking to get into the YT tech pool that could afford to drop 60 million in cash up front--it'd be an order of magnitude easier to do so with an already-established team, infrastructure, and userbase.
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May 19, 2023 16:02
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Lets be honest, people who sell their "small business" for 100M arent going to turn around and donate it to ending homelessness or buying schoolkids lunch most of the time
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May 19, 2023 16:12
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priznat posted:In Vancouver the main vendor in the PC space (although there were a lot of small PC component stores) was ATIC. It was a worse shopping experience than NCIX in every way to the point where people I know witnessed a fistfight between staff and a customer over a repair service disagreement. Then NCiX got big and introduced a decent Web store front end and a few locations around where you could pickup stuff with minimum hassle (still was kind of a sucky time though ensuring they didn't muck it up) The two big ones I shopped at back in the day in Winnipeg were Computer Avenue and then down the road a SEPERATE company called Computer Boulevard which are both now gone. Avenue was just a small, basic store but had good stock. Boulevard was bigger and then got closed down for smuggling or something I heard.  Shady poo poo.Thank god for Memory Express coming in.Before all that was just whatever small store - I used to go to a place called Coreys Computers - got my first CD writer there- $200 - my mom was flabbergasted! E: gently caress, it's still around! https://www.coreyscomputing.com/
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May 19, 2023 17:59
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I think this is a net positive decision. I don't think Linus is cut out for CEO work and he has stated many times about his mental health declining as a result of the growth of LMG. Him (and maybe Yvonne?) are workaholics so the idea of getting a 100 mil and retiring early on a beach somewhere doesn't sound like something he'd do. I don't think he can sit still and just relax like that for too long. Sounds like he just wants to make videos and stay on the creative tech side of things, stick with what you're good at. Maybe the foresight to get a CEO came a bit too late, but it's good he's doing it now. I also don't see how you can value LMG at a 100 mil without Linus there, the guy IS the brand. Would it even survive on the shoulders of Jake, Riley, Anthony, etc? I don't think so.
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May 19, 2023 18:01
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Vintersorg posted:The two big ones I shopped at back in the day in Winnipeg were Computer Avenue and then down the road a SEPERATE company called Computer Boulevard which are both now gone. Avenue was just a small, basic store but had good stock. Boulevard was bigger and then got closed down for smuggling or something I heard. Yeah.. I remember computer avenue would print their flyer like a chinese food menu. Then CB ate their lunch with respect to product/pricing but they went down in a shady ball of flames very similar to NCIX. The computer boulevard sign is still up along st james for some reason (lazy landlord?). I remember speccing out a system at computer boulevard and the sales guy was so excited about the overclocking potential of the parts NCIX I first ordered from because they were selling a LITERAL HALF GIGABYTE of memory for a ludicrously low price, I enjoyed ordering from them while they were still alive. Their price matching I don't think has been beat since then.
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May 19, 2023 18:31
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Weaponized Autism posted:I think this is a net positive decision. I don't think Linus is cut out for CEO work and he has stated many times about his mental health declining as a result of the growth of LMG. Him (and maybe Yvonne?) are workaholics so the idea of getting a 100 mil and retiring early on a beach somewhere doesn't sound like something he'd do. I don't think he can sit still and just relax like that for too long. Sounds like he just wants to make videos and stay on the creative tech side of things, stick with what you're good at. Maybe the foresight to get a CEO came a bit too late, but it's good he's doing it now. I also don't see how you can value LMG at a 100 mil without Linus there, the guy IS the brand. Would it even survive on the shoulders of Jake, Riley, Anthony, etc? I don't think so. I think Luke even said as much in the WAN Show where they talked about the buyout offer; he said when Linus was away on vacations, he'd send Luke texts grumbling about how restless/bored he was and how he couldn't wait to get back to work.
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May 19, 2023 19:17
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I ordered a few things from NCIX back in the day but at least in Ontario they were mostly good for taking advantage of Canada Computers price matching policy at the time. Basically any online NCIX deal you could just walk into a Canada Computers and they'd honour it and not have to deal with NCIX shipping and whatnot. When NCIX went under, CC changed their policy to "Only match if the other place has a physical storefront in the same town" or some bullshit so as to not have to match Amazon deals.
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May 19, 2023 19:30
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Christ alive, what in the world is wrong with people
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May 19, 2023 20:21
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I don't understand how Canada Computers have such large stores. The one in Port Coquitlam seems massive after being used to the NCIX model of a small showroom with storage room in the back for order pickup.
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May 19, 2023 20:23
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buglord posted:Christ alive, what in the world is wrong with people A lot, who the hell harasses a kid to suicide just because he buys some random junk at auction, even gives Linus a fair chance to buy it from him who then declines drat..
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May 19, 2023 20:51
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priznat posted:I don't understand how Canada Computers have such large stores. The one in Port Coquitlam seems massive after being used to the NCIX model of a small showroom with storage room in the back for order pickup. There's one in North York in a former Zellers/Target/Lowes mall location and it's absolutely gigantic. They can't even use all the floor space they have, not even counting the blocked-off escalator to an unused second floor with presumably the same footprint. The downtown/midtown Toronto stores, though, are barely larger than my 1BR apartment.
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May 19, 2023 23:20
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well why not posted:It's a lot easier to turn down 100 million if you already have several millions and a pipeline to several more. That was his point when he said he couldn't get a bigger house or a faster car. Yeah that's true. Also, Linus doesn't strike me as someone who has many friends, hobbies or interests outside LMG. Giving it all up for a large sum of money is a big ask.
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May 20, 2023 03:27
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It also appears to be his entire identity. If you were already very wealthy, would you want to sell who you are as a person for some more money?
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May 20, 2023 03:32
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Tuxedo Gin posted:It also appears to be his entire identity. If you were already very wealthy, would you want to sell who you are as a person for some more money? In this day and age of insanely rich people hoarding wealth solely to Make Number Go Up, I agree that Linus should be lauded for deciding not to go this route and to try and continue to build the company he founded.
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May 20, 2023 03:44
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That was way too depressing to read before bed, god drat.
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May 20, 2023 04:06
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