>>6113764I'd definitely say that Tsunderia, Prism Project, and Phase Connect definitely have the best legs to stand on outside of the big 3, but beyond that, I don't really know if it's truly sustainable. Prism Project seems to be profitable and does well despite having a very niche audience, so I'm guessing overhead isn't a very big concern.
I mean, realistically, most agency start-ups seem to be really straightforward in its execution. All it takes is one guy, start-up costing under $50k for rigging / art / etc., auditions, boom, agency where the girls stream when they're not working at their regular job or in school, take a small overhead fee, owner gets a cut of profits and no middle management to take profits away. I'd even argue that these small agencies, no matter how shady they may be, are infinitely more preferable than starting as a 2view, because even streaming to an audience of ~100 - 200 people is enough to build off of for a launching pad. Not to mention, the vtubers would have others in the same boat as them, which makes it easier to network and support one another. Starting as a true indie is really difficult, because even the most famous ones generally are affiliated with agencies or frequently collab with them to begin with. Just take a look at the vtuber tag on Twitch, there's literally hundreds of unaffiliated, agency-less vtubers with <10 viewers at any given time and I can guarantee that they definitely want to angle at getting into the graces of any agency, no matter how no-name they may be.