Domingo
Fully [H]
- Joined
- Jul 30, 2004
- Messages
- 22,656
Good for him. He's living the dream and took a hobby way further than anyone thought possible.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Well that's just unacceptable.It be more like $60mil cause the new company will run it into the ground.
Exactly. I don't precisely enjoy everything he does. But credit where credit is due. He turned a hobby channel into a mega business and made a boatload of money in the process. Now he wants to chill a bit more and slam the wife from time to time. I can't blame him.Good for him. He's living the dream and took a hobby way further than anyone thought possible.
bless your heart.You lost me at toxic masculinity.
God love ya.bless your heart.
I guess I suck at business. XDThe people saying he is stupid to not accept 100 million just on the basis of it being 100 million are the exact kind of people that wouldn't be able to run a successful business
He mentioned that he would still be required to stay on for x amount of years after the buy out. You think he wants to stay there where he has no control over what happens with his company. Some people value their legacy more then making a quick buck. Love him or hate him he is trying to build something and make meaningful changes in the industry with the LTT labs.I guess I suck at business. XD
Hey Carl, I'm going to be working from home.He mentioned that he would still be required to stay on for x amount of years after the buy out. You think he wants to stay there where he has not control over what happens with his company.
If you've built a company from the ground up and developed all of the relationships he has with most of the staff, I'd hope you wouldn't sell them out so easily. He's cited his staff as the primary reason that has kept him going in the business because they all rely on him for everything and he'd kick himself hard if he left and their jobs went to shit.Someone offers me $100mil and I turn it down, I'd give myself my own lobotomy.
100% right. You don't tolerate willful incompetence when opportunity after opportunity was given to learn and provide coaching/guidance and it went no where. You have to cut your losses at that point.But, firing someone after they've been given far too many chances/warnings?.... I had no trouble sleeping afterwards, lemme tell ya.
Yeah I agree. I can't stand JayzNoSense.good for him, i think. He is a little annoying but for the most part harmless. I don't view him as an "expert" but more of an entertainer. or more like edutainment. I wish him well and his companies well (i think). He is at least more palatable than Jay2cents.
We do not really know how much he is worth, but if their companies is evaluated at $70-100m and they are worth 40-60millions, that a good amount of debt (still a good net worth), but you cannot divorce that almost 100% of their worth is in the company they turned down the buyout from.If this guy is worth $40-60 million I would probably turn it down if I was in his shoes. There are some things money can't buy. For everything else, well he has plenty of money already.
I think he reached his reflection point and is why he is doing it. He is backing off for the very reason of micro managing. I am sure his employees perhaps might have warned him they were leaving if something doesn't change.I don't see the new CEO lasting long, Linus can not help himself. The reason why he is tired is because he micro manages everything. He has to make himself STOP and delegate authority to the right people. He also needs a toxic masculinity class.
Someone offers me $100mil and I turn it down, I'd give myself my own lobotomy.
I'll give a little background from where my (bitter) comments are coming from.If you already have $60M and the company is your passion project?
I am not sure what you mean by that, do you think Linus and his wife has 60 millions aside and a whole company worth 50-100 million over that ?If you already have $60M and the company is your passion project?
If you already have $60M and the company is your passion project?
Let's face it. He had already earned enough that he never needs to worry about money again. He could spend half a million a year for 120 years based on his own personal wealth already as it is, and that is not considering capital gains on his investments which stretch that even further, possibly even indefinitely, depending on the mix of investments and how much he spends.
He can afford to keep his company as what gives him meaning and as a fun project. He doesn't need to sell it.
Besides, money isn't everything. It's difficult to predict how I would personally cave to temptation in that situation, but there is at least a big part of me who would want to continue to insert myself in the scene and make sure there is at least one outlet in which the big brands can't get away with their bullshit propaganda, regardless of the amount of money offered.
If your entire goal in life is just to make enough money to live a life of luxury without any other purpose, then honestly, that is a bit sad.
Principle above all else. If money comes it comes. If it doesn't, oh well.
I am not sure what you mean by that, do you think Linus and his wife has 60 millions aside and a whole company worth 50-100 million over that ?
Of you mean you have a company with only say 20 millions in debt, that is worth say $80m and not a lot of cash to your name
Exactly. He mentioned he has enough money to live in an expensive hotel for the rest of his life, and his kids lives, and his grand kids lives. He can waste money each day and still be fine. With the buy out he would still have to work, but who knows what he would have to do.
Now he steps down as CEO, can do the fun stuff, still be rich and still make money. I am sure even if he is stepping down as CEO his income probably won't change much which I think most people here are overlooking. He is the brand. He might be taking a pay cut, but I assume it is not that big. Because he is the creative lead and what generally brings the business in. He keeps his hobby, his legacy, the fun parts of his job and still probably makes a lot of money.
I'll give a little background from where my (bitter) comments are coming from.
This is coming from someone that sits in an enclosed space with no windows, with three menopausal women for 8h, only to clock out every day, and shovel dirt, move rocks, mow fields, and paint fences for a couple hours. Then to go home, and fix any one of the three shit boxes who's parts have arrived while getting eaten alive by mosquitos. Once that is sorted, get kiddo to bed, then to work on any of the house projects for an hour. Only to wake up and do it all over again. Weekends set aside for larger projects either at my place or any one of the rentals, and larger jobs on vehicles.
So, yes. Someone ever offered me $100mil for my company and I turned it down, I'd be giving myself a lobotomy.
That would be a strange thing to talk about someone net worth and not include a company.My understanding is he has a net worth of about $65M, company ownership excluded.
Yea, I typed that all out when my first comment was a bit more in jest. Kind of rambled on there for a bit.I hear you. I get up for work, work all day, come home, eat dinner, do dishes, try to squeeze in some home improvement and yard work chores and go to bed. Lucky if I squeze in a half an hour of relaxing in front of the TV most days.
I guess my point was, his situation is not ours. He doesn't need the money, he already has it.
I'll give a little background from where my (bitter) comments are coming from.
This is coming from someone that sits in an enclosed space with no windows, with three menopausal women for 8h, only to clock out every day, and shovel dirt, move rocks, mow fields, and paint fences for a couple hours. Then to go home, and fix any one of the three shit boxes who's parts have arrived while getting eaten alive by mosquitos. Once that is sorted, get kiddo to bed, then to work on any of the house projects for an hour. Only to wake up and do it all over again. Weekends set aside for larger projects either at my place or any one of the rentals, and larger jobs on vehicles.
So, yes. Someone ever offered me $100mil for my company and I turned it down, I'd be giving myself a lobotomy.
........someone needs to talk to him about his onscreen
This is strange coming from you..I don't know exactly what you mean about this, but I think his onscreen is brilliant. It's what he does best.
It's refreshing to have someone be honest and upfront about stuff rather than trying to appear all cool and having everything together all the time.
I think it humanizes him, and makes him more likeable and is a huge part of his success.
yea after him ripping off a hardforumer on that Larrabee eBay auction, i can't get behind this guy at allThis is strange coming from you..
This is strange coming from you..
If he sells out for 100+ Million then he could have a potential net worth over 1 Billion for the valuation of his companies and still be on for creating content as “the star”Don't get me wrong. I don't like YouTubers and am not a big viewer of Linus, but I can see what makes him appeal to his audience, and that is something he is very good at, or he would t have made millions doing it.
I'll give a little background from where my (bitter) comments are coming from.
This is coming from someone that sits in an enclosed space with no windows, with three menopausal women for 8h, only to clock out every day, and shovel dirt, move rocks, mow fields, and paint fences for a couple hours. Then to go home, and fix any one of the three shit boxes who's parts have arrived while getting eaten alive by mosquitos. Once that is sorted, get kiddo to bed, then to work on any of the house projects for an hour. Only to wake up and do it all over again. Weekends set aside for larger projects either at my place or any one of the rentals, and larger jobs on vehicles.
So, yes. Someone ever offered me $100mil for my company and I turned it down, I'd be giving myself a lobotomy.
And shit, he already has most of that kind of stuff. I don't know if you watch his channel but his new house while not maybe technically a mansion is huge, has tons of cool high-tech stuff in it (often which was donated free by the companies for advertising) and he owns outright. He actually gets to have "help" with various things just by either hiring his employees to do additional work for him or, more often, having them do it as part of their normal job and making a video of it which then of course brings in more revenue. While he may not have super expensive cars like a Rolls Royce, he has a Porche Taycan, again owned outright.My feeling they reinvest the profit inside the company a lot, could very well have less than 10 million outside of it, which would still way more than enough to not have to work ever again if it is well invested amount, when you do not fly around first class all the time and not care for expensive cars, personal help, mansion, etc....
Hopefully he will still be around to continue giving us the educating tech advice like what is in the video he released today.
Some sarcasm is obvious enough to not need a /s.is that sarcasm? where's the /s
If he sells out for 100+ Million then he could have a potential net worth over 1 Billion for the valuation of his companies and still be on for creating content as “the star”
Examples of overnight billionaire companies:
View attachment 571635
Once Linus catches his breath from stepping back and makes some realizations
Maybe we’ll see a better result than when Tech Report sold out
https://techreport.com/
sad @ clickfarmTechreport didnt sell out, it had reached a point of not being able to keep itself afloat. It had reached the point either close it down permanently, or sell it to a new owner that promised to keep it running. They went with the new owner so it would stay up, unfortunately he ended up turning it into an SEO clickfarm. I think it might have been better to just shut it down.