VShojo, the VTuber company that billed itself as “expertise first,” is shutting down. VShojo CEO Justin “Gunrun” Ignacio made the announcement in the present day on X writing, “I take full duty for the selections that led us up to now.”
Earlier this week, VShojo got here below fireplace as Ironmouse, the company’s prime performing VTuber, introduced she was leaving the corporate over a lacking $500k charity donation and her personal unpaid funds. Her departure triggered a mass exodus of VShojo expertise, with 12 of the corporate’s 13 creators formally saying their very own cut up from the corporate with some additionally claiming unpaid wages as their cause. Ignacio’s announcement alluded to VShojo’s monetary difficulties.
“We raised round $11 million to pursue a daring, talent-first method in VTubing,” the assertion learn. “Nevertheless, regardless of all our efforts, the enterprise didn’t generate the income we would have liked to maintain that mannequin, and finally, we ran out of cash.”
Ignacio additionally admitted that the funds raised by Ironmouse and meant for the Immune Deficiency Basis had been spent by the corporate: “Moreover I acknowledge that a few of the cash spent by the corporate was raised in reference to expertise exercise which I later realized was meant for a charitable initiative.” Ignacio went on to write down that he was assured that he’d be capable of elevate sufficient cash to cowl these prices. “We have been unsuccessful in our fundraising efforts.”
Right here’s the assertion in full.
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