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willtheorangeguy
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2014-WAN-Show-Transcripts

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[2967.00 --> 2968.00] Thank you, Mr. Wizard.
[2968.00 --> 2971.00] There's like no way that anything would be even remotely running right now if it wasn't
[2971.00 --> 2972.00] for Mr. Wizard.
[2972.00 --> 2974.00] Like not even close.
[2974.00 --> 2976.00] So I just want to put that out there.
[2976.00 --> 2978.00] Thanks, Mr. Wizard.
[2978.00 --> 2979.00] And the problem is-
[2979.00 --> 2981.00] We should call him Lord Wizard from now on.
[2981.00 --> 2982.00] Lord Wizard.
[2982.00 --> 2984.00] Or the Wizard.
[2984.00 --> 2990.00] The problem is the call that we're making to get the amount raised, dollar value, doesn't
[2990.00 --> 2993.00] take into account money that is pending.
[2993.00 --> 2994.00] Okay.
[2994.00 --> 2997.00] So we can't get the actual value so we're currently hard coding that.
[2997.00 --> 3000.00] Just so you guys know, like overnight or something, if it doesn't move for a really long
[3000.00 --> 3004.00] time, it's not because we're not counting your donations.
[3004.00 --> 3007.00] It's because you've got to sleep for a little bit, wake up, and then we'll manually update
[3007.00 --> 3008.00] it.
[3008.00 --> 3009.00] All right.
[3009.00 --> 3010.00] Question number three.
[3010.00 --> 3011.00] Aren't you guys a business?
[3011.00 --> 3013.00] Why aren't you seeking investment or taking out a loan?
[3013.00 --> 3017.00] The answer is because some of you want to help us- no, that's the wrong answer.
[3017.00 --> 3021.00] Yes, we are business, but those of you savvy enough to figure out these types of business
[3021.00 --> 3025.00] strategies should also be savvy enough to know that moving into a much larger space is
[3025.00 --> 3030.00] going to cost a lot more than $50,000, our goal for the campaign, even in the short term.
[3030.00 --> 3034.00] So we're exploring every avenue necessary to grow and keep delivering the best content that
[3034.00 --> 3037.00] we can, regardless of how much we raise during this campaign.
[3037.00 --> 3041.00] And then the question number four then is, so then why are you asking for money at all?
[3041.00 --> 3044.00] And the answer is because some of you want to help us in this way.
[3044.00 --> 3049.00] We've done campaigns like this before with similar rewards, things like badges on the
[3049.00 --> 3053.00] forum, and people have said that they're happy to be able to contribute in this way.
[3053.00 --> 3058.00] In fact, a lot of people don't like the recurring contributor system that funds the forum and
[3058.00 --> 3061.00] prefer something that's a one-shot deal.
[3061.00 --> 3066.00] The last time we did this was over a year ago, so it's not like we're turning around and running
[3066.00 --> 3069.00] a new crowdfunding campaign every other month or anything like that.
[3069.00 --> 3072.00] It's something that we have been asked for.
[3072.00 --> 3077.00] So for those people who do want to help us out like this, then we want to send our gratitude.
[3077.00 --> 3083.00] And to everyone else, I mean, we're still grateful because every contribution, even one view on a video, counts.
[3083.00 --> 3086.00] The thing to realize here is this is all optional.
[3086.00 --> 3088.00] We're not holding our content hostage.
[3088.00 --> 3094.00] We're not saying we're going to stop making tech videos if we don't hit this goal.
[3094.00 --> 3096.00] Nothing happens if we don't hit the goal.
[3096.00 --> 3102.00] It's just if you guys want to contribute, if you want to see some of the cool stretch targets, then go ahead and contribute to the campaign.
[3102.00 --> 3103.00] Or don't.
[3103.00 --> 3104.00] It's fine.
[3104.00 --> 3105.00] It's cool.
[3105.00 --> 3106.00] We're still cool.
[3106.00 --> 3107.00] It's all good.
[3107.00 --> 3108.00] Yeah.
[3108.00 --> 3109.00] Question number five.
[3109.00 --> 3113.00] Travis just sent me FIRE in all capital letters, and I'm like, what?
[3113.00 --> 3114.00] He's like, things are on fire.
[3114.00 --> 3115.00] I know what you did.
[3115.00 --> 3116.00] You announced.
[3116.00 --> 3119.00] He's like, oh my god.
[3119.00 --> 3123.00] So next question is why do you guys have any cool physical rewards?
[3123.00 --> 3126.00] And this actually ties into the last one.
[3126.00 --> 3134.00] We're asking for money so we can move into a bigger space, hire more people and make better content, not so we can sell you a bunch of stickers, t-shirts, and hats.
[3134.00 --> 3138.00] If you want to contribute to Linus Media Group by buying a t-shirt, then go buy a t-shirt.
[3138.00 --> 3139.00] We have t-shirts.
[3139.00 --> 3140.00] Hooray.
[3140.00 --> 3142.00] We don't need to do a campaign for that.
[3142.00 --> 3145.00] So on both of our web shops, we have a variety of different shirts.
[3145.00 --> 3152.00] The usual complaint about the web shops when people say, well, I'd like to buy a t-shirt except, is, OMG, the shipping is so expensive.
[3152.00 --> 3163.00] To which I'd reply, well, then I guess you figured out why physical merchandise would basically kill any possibility of this campaign funding a move.
[3163.00 --> 3166.00] The cost doesn't go away because it's a special crowdfunding t-shirt.
[3166.00 --> 3175.00] So out of that, let's say a $25 reward tier, I'd say is pretty typical for a t-shirt, actually on the high end, we'd still be paying $8 a shirt because we do all of our shirts on American Apparel.
[3175.00 --> 3179.00] And up to another $13 more for international shipping.
[3179.00 --> 3183.00] And we're in Canada, so we don't even get cheap domestic shipping to the US.
[3183.00 --> 3186.00] And people were wondering too about signed stuff.
[3186.00 --> 3192.00] That's even way worse because we'd have to get it shipped over the border to us and then back over the border somewhere else.
[3192.00 --> 3195.00] We actually wanted, I mean, and these aren't, it's not like these aren't ideas we've had.
[3195.00 --> 3197.00] We wanted to do signed posters.
[3197.00 --> 3198.00] We looked into it.
[3198.00 --> 3199.00] We had them printed, they're here.
[3199.00 --> 3204.00] But the problem is that the design didn't end up looking good at all, so we canned it.
[3204.00 --> 3206.00] But it is something that we do plan to do at some point.
[3206.00 --> 3217.00] It's just when we're doing a physical merchandise thing, we don't plan, the idea of this is for us to be funding making better and more content for you guys,
[3217.00 --> 3224.00] not to fund us sitting in the new office packing boxes to ship t-shirts all over the world or whatever else.
[3224.00 --> 3232.00] And yes, that's a bit of an exaggeration because you could get a service to do that, but then again you're spending even more of the money on having a service take care of it for you.
[3232.00 --> 3235.00] Which leads us to the last question.
[3235.00 --> 3239.00] I don't want to contribute because investing in a company without any ROI is stupid.
[3239.00 --> 3241.00] I want to be a stakeholder.
[3241.00 --> 3243.00] To which I would reply, we don't want stakeholders.
[3243.00 --> 3248.00] And I suspect neither do the people who are contributing to the new office expansion.
[3248.00 --> 3251.00] The closest thing that we actually have to direct backers for our company.
[3251.00 --> 3261.00] If we had stakeholders and all of a sudden there might be pressure to start paying dividends instead of using that money on responsible things like new gear and sets and employees,
[3261.00 --> 3267.00] we'd be potentially accountable for the kind of content we're making to some random that the community has never even met.
[3267.00 --> 3276.00] People are contributing, the ones that are contributing, because they want me in charge, not some shadow lurking in the background potentially pulling strings.
[3276.00 --> 3281.00] We've stayed away from investment other than this crazy person investing everything,
[3281.00 --> 3286.00] because it is a scary concept of other people having control over the company.
[3286.00 --> 3288.00] So we're not really interested in that.
[3288.00 --> 3292.00] And I can't emphasize that enough, by the way here's the link to the campaign.
[3292.00 --> 3304.00] I can't emphasize enough that just because we're crowdfunding this doesn't mean that I'm not personally invested and that we're not reinvesting the company's profits into it.
[3304.00 --> 3311.00] It's not like, I mean you guys I think see that, you know, it's not like I actually drive a Lambo.
[3311.00 --> 3315.00] I don't actually just blow all my money on frivolous crap.
[3315.00 --> 3317.00] Like, we're trying to do something here.
[3317.00 --> 3319.00] We're trying to make more and better content all the time.
[3319.00 --> 3321.00] And I hope you guys do genuinely see that.