If you know anything about business, you know full disclosure is always necessary. Numbers matter and if someone pitches 2 separate ideas and doesn't use the same formula to base a foundation or conclusion on both sides then the whole structure is fraudulent.
@@TheExperienceYT benefit of the doubt, people are told to fear mistakes, sometimes it seems better to lie to make you seem like you didn’t make a mistake
Just slide it into the terms of service right next to everyone agreeing to be tracked and monitored with everything they do, every site and app they use and every GPS location they ever go, instead---- they'll never find it there.
Im a huge nerd and disrupt fan, and this is disheartening to say the least. However, when he made that first video about selling his channel it struck me as odd immediately but I didn't know why. Thank you Coffee, your hard work in exposing bad financial scams and such is valuable and you are appreciated. I hope you know that.
Same here on all accounts.. disrupt truly is a gem and there's simply nothing else like it. The production value is amazing and unique. The research is always on par... I really hope, and this is a huge stretch, but I hope this is just some sort of elaborate social experiment and he doesn't actually recieve any money? Idk because this is just so odd....seems very out of character. And wouldn't any average person be at least suspicious enough to shy away? Seems like a fast way to totally kill your channel :/ I don't understand that. Doubly agree with you on coffeezilla as well. Totally on point.
yeah it gave me cryptoland vibes, but i ignored that because, it's Disrupt! why would i question him? good thing i never bought in, knew something was fishy
Fr! Glad coffezilla did decide to make a video TO CLARIFY HIS OPINIONS AND ENLIGHTEN US about this and open eyes about the other rather scummy intentions on this project, not like the blinded disrupt fan in the “I’m selling this channel” video’s comments.
Just FYI to anyone who hasn't watched the Disrupt channel lately - this guy has been let go due to what he did, and his co-founder and the Disrupt team continued without him.
I absolutely love Disrupt and their content. It really sucks to see that they’re going down this path, it’s super ironic considering most of their videos are on scams and hacks :/
Yep, I've unsubbed now, I saw the comments on the original video and was like whatever, I'll let that settle and come back to the content, but now I've seen this video I want nothing to do with it.
The weird thing is that if he went to his fanbase and told the TRUTH...I am sure fans would band together to help the guy out. There is/was no need to lie...weird society we live in..either people fear to tell the truth or we are taught that no one tells the truth unless they have too.
@@wrathcyber i agree with you and would like add to the original post, people are afraid of failure. When i was young man (i'm 54) I was always told that if i wanted to grow/become smarter/do better then i was going to have to fail. I wasn't until i was out of high school that i found out that apparently my family was the "odd man out". Their is nothing wrong with failing. The problem is when you don't fix/learn from that mistake but that isn't what people are being told. You have to win, no matter the cost. That attitude has gotten us where we are. (well not counting the laziness issue when it comes to taking the time to learn things)
as someone who adored Disrupt's content, the unique editing, everything, I was genuinely disappointed and confused when I saw that video. I could smell it was a scam from a mile away, and realizing a genuinely awesome channel fell down such a trashy path was really... unfortunate.
And the thing is there is no studio. They are a group of animators and creators across the world working together so there's no "studio" and he even says in his video that because there is no studio they are able to create content cheaper than say a big media company.
$100 = 23 shares. Totally, they have 2 500 000 shares. 250 000 shares are ready to be sold on wefounder. Goal is at $500 000 but he will take up to $1.07M. I am deep in the story since first Jak's video about it, so I am pretty sure I am correct here.
I haven't dived deep into this story but as another commentor said, that's not necessarily the calculation. From what I saw here they *need* to raise $500,000 but are open to raising more. Therefore, 10% isn't necessarily $500,000. It's still a ridiculous valuation but that part isn't necessarily fraudulent.
If he was a RUclipsr I really liked, and he simply said “I’m in a lot of dept, so if you want you can donate here”, I might’ve donated, but here I would’ve probably lost all respect by now
true. being upfront online really works (oftentimes esp. if you have dedicated fanbase already). jack acted as if it was the corporate world where lying is the best policy
and his reason was a very good one: "I bought half the channel and I'm struggling to meet payment dealdines due to high costs. Its either fire people or get help."
He really should've done that. That whole scheme of trying to convince people without showing the full truth completely fucked him. Look at his channel now, it's fucking dead.
While that would be ideal, often RUclipsrs fan bases are extremely cruel or narcissistic. They completely ignore or even make fun of any sort of bad thing that happens to a RUclipsr but if something good happens they treat it as if they did all the hard work. I can see why he doesn’t want to open a Patreon, I think he’s just paranoid that no one will pay through patreon.
Just FYI to anyone who hasn't watched the Disrupt channel lately - this guy has been let go due to what he did, and his co-founder and the Disrupt team continued without him. - Reposted. This channel deserves a comeback.
I mean, trust is something you give while knowing you can be betrayed. If you have plans on how to deal with it it's alright, the issue is really about _blind_ trust, which is more common than we often realize. That said, the moment a ytber or other content creator does this I'm jumping ship.
It's always funny seeing RUclipsrs pretend like we have that much invested in their continued operations. I've had dozens of "favorite channels" that stopped making content. The reaction is always "man, that sucks" and then two weeks later I'm watching other content and have completely forgotten.
It's insane that this happened on a perfectly normal, well-respected documentary channel. I'm so used to hearing about this stuff from 'lifestyle influencers' or 'money gurus' who were clearly grifters from day 1. It's sobering to realize that anyone you trust could turn around and start trying to take advantage of you if you don't keep your guard up.
It's such a shame to see such a good channel like Disrupt go down this road. The sad part is, I feel like if he had just come out and been completely honest with fans of the channel and disclosed the part about being 500k in debt, people would have been willing to help.
who the fuck is 500k in personal debt? thats the same as saying "i am suddenly 1300lbs and they had to take out an exterior wall to bring a crane in to lift my fat ass out of the house"
He made a mistake and can still recover from it, I wouldn't say this warrants a full boycott/disconnect from Disrupt but I hope Jak comes to his senses.
I really hope he comes forwards from this and continues to create content. I'm sure that through the channel revenue he will be able to pay off his debt eventually.
This whole Disrupt thing was a sucker punch in the gut. I thought that the guy that makes that type of content would be wise enough to not fall into that debt.
@@unbroken1010 You are missing the point. Debt is fine, the difference is when he made a shitty buisness decision to buy out his partner when he didn't have the money so he decided to try and slide that past his viewers. He isn't selling the company, he is trying to dig himself out of a hole by getting more debters involved
@@unbroken1010 debt is good. Only idiots pay cash. Anyone not carrying debt is either too broke to afford the debt, or new money that thinks "paying cash" makes people think they're rich. (Ball players and rappers mainly.) People who use their own money are suckers.
I get the sentiment, but is that what the phrase means? I thought it meant that the world will turn you into a villain because public trust only lasts so long. Not that you turn yourself into a villain by doing something like this Edit: I am wrong, I just looked up the harvey dent reference and context
The crazy thing is; at least it makes sense in my mind, if he was upfront about being in debt & had a plan on how to use that money to pay off his debts in addition to creating the studio then maybe this wouldn’t look so bad.
Yeah, if he had straight up said “Someone who owned a lot of the channel left, I went into debt buying them out, I need some financial support to ensure the future of the channel” and set up a Patreon or something, he probably could have gotten the money without looking like an arse.
@@maven9323 The only thing I can think of other than that is if Jak and his co-founder had disagreements over the management of the channel so he ended up offering to buy it out fully, but yeah, it's disappointing
I feel like I've watched this episode of Dragon's Den: - insane valuation - insulting equity offer - realizing the owner actually values it less and trying to hoodwink investors - realizing the money won't go to bettering the company but to pay off debts - "I love the product but... I can't invest in you. I'm out!"
This is such a heartbreaking thing to see since I LOVE this man's documentaries. But boy, I gotta accept that creatively amazing people are capable of this
@@ballsmaster6937 I guess in a way it is, if you're a fan of Kanye. I don't think this is as big of a deal and "scam" as its,being played up to being in my opinion tho. I think it's some misunderstanding and maybe a bit misrepresented but I don't believe it's a flat out scheme to become rich. I truly think he didn't represent the situation well and is trying to keep the channel moving forward. Just how I feel about it. I don't believe Disrupt is trying to scam anyone
@@frontporchprojects4181 you can’t broadly or publicly promote securities without a prospectus or an exemption. We know he doesn’t have an exemption because no exemption allows him to offer securities as he’s doing it
nah, the financial document puts him in the clear. that's the catch. and its in the literature. this is why legit investors always read the fine print. not excusing his behavior, just pointing out he has covered his ass legally.
The salient question is "what is Disrupt's annual ad revenue?" I couldn't get to Disrupt's financials, so here's a best-case look at revenue. Fifty videos have been posted since July 20, 2021. These videos got 35 million views (I counted) and averaged 702,000 views per video. Twelve videos got a million or more views. If we assume Disrupt received the top $8-per-1,000 views ad rate (and a much lower rate might have been received) the channel grossed $281,000 over the past 52 weeks. This means Disrupt values itself at 38-times its ad revenue, which is beyond absurd. Sponsorships bring in additional money but couldn't possibly justify the asking price. THIS IS CLEARLY A SCAM.
Just checked social blade, says per month he's earning between €408 - €6.5K and yearly between €4.9K - €78.3K Even without the debt stuff this seems like a scam
I found their content high quality, but really sloppily organized to the point many people watching couldn't follow along easily. This is not a loss to me, but i can see how people appreciated the channel's work
Right? I liked some of their videos but if you ignore the "high quality" aspect of the animations and transitions... a lot of stuff is pretty hectic and piled up, at least imo
There's also been some really stupid mistakes they've made like calling Java and JavaScript the same thing that makes you doubt the quality of the research they've done or how much they actually understand what they're talking about
Dude this is literally one of my favorite channels. I feel like if he was just honest and tried to do a go fund me or something people would have his back. Kinda shitty to sneak it in like that ☹️
He's in debt? Well that explains the seemingly arbitrary deadline he set on reaching the goal to path A or B 😅 I knew something was off when he brought up a self imposed deadline.
At first i forgot who he was, and i saw all these weird videos on his channel, but scrolling down i saw that he did the one week in a simulation video, and i remembered that i loved this guy a few months ago. This is actually sad.
@@PilotMiaoumi They Will Probably Never Get As Many Views As They Did With Jak. He Was The Entire Reason Disrupt Had As Many Views As They Did. Only If He Just Straight Out Said It. “I’m In Debt And I Need Shekels.” 😞
Couldn't imagine "investing" in a RUclips channel. I don't mind donating a small amount depending who it is but if it's an investment I would rather put that money into an actual company that'll be around long term.
There are other folks doing equity crowdfunding with similar terms. It's a lot of scams and coke fueled delusions though. An acquaintance tried to launch his events company through one and gave his company a 500k valuation with no assets, brand recognition, or experience. Like why not just launch a GoFundMe?
@@xxxlilxjayxxx The problem is how is he legally distributing the channel equity to the ppl buying those factional shares? Channels are being sold outright but if you see RUclips's Tos, they never explicitly stated you can buy or sell it. They can take or close down your channel at anytime they want.
The worst part is, this channel was actually pretty solid.. and if it happens to go belly up we lose a set of really great content creators in the process...
He is promising a percent of net profits in a company where he would still be majority shareholder. He decides about costs. So essentially he decides how much money people will get through their dividend. High probability he will inflate his own costs so there is little left to share with his investors.
Stop watching content about shady youtubers then bruh. You're polluting your own head with gossip, and rumors and that is so negative and so gross. Start focusing on yourself more than other people you'll be a lot happier trust me
Honestly, i always loved distrupt. Its those channels that its uniquely amazing from anything around. amazing storytelling, stories easy to indulge in, fun to binge watch, etc... So seeing this exact channel go this absolute wrong path. its absolutely dissapointing. Pretty saddening actually...
The fact that it is via a crowdfunding platform should be a red flag all on its own. When you're talking percentages and shares, I feel like it has to be a lot more organized, a lot more specific & personalized...and Transparent! Where is the paperwork...and lawyers?! When our bank went public on the stock market, they sold shares and my parents bought some...they have so much paperwork, telling them everything they would possibly need to know. What exactly they bought, how much they bought, what they can do with it, etc. I know this is a RUclips channel and not Wall Street, but when you use the same terminology, I expect the same standards.
I was so baited out when I saw that video, glad to see someone cover this and explore the sketch. Disrupt has ups n downs. Their video on Havana Syndrome was terribly researched and has only contributed to the massively misunderstood and misrepresented reality
He could have actually raised that money by selling an online course to his audience. It doesn't have to be shady. Just honest value that will benefit his audience is enough. 1. Research skills 2. Growing a RUclips channel 3. Managing a RUclips team There are lots of online content he could have produced and marketed to his audience to get that money but he didn't. That tells me he's a bad business man all round. He's lucky to have that partner.
It's always best to poop more than you eat so you don't get fat. I poop 2x each meal and also urinate when needed. My motto is eat ass, smoke poop and get laid. Preferably with a non relative 💩👌🤑
When you have 500k in debt you don't have time to spend a year crafting an online course that MIGHT generate some revenue lol. I don't condone what he did but from that statement alone I can tell you're not qualified to criticize anyone's business skills.
Never trust anyone. Disrupt's videos often have holes in their research like the terrible one on Havana Syndrome which lacks any real understanding of the situation.
At current levels it would take over 444 years to recoup any investment ($100 would pay $0.225/year). And your ownership would be further diluted if he raises more funding. That is NOT an investment, it’s a donation. This guy clearly knows nothing about business or finance if he honestly thought this was a good idea to try.
I’m used to seeing RUclips drama videos about channels I’m not subscribed to or ever even heard of before so I honestly had a double take to see something like this on a channel I’m actually subscribed to and enjoy the content of (which is especially ironic considering the content that channel makes)
I unsubbed. His content goes deep into topics that aren't the easiest to research by just anyone. That means as a viewer you're trusting that his research is above board. The trust is the lynch pin, IMHO, and he's just demonstrated his ability to lay out the FACTS is SKETCHY at best.
@@THEBUGSAREBACCCCKKKKKKKKKK I don’t need to “m8”. I wouldn’t ever invest anyway. If you are dumb enough to not see it’s a scam it’s your problem. He’s a obviously a scumbag. It’s been obvious from day one. Why would you believe anything anyone online says? You don’t know him, he could be anyone in real life. The videos are entertaining, but I don’t need my creators to be good people, just to create good content. Everyone needs to do their due diligence about these things, people put too much stock and emotion in their “favourite” creators. Bye now.
I was so surprised to see coffee talk about Disrupt! I honestly love the content and I've went on a binges just watching everything they've made. I just really hope the channel doesn't implode because of this drama.
Can we get a follow up video? They've posted some updates and it seems like Jak has just cut contact with the entire team of Disrupt. So they aren't able to explain why he did what he did. I'm hoping they bounce back and continue making good content free of the influence of people like Jak.
Because google does not pay dividends. Obviously investing in a youtube channel with that bogus of a valuation is a terrible move, but in a more realistic scenario that would be the argument.
Disrupt is a good channel that I've enjoyed a lot, and it was jarring seeing the video pitching this "investment" and even stranger now seeing you cover it. It smelled fishy right away and there were plenty of comments from fans saying the same. It was also disappointing hearing him say the "metaverse" was the future of the "brand".
I loved this channel before all this bs…. Really a shame he decided to go this route instead of a patreon or something :// I also cannot believe he’s already raised that much $$. It’s so obviously a terrible investment.
this is incredibly upsetting, i love(d) the Disrupt channel and i expected Jack to be much more truthful with his pitch. I will continue to watch their content because it is interesting but I will not be investing anything at this moment or possibly ever.
I remember Faze Clan went "Public" recently and their stocks crashed immediately. In the "attention" market, it's the wild wild west, and too many people burn out way too quick.
I don't like the idea of fan ownership because it requires that these channels grow at a very high rate to give the fans a good ROI. This is very hard. Also, fans will most likely be paid last. The ones who came first or gave the most money will get the most money.
There's something really weird I've noticed about disrupts videos, there's always a ton of comments that have nothing to do with the video subject but simply say things like "The production quality of this channel is amazing, I can't believe this is free!" This attempt to "sell" the channel makes me think that a big amount of comments are fake profiles made to try to falsely inflate the channels perception as something more valuable than what it is, something worth buying
Thank you! I had actually already stopped watching their videos cause stuff like that felt off to me as well so I was surprised no one else really noticed this
I had alarms going off when I was watching his video. I couldn’t put my finger on it but something about it just felt fishy. Was the nail in the coffin when I saw your comment on it. Felt my heart sink. Hope there’s enough backlash that Jak course corrects.
It’s extremely overvalued lol, I feel bad they weren’t able to get it self-sufficient EDIT: I’m more referring to the debt load. They effectively did an MBO, but never ran the numbers to actually see if the debt will be serviceable. I’m doing an LBO rn so I assumed he realized the payments are unmanageable and got desperate to fix it
@@Coffeezilla LOL...only Coffeezilla can get more likes on a reply to a comment than the original comment💯😂Hope you have a good one buddy! Love the content! BTW...your channel is worth A LOT MORE than this guys...seriously...you have a $10M studio!
@@Coffeezilla I’m more referring to the debt load. They effectively did an MBO, but never ran the numbers to actually see if the debt will be serviceable. I’m doing an LBO rn so I assumed he realized the payments are unmanageable and got desperate to fix it
@@uydagcusdgfughfgsfggsifg753 yeah but if he defaults, his co-founder is going to get 1% extra in the business (51%), and then things go back to normal. This is not a crisis worth misleading people about.
@@Coffeezilla 100%, I’m just assuming he doesn’t realize the extent of how malicious his “investment” is. If he apologized and went back to business as usual, I’d forgive him. You’re right, it’s a great channel
"You're not going to spend money on his bad decisions." You're going to spend it on your bad decisions! I don't know why I thought that's what he was going to say.
So glad I’m subbed to you - I love the Disrupt channel, and almost jumped all over this. Something seemed fishy, and decided to hold off, and now I’m glad I did. Thanks Coffeezilla!
Disrupt isn't my favorite channel but this definitely irked me and I turned the video off a few minutes in. When he said "restructuring" I just knew... Glad you peeped too makes me feel more confident.
At the end of the video, Coffee says the cofounder "by all accounts, seems like a pretty nice guy". Well, this channel taught me that is what all scammers seem like.
Yeaaaah Disrupt always struck me as all style no substance. Pretty much every one of his videos I've seen he describes some stuff very oddly in a way that has absolutely no meaning but sounds hacker-ish. It's clear that he wants to appear like some authoritative security researcher or something but doesn't actually have any expertise beyond reading some wikipedia articles. This whole situation seems the same way but instead of just being deceptive about being an authority figure, he's trying to put flashy visuals and ΛΣＳＴＨΞＴＩＣ over a straight-up scam. Very disappointing. Takes my trust of his content from "meh at least it looks cool and is mostly accurate" down to absolute zero.
Too bad most people just shit on the channel now. Coffee should've made an update video on the situation but now thanks to uneducated people who didn't even see how long ago this is theh just mock the channel.
No earnings, no assets, conflicted team and a CEO lying to his potential investors… Yup, sounds like $10M business to me
If you know anything about business, you know full disclosure is always necessary. Numbers matter and if someone pitches 2 separate ideas and doesn't use the same formula to base a foundation or conclusion on both sides then the whole structure is fraudulent.
21th century capitalism at its finest
11
@@sawyerlogon7666 🙄
@@nickyblue4866 why r u rolling your eyes
"invest" in debt = scam
Donate in debt = normal
That's the key difference
Well that and lying about where the money will go, what it will do, and saying it's an opportunity to make money
Path B is bankruptcy
Path A is his attempt to avoid bankruptcy
Plan C was being honest, This would require an entire reconstruction of his honesty.
@@TheExperienceYT benefit of the doubt, people are told to fear mistakes, sometimes it seems better to lie to make you seem like you didn’t make a mistake
Path B I'm F*cked
Path A I'll pay off my debt and have extra cash on the side 😎💰💰
The path I prefer is Path A
Path B his friend owns the company, path A he owns the company. Simple
man as an accountant you gotta love when you find out juicy info at the end of financial documents cause they have to put em there ugh so good
@@mousermind why? i read both of your comments the same - your time was wasted
@@mousermind Nerd.
Yes indeed
@@thesorrow88 oooooo no punctuation oooooo
I was thinking the same 🥰
Note to self: hide undesirable details in the middle of documentation, and not the beginning or end.
Middle of document, under multiple subsections 😂
Lmk if u ever start selling courses, I’d definitely buy yours
this is the lesson, yes yes
That's what I thought, People read the first few words then scroll to bottom read the last few words, nobody stops in the middle.
Just slide it into the terms of service right next to everyone agreeing to be tracked and monitored with everything they do, every site and app they use and every GPS location they ever go, instead---- they'll never find it there.
Im a huge nerd and disrupt fan, and this is disheartening to say the least. However, when he made that first video about selling his channel it struck me as odd immediately but I didn't know why.
Thank you Coffee, your hard work in exposing bad financial scams and such is valuable and you are appreciated. I hope you know that.
Same here on all accounts.. disrupt truly is a gem and there's simply nothing else like it. The production value is amazing and unique. The research is always on par... I really hope, and this is a huge stretch, but I hope this is just some sort of elaborate social experiment and he doesn't actually recieve any money? Idk because this is just so odd....seems very out of character. And wouldn't any average person be at least suspicious enough to shy away? Seems like a fast way to totally kill your channel :/ I don't understand that.
Doubly agree with you on coffeezilla as well. Totally on point.
Same.
Disrupt has now taken down both videos talking about the sell lol
I AM TOO I DIDNT KNOW THIS NOOOO
He shot himself in the foot. I unsubscribed as soon as this came about and I KNOW I’m not the only one.
The funniest part is his sales pitch sounds like every NFT project.
yeah it gave me cryptoland vibes, but i ignored that because, it's Disrupt! why would i question him? good thing i never bought in, knew something was fishy
EXACTLY. I thought it was a parody at first
Fr! Glad coffezilla did decide to make a video TO CLARIFY HIS OPINIONS AND ENLIGHTEN US about this and open eyes about the other rather scummy intentions on this project, not like the blinded disrupt fan in the “I’m selling this channel” video’s comments.
Yeah! 😄
Yeah, i think throwing buzzwords with no deeper explanation is a telltale sign that something fishy might be going on
Just FYI to anyone who hasn't watched the Disrupt channel lately - this guy has been let go due to what he did, and his co-founder and the Disrupt team continued without him.
LMAO
What a bozo. Glad they let him go.
@@techedbirb6663 nigga
scapegoat brother. they all wanted to sell, the internet laughed at them, so they pinned it on him
@brakvash but he owned it though this comment makes no sense how could he kick them out if he owned 100% of the company?????
Disrupt was the last RUclipsr I'd expect to be scamming.
Bros a clown 😂😂🤡
@@zillix7268 unfortunately 😭 💀 😂
Exactly like it’s so disappointing that he’s actually doing this.
Guess we shouldn't be surprised now if the next scammer is Coffee 😵💫
Inb4 mamamax exposed
I absolutely love Disrupt and their content. It really sucks to see that they’re going down this path, it’s super ironic considering most of their videos are on scams and hacks :/
They got inspired by them
sheep
Yep, I've unsubbed now, I saw the comments on the original video and was like whatever, I'll let that settle and come back to the content, but now I've seen this video I want nothing to do with it.
Just like jake tran lmao
SILENCE NON-CHECKMARK
The weird thing is that if he went to his fanbase and told the TRUTH...I am sure fans would band together to help the guy out. There is/was no need to lie...weird society we live in..either people fear to tell the truth or we are taught that no one tells the truth unless they have too.
I would've swiped in a heartbeat if he made a Patreon.
@@hrmn4694 you are the reason why shampoo needs instructions in the back of the bottle
@@wrathcyber i agree with you and would like add to the original post, people are afraid of failure. When i was young man (i'm 54) I was always told that if i wanted to grow/become smarter/do better then i was going to have to fail. I wasn't until i was out of high school that i found out that apparently my family was the "odd man out". Their is nothing wrong with failing. The problem is when you don't fix/learn from that mistake but that isn't what people are being told. You have to win, no matter the cost. That attitude has gotten us where we are. (well not counting the laziness issue when it comes to taking the time to learn things)
Yeah, I woulda chipped in a bit to keep the channel going, I've really enjoyed his work. This whole thing makes me sad.
True!
as someone who adored Disrupt's content, the unique editing, everything, I was genuinely disappointed and confused when I saw that video. I could smell it was a scam from a mile away, and realizing a genuinely awesome channel fell down such a trashy path was really... unfortunate.
If 10% can be purchased at $500,000, the studio is “worth” $5M. This is the first thing I spotted.
And the thing is there is no studio. They are a group of animators and creators across the world working together so there's no "studio" and he even says in his video that because there is no studio they are able to create content cheaper than say a big media company.
$100 = 23 shares. Totally, they have 2 500 000 shares. 250 000 shares are ready to be sold on wefounder. Goal is at $500 000 but he will take up to $1.07M.
I am deep in the story since first Jak's video about it, so I am pretty sure I am correct here.
Still not worth as much as the £10m studio our boi coffee is sitting in
I haven't dived deep into this story but as another commentor said, that's not necessarily the calculation. From what I saw here they *need* to raise $500,000 but are open to raising more. Therefore, 10% isn't necessarily $500,000. It's still a ridiculous valuation but that part isn't necessarily fraudulent.
I think the "investment" is on the RUclips channel.
Man that sucks to hear, I love disrupt. I was wondering how his whole plan was going to play out.
He got inspired by the scammers he covered
@Don't read profile photo brother no one cares about you who do a 6 year old trend. Go do something better with your time!
Most RUclipsrs are shameless self promoting hucksters in reality.
@@hoze1235 almost certainly, he saw one too many offshore speedboat in his research 🤣
@Don't read profile photo Don't comment in the first place
Honestly what disrupt is doing currently feels like something that a hacker/scammer in his videos would do lmao
Yeahhh it really does
maybe it's a social experiment?
Probably where he learned it from. Researched hackers and scammers so much that he became them lol.
its a tale as old as time. reminds me of a podcaster that focuses on cults and he has transformed into a pathetic cult leader.
Based
If he was a RUclipsr I really liked, and he simply said “I’m in a lot of dept, so if you want you can donate here”, I might’ve donated, but here I would’ve probably lost all respect by now
true. being upfront online really works (oftentimes esp. if you have dedicated fanbase already). jack acted as if it was the corporate world where lying is the best policy
and his reason was a very good one: "I bought half the channel and I'm struggling to meet payment dealdines due to high costs. Its either fire people or get help."
Exactly
He really should've done that. That whole scheme of trying to convince people without showing the full truth completely fucked him. Look at his channel now, it's fucking dead.
@@thesorrow88 .
I LOVE Disrupt! So sad it’s going down this way, seemed to be a scam right away!
The 10 Million Dollar studio joke could have never in any timeline been more perfect than it is right now, this is actually unbelievable.
It was all planned of course
@@psydunk1 the studio was a paid actor
Do you know something else than superlatives?
I don't even think Marques Brownlee's studio is worth that
@@hanskranz9897 No, this singular comment contains all I know in life
It'd be better if he was honest and told everyone that he's in financial trouble, and set up a Patreon or something instead.
Agreed, I feel like there's other intentions behind this that are not publically known.. And at this pace, I don't think we'll ever find out lol
His home living doesn’t show poor to me… those monitors don’t buy themselves lol.
@@arwlyx well no shit mr obvious lol… if he is scamming people he isn’t gonna obviously say that.
he sounds like a scammer. Sounds like hes mean to children too.
While that would be ideal, often RUclipsrs fan bases are extremely cruel or narcissistic. They completely ignore or even make fun of any sort of bad thing that happens to a RUclipsr but if something good happens they treat it as if they did all the hard work. I can see why he doesn’t want to open a Patreon, I think he’s just paranoid that no one will pay through patreon.
Just FYI to anyone who hasn't watched the Disrupt channel lately - this guy has been let go due to what he did, and his co-founder and the Disrupt team continued without him. - Reposted. This channel deserves a comeback.
“This channel” doesn’t deserve anything
@@Hack_The_Planet_ the old owner had debt to pay back and tried to pull a quick one, but he is now kicked and the videos are as good as ever
good to know
@@Hack_The_Planet_ Why? The channel did nothing, this guy did
Did they actually cleared things up?
Yea this is brutal, love their content, but a scams a scam, good stuff Coffee
Damn I’m beyond paranoid of everyone after binging coffeezilla
Welcome to the desert of the real.
Come on in, the water is frigid and filled will gators!
I mean, trust is something you give while knowing you can be betrayed. If you have plans on how to deal with it it's alright, the issue is really about _blind_ trust, which is more common than we often realize.
That said, the moment a ytber or other content creator does this I'm jumping ship.
Welcome to the internet
Lots of scumbags in this world, everyone has a price and some are just too greedy.
It's always funny seeing RUclipsrs pretend like we have that much invested in their continued operations. I've had dozens of "favorite channels" that stopped making content. The reaction is always "man, that sucks" and then two weeks later I'm watching other content and have completely forgotten.
yeah, the only real one i miss is sorrowTV
RIP fitzthistlewitz :'(
@@nejsonsvejson9861 Man, you just make me remember that channel.
@@nejsonsvejson9861 :(
@@ericraululyeetusdelyeetus5028 true
It's insane that this happened on a perfectly normal, well-respected documentary channel. I'm so used to hearing about this stuff from 'lifestyle influencers' or 'money gurus' who were clearly grifters from day 1. It's sobering to realize that anyone you trust could turn around and start trying to take advantage of you if you don't keep your guard up.
seeing the amount of money that's already been donated is super concerning
my exact thought :/
I wouldn't say you're the _last_ person I'd expect to see here, but you certainly aren't the first.
Cool to see ya here cuestar
He is in violation of quite a few SEC rules regarding issuing equity I would imagine
Hey cue!
It's such a shame to see such a good channel like Disrupt go down this road. The sad part is, I feel like if he had just come out and been completely honest with fans of the channel and disclosed the part about being 500k in debt, people would have been willing to help.
who the fuck is 500k in personal debt? thats the same as saying "i am suddenly 1300lbs and they had to take out an exterior wall to bring a crane in to lift my fat ass out of the house"
i’m happy to say that they’ve fixed this and speculation is that jak is out of the channel
Who cares
@@HumilityListens Fans of Disrupt
@@HumilityListens so edgy and quirky
Dude this sucks. Disrupt was hands down one of my favorite channels. Some of the best tech documentaries ever made.
He made a mistake and can still recover from it, I wouldn't say this warrants a full boycott/disconnect from Disrupt but I hope Jak comes to his senses.
@@Hobby_Technology I definitely am not boycotting. And I really hope this is resolved.
I really hope he comes forwards from this and continues to create content. I'm sure that through the channel revenue he will be able to pay off his debt eventually.
Depends upon his response. If he just goes cold and and never talks of this again then I unsub. We at least deserve a good explanation or apology.
I really feel like "I am 500k in debt so this is what i want to do to pay it off" would have gone over just as well
bs everyone would tell him that's his problem nobody would help no one is helping anyone out of debt that they created. Keep dreaming.
@@OGPvPMCpeople who like content creators donate all the time . disrupt was pretty big he definitely wouldve gotten at least some spare change
@@OGPvPMCnot everyone is as selfish as you
This whole Disrupt thing was a sucker punch in the gut. I thought that the guy that makes that type of content would be wise enough to not fall into that debt.
Most people have debt the 🇺🇸 has 138 trillion is personal debt last I checked the debt clock that never stops running up
There is no debt until you close the deal.... duh!
The "debt" is the buyout in case he decides to really buy 50% of this channel from his partner.
@@unbroken1010 You are missing the point. Debt is fine, the difference is when he made a shitty buisness decision to buy out his partner when he didn't have the money so he decided to try and slide that past his viewers. He isn't selling the company, he is trying to dig himself out of a hole by getting more debters involved
@@unbroken1010 debt is good. Only idiots pay cash. Anyone not carrying debt is either too broke to afford the debt, or new money that thinks "paying cash" makes people think they're rich. (Ball players and rappers mainly.) People who use their own money are suckers.
@@unbroken1010 A countries' debt is massively different than the debt of a person, you can't even compare the two.
This a total "live long enough to see yourself become the villian" situation.
100%
I get the sentiment, but is that what the phrase means? I thought it meant that the world will turn you into a villain because public trust only lasts so long. Not that you turn yourself into a villain by doing something like this
Edit: I am wrong, I just looked up the harvey dent reference and context
It didn't take long
The crazy thing is; at least it makes sense in my mind, if he was upfront about being in debt & had a plan on how to use that money to pay off his debts in addition to creating the studio then maybe this wouldn’t look so bad.
Yeah, if he had straight up said “Someone who owned a lot of the channel left, I went into debt buying them out, I need some financial support to ensure the future of the channel” and set up a Patreon or something, he probably could have gotten the money without looking like an arse.
Disrupt is such a unique channel, it's really disappointing to watch this unfold.
why would he even share 50% of it anyways, i guess he likes money
@@maven9323 The only thing I can think of other than that is if Jak and his co-founder had disagreements over the management of the channel so he ended up offering to buy it out fully, but yeah, it's disappointing
IKR, it was actually so good :(
@@maven9323 to be uneven
I feel like I've watched this episode of Dragon's Den:
- insane valuation
- insulting equity offer
- realizing the owner actually values it less and trying to hoodwink investors
- realizing the money won't go to bettering the company but to pay off debts
- "I love the product but... I can't invest in you. I'm out!"
“I’m out!” line is iconic! 😀
This is such a heartbreaking thing to see since I LOVE this man's documentaries. But boy, I gotta accept that creatively amazing people are capable of this
@DONT READ MY PROFILE PICTURE Don't comment
@@polygontower his comment got deleted 😂
its like kanye west
@@ballsmaster6937 I guess in a way it is, if you're a fan of Kanye. I don't think this is as big of a deal and "scam" as its,being played up to being in my opinion tho. I think it's some misunderstanding and maybe a bit misrepresented but I don't believe it's a flat out scheme to become rich. I truly think he didn't represent the situation well and is trying to keep the channel moving forward. Just how I feel about it. I don't believe Disrupt is trying to scam anyone
I guess he should rename his channel now from Disrupt to Distrust
This comment is gold
Oooooo
Interestingly, his offer of equity to the public is certainly a violation of securities laws.
How do?
@@frontporchprojects4181 you can’t broadly or publicly promote securities without a prospectus or an exemption. We know he doesn’t have an exemption because no exemption allows him to offer securities as he’s doing it
Which is why he's crowdfunding under the way sexier guise of a Shark Tank pitch.
Call the SEC, this man (disrupt guy) is not compliant of the rules and regulations applicable to the issuance of equity investments!
nah, the financial document puts him in the clear. that's the catch. and its in the literature. this is why legit investors always read the fine print. not excusing his behavior, just pointing out he has covered his ass legally.
@@arcanealchemist3190 I'm pretty sure they're referring to the bogus 10 million evaluation.
Or call the SEC over coffeezilla giving financial advice.
@@Door_Into_Summer all valuations are made up. nothing illegal about it
@@knightofmalta5792 They don't care unless you have a financial stake in what you're pitching.
The salient question is "what is Disrupt's annual ad revenue?"
I couldn't get to Disrupt's financials, so here's a best-case look at revenue.
Fifty videos have been posted since July 20, 2021. These videos got 35 million views (I counted) and averaged 702,000 views per video. Twelve videos got a million or more views.
If we assume Disrupt received the top $8-per-1,000 views ad rate (and a much lower rate might have been received) the channel grossed $281,000 over the past 52 weeks.
This means Disrupt values itself at 38-times its ad revenue, which is beyond absurd. Sponsorships bring in additional money but couldn't possibly justify the asking price.
THIS IS CLEARLY A SCAM.
You never heard of social blade?
@@eskaymotorsports600 does social blade calculate the revenue? Maybe that explains the lack of likes lol.
Just checked social blade, says per month he's earning between €408 - €6.5K and yearly between €4.9K - €78.3K
Even without the debt stuff this seems like a scam
If I remember correctly, the financial document said it was ~100k yearly, on the lower end.
He has a a company, Disrupt. It's like Netflix
He totally got over-confident, from his own videos, that he could outsmart his own community. Too bad he forgot this is the internet lol
@@ratecyan ah, one of the weaker specimens
I found their content high quality, but really sloppily organized to the point many people watching couldn't follow along easily. This is not a loss to me, but i can see how people appreciated the channel's work
Right? I liked some of their videos but if you ignore the "high quality" aspect of the animations and transitions... a lot of stuff is pretty hectic and piled up, at least imo
There's also been some really stupid mistakes they've made like calling Java and JavaScript the same thing that makes you doubt the quality of the research they've done or how much they actually understand what they're talking about
@@_roko_ It go beyond that often. He is not an infosec expert and regularly completely misses the mark on how the hacks work.
Dude this is literally one of my favorite channels. I feel like if he was just honest and tried to do a go fund me or something people would have his back. Kinda shitty to sneak it in like that ☹️
Probably would get more money honestly
Yeah honestly he would have probably got a lot of support
@@JohnDoe-ws4iu same, alot of misrepresentation of facts in their videos as well. I prefer channels that focus more on facts than visuals.
“You either die a hero, or live long enough to see yourself become the villain” sometimes life really do imitate art lol
Damn bro 2 of the best comments possible combined: 66 likes lol i expect more
It's true tho sad but true....
The other way around actually.
He's in debt? Well that explains the seemingly arbitrary deadline he set on reaching the goal to path A or B 😅 I knew something was off when he brought up a self imposed deadline.
Not just in debt, he's already defaulted on the debt.
I hear the deadline is September, so he's hoping to do it within 6 weeks or so
My thoughts as well!
At first i forgot who he was, and i saw all these weird videos on his channel, but scrolling down i saw that he did the one week in a simulation video, and i remembered that i loved this guy a few months ago. This is actually sad.
They have let go of the person who did that and are now still going strong
@@PilotMiaoumi No, No They Are Not.
@@PilotMiaoumi They Will Probably Never Get As Many Views As They Did With Jak.
He Was The Entire Reason Disrupt Had As Many Views As They Did.
Only If He Just Straight Out Said It. “I’m In Debt And I Need Shekels.” 😞
Couldn't imagine "investing" in a RUclips channel. I don't mind donating a small amount depending who it is but if it's an investment I would rather put that money into an actual company that'll be around long term.
He's literally turning his channel into an unregistered security. The SEC will be on his ass in a hot second.
I’m thinking I’m the only one seeing this 😂😂😂😂
It literally says hes going to file and that's when all this becomes active
Equity crowdfunding is legal. See SEC Reg D and Reg CF
There are other folks doing equity crowdfunding with similar terms. It's a lot of scams and coke fueled delusions though. An acquaintance tried to launch his events company through one and gave his company a 500k valuation with no assets, brand recognition, or experience. Like why not just launch a GoFundMe?
@@xxxlilxjayxxx The problem is how is he legally distributing the channel equity to the ppl buying those factional shares? Channels are being sold outright but if you see RUclips's Tos, they never explicitly stated you can buy or sell it. They can take or close down your channel at anytime they want.
The worst part is, this channel was actually pretty solid..
and if it happens to go belly up we lose a set of really great content creators in the process...
It’s still pretty good. Watched a few of the new vids without him and it holds up.
@@HaitiSpaceAgency ???
The guy probably shouldn't had make an 500,000 dollar purchase when he couldn't even afford a decent camera
Right? It looks like he used a Teddy Bear camera.
he usually does not show his face AND this low-fi 90s inspired filter fits his channels' aesthetics perfectly
@@JoeOvercoat it’s the style of his content. He has good quality. I loved his content. It’s part of his art style/editing. Check out his past videos
That’s kinda the whole “theme” of the channel. Late 90’s early 2000s
It's on purpose lmao. Do you know what an aesthetic is?
Witnessing this happen to a good channel is fucking painful to watch.
LOL! The first thing I thought after his opening pitch was "this guy owes money to a business partner". These scammers are so transparent!
I just think if he was honest no one would have been pissed at him.
a month later and i’m glad the channel is coming back without this BS
Jak: “these scammers make it look so easy”
Scammers: “those who can’t do, teach”
Humanity is down bad man. I know there was always bad shit going on but now it’s even more easy to witness this shit go on
Well it's true when they say you really don't know who these people are. Hopefully he will confess, apologize and redeem himself.
He is promising a percent of net profits in a company where he would still be majority shareholder. He decides about costs. So essentially he decides how much money people will get through their dividend. High probability he will inflate his own costs so there is little left to share with his investors.
Didnt he promise ad revenue?
Best take.
It’s sad to see all the shady things happening within all these youtubers
Stop watching content about shady youtubers then bruh. You're polluting your own head with gossip, and rumors and that is so negative and so gross. Start focusing on yourself more than other people you'll be a lot happier trust me
Moral of the story: tell the truth kids. Especially when dealing with other peoples money, cause the truth always comes out.
I disagree on the always part. But if it comes out and you lied, you likely face severe consequences.
Honestly, i always loved distrupt. Its those channels that its uniquely amazing from anything around. amazing storytelling, stories easy to indulge in, fun to binge watch, etc... So seeing this exact channel go this absolute wrong path. its absolutely dissapointing. Pretty saddening actually...
The fact that it is via a crowdfunding platform should be a red flag all on its own. When you're talking percentages and shares, I feel like it has to be a lot more organized, a lot more specific & personalized...and Transparent! Where is the paperwork...and lawyers?! When our bank went public on the stock market, they sold shares and my parents bought some...they have so much paperwork, telling them everything they would possibly need to know. What exactly they bought, how much they bought, what they can do with it, etc. I know this is a RUclips channel and not Wall Street, but when you use the same terminology, I expect the same standards.
Yeah I was really disappointed when a crowd funding platform was mentioned
As a fellow Jack I am hereby revoking his right to our name. - WWJA
He's Jak not Jack lol
@@nnikitov57 even worse. As an Elizabeth I will proudly ally with the World Wide Jack Association
@@nnikitov57 he still comes under the jurisdiction of the WWJA
As a Ben I would also like to decline his right to change his name to Ben - WWBA
@@Twiddle_things Hey my mom’s name is Elizabeth that’s a funny coincidence.
So sad to see this happen to a channel I love. Hope he comes to his senses.
i wonder how much he would have raised if he was just honest with his fans and said he needed 500k to pay off debts
or concentrate in making videos.
Probably like $50
Nothing because people are selfish
He would still lie so nothing
Nah they would have raised it there’s loads of normies who would have contributed to keep the channel alive
I was so baited out when I saw that video, glad to see someone cover this and explore the sketch. Disrupt has ups n downs. Their video on Havana Syndrome was terribly researched and has only contributed to the massively misunderstood and misrepresented reality
Some people always find a way to make something corporate and scummy
He could have actually raised that money by selling an online course to his audience. It doesn't have to be shady. Just honest value that will benefit his audience is enough.
1. Research skills
2. Growing a RUclips channel
3. Managing a RUclips team
There are lots of online content he could have produced and marketed to his audience to get that money but he didn't. That tells me he's a bad business man all round.
He's lucky to have that partner.
It's always best to poop more than you eat so you don't get fat. I poop 2x each meal and also urinate when needed. My motto is eat ass, smoke poop and get laid. Preferably with a non relative 💩👌🤑
"Just make an online course about making a youtube channel to pay off 500k" - the Dunning-Kruger effect is out in full force tonight, lads.
Not sure about the first one, he had quite some errors or mistakes in some videos. Mostly technical stuff tho
Dude ain't thinking long term, smh.
When you have 500k in debt you don't have time to spend a year crafting an online course that MIGHT generate some revenue lol. I don't condone what he did but from that statement alone I can tell you're not qualified to criticize anyone's business skills.
I freaking loved disrupt. The content was so good.
When he made the "I'm selling the channel video" I could smell the scam from a mile away
Wait. Disrupt. That's unfortunate....
I swear you better never turn on us! You're one of the only ones I can trust!
Foolish you shouldn't trust anyone
Especially someone you don't even know irl
Never trust anyone. Disrupt's videos often have holes in their research like the terrible one on Havana Syndrome which lacks any real understanding of the situation.
@@primus711 well the word trust should definitely be taken with a grain of salt here. Lol
@@thishandleistacken what were the major holes I'm genuinely curious now
@@primus711 I second that. People can be so gullible online.
I’m glad Disrupt got their shit back together and are making good videos again!
Coffee never ceases to dig up the best stories. There’s no one else in his class.
If I remember the comment right, Coffee watched Disrupt then watched the video and had the same red flags as many.
Didn't really have to dig this one up
At current levels it would take over 444 years to recoup any investment ($100 would pay $0.225/year). And your ownership would be further diluted if he raises more funding. That is NOT an investment, it’s a donation. This guy clearly knows nothing about business or finance if he honestly thought this was a good idea to try.
that 444 number is oddly familiar lmao
pink sauce controversy
@@jerecakes1 what’s pink sauce?
I’m used to seeing RUclips drama videos about channels I’m not subscribed to or ever even heard of before so I honestly had a double take to see something like this on a channel I’m actually subscribed to and enjoy the content of (which is especially ironic considering the content that channel makes)
Damn, I am so glad Coffeezilla grew so fast, I am here since 200k subs and that was not very long ago, he really deserves it .
It’s because of Charlie, he has given him many shoutouts
I unsubbed. His content goes deep into topics that aren't the easiest to research by just anyone. That means as a viewer you're trusting that his research is above board. The trust is the lynch pin, IMHO, and he's just demonstrated his ability to lay out the FACTS is SKETCHY at best.
I just watch the videos because they are entertaining, I don’t overanalyse it because it’s RUclips.
@@fidelio9301 well maybe you should m8
@@THEBUGSAREBACCCCKKKKKKKKKK I don’t need to “m8”. I wouldn’t ever invest anyway. If you are dumb enough to not see it’s a scam it’s your problem. He’s a obviously a scumbag. It’s been obvious from day one. Why would you believe anything anyone online says? You don’t know him, he could be anyone in real life. The videos are entertaining, but I don’t need my creators to be good people, just to create good content. Everyone needs to do their due diligence about these things, people put too much stock and emotion in their “favourite” creators. Bye now.
Unsubbed from Coffee or Disrupt?
@@THEBUGSAREBACCCCKKKKKKKKKK what’s so wrong with that?
It kind of feels like Patreon but with a fiduciary responsibility which is a terrible idea
I was so surprised to see coffee talk about Disrupt! I honestly love the content and I've went on a binges just watching everything they've made. I just really hope the channel doesn't implode because of this drama.
Can we get a follow up video? They've posted some updates and it seems like Jak has just cut contact with the entire team of Disrupt. So they aren't able to explain why he did what he did. I'm hoping they bounce back and continue making good content free of the influence of people like Jak.
Why invest in one channel when you can own a piece of all the RUclips channels in existence by investing in Google?
I gave Susan Wojcicki $10 I basically own MrBeast
Because google does not pay dividends. Obviously investing in a youtube channel with that bogus of a valuation is a terrible move, but in a more realistic scenario that would be the argument.
Disrupt is a good channel that I've enjoyed a lot, and it was jarring seeing the video pitching this "investment" and even stranger now seeing you cover it. It smelled fishy right away and there were plenty of comments from fans saying the same. It was also disappointing hearing him say the "metaverse" was the future of the "brand".
Yeah that was my least favorite cornerstone of his videos, the VR Videos.
I loved this channel before all this bs…. Really a shame he decided to go this route instead of a patreon or something ://
I also cannot believe he’s already raised that much $$. It’s so obviously a terrible investment.
this is incredibly upsetting, i love(d) the Disrupt channel and i expected Jack to be much more truthful with his pitch. I will continue to watch their content because it is interesting but I will not be investing anything at this moment or possibly ever.
from what i know Jak stopped being part of the channel, it’s just his co-founder and the rest of the team now.
Jack has been removed from involvement in the channel
You 'love' something, but dont know how to write the name of it? Maybe your definition of love is different than mine
Aside from this being a kinda scam-eg,
I’m intrigued by public/ fan ownership of entertainment like Sports teams, RUclips channels, etc.
The public "owns" the Green Bay Packers
I remember Faze Clan went "Public" recently and their stocks crashed immediately. In the "attention" market, it's the wild wild west, and too many people burn out way too quick.
@@PacMonster0 honestly a year to recoup an initial investment would be an amazing ROI, i highly doubt that it would be that valuable.
I don't like the idea of fan ownership because it requires that these channels grow at a very high rate to give the fans a good ROI. This is very hard. Also, fans will most likely be paid last. The ones who came first or gave the most money will get the most money.
@@bethromelus6172 plus then people if the business or team goes in a way they disagree with, you'll be even more pissed when financially invested.
There's something really weird I've noticed about disrupts videos, there's always a ton of comments that have nothing to do with the video subject but simply say things like "The production quality of this channel is amazing, I can't believe this is free!"
This attempt to "sell" the channel makes me think that a big amount of comments are fake profiles made to try to falsely inflate the channels perception as something more valuable than what it is, something worth buying
Thank you! I had actually already stopped watching their videos cause stuff like that felt off to me as well so I was surprised no one else really noticed this
That or it’s just simps. Lots of channels have these kind of comments. Plus he doesn’t delete bot comments.
@@CJ-ht4rf Why would you use that as a metric to stop watching content? I’ll stop watching content because it’s shit, not because of the comments.
I mean you could say that to other channels' videos as well like Lemmino, its not that weird with channels that puts a lot of effort in the videos
Nah the production quality is simply outstanding. They're right
I had alarms going off when I was watching his video. I couldn’t put my finger on it but something about it just felt fishy.
Was the nail in the coffin when I saw your comment on it. Felt my heart sink. Hope there’s enough backlash that Jak course corrects.
I generally dislike your personality and ego, but the content is really high quality.
Subscribed.
Kinda believable considering he’s looked into so many scams etc.
Emotional plaguing ‘we’ll die if you don’t help’
It’s extremely overvalued lol, I feel bad they weren’t able to get it self-sufficient
EDIT: I’m more referring to the debt load. They effectively did an MBO, but never ran the numbers to actually see if the debt will be serviceable. I’m doing an LBO rn so I assumed he realized the payments are unmanageable and got desperate to fix it
IT IS SELF-SUFFICIENT. The debt is literally of Jak's own making bc he wanted to push his partner out.
@@Coffeezilla LOL...only Coffeezilla can get more likes on a reply to a comment than the original comment💯😂Hope you have a good one buddy! Love the content! BTW...your channel is worth A LOT MORE than this guys...seriously...you have a $10M studio!
@@Coffeezilla I’m more referring to the debt load. They effectively did an MBO, but never ran the numbers to actually see if the debt will be serviceable. I’m doing an LBO rn so I assumed he realized the payments are unmanageable and got desperate to fix it
@@uydagcusdgfughfgsfggsifg753 yeah but if he defaults, his co-founder is going to get 1% extra in the business (51%), and then things go back to normal. This is not a crisis worth misleading people about.
@@Coffeezilla 100%, I’m just assuming he doesn’t realize the extent of how malicious his “investment” is. If he apologized and went back to business as usual, I’d forgive him. You’re right, it’s a great channel
The cofounder should have gotten a "no disparagement" clause in the contract.
Coffee realizing his $10,000,000 studio puts him in the same league is classic.
"You're not going to spend money on his bad decisions."
You're going to spend it on your bad decisions!
I don't know why I thought that's what he was going to say.
Haha I was expecting the exact same words!
Already knew it was Disrupt before I saw the thumbnail and clicked lol
This money making scheme was..... DISRUPTED
I'll let myself out
I just had him comment on my Kaspersky video yesterday. I by chance ran across this, blew my mind.
So glad I’m subbed to you - I love the Disrupt channel, and almost jumped all over this. Something seemed fishy, and decided to hold off, and now I’m glad I did. Thanks Coffeezilla!
"Path A vs Path B" is classic snake oil sales tactic. Disrupt makes amazing videos, but that does not mean they are making amazing choices.
Disrupt isn't my favorite channel but this definitely irked me and I turned the video off a few minutes in. When he said "restructuring" I just knew... Glad you peeped too makes me feel more confident.
At the end of the video, Coffee says the cofounder "by all accounts, seems like a pretty nice guy".
Well, this channel taught me that is what all scammers seem like.
What a shame and surprise because Disrupt is one of the best channels out there. Their content is as well produced as it gets
As soon as he said "restructuring". I knew he was talking about bankruptcy
Yeaaaah Disrupt always struck me as all style no substance. Pretty much every one of his videos I've seen he describes some stuff very oddly in a way that has absolutely no meaning but sounds hacker-ish. It's clear that he wants to appear like some authoritative security researcher or something but doesn't actually have any expertise beyond reading some wikipedia articles.
This whole situation seems the same way but instead of just being deceptive about being an authority figure, he's trying to put flashy visuals and ΛΣＳＴＨΞＴＩＣ over a straight-up scam. Very disappointing. Takes my trust of his content from "meh at least it looks cool and is mostly accurate" down to absolute zero.
To anyone curious, they have completely cut ties with this person, their channel still makes good content
Too bad most people just shit on the channel now. Coffee should've made an update video on the situation but now thanks to uneducated people who didn't even see how long ago this is theh just mock the channel.