>>27693863>It's a tale that's insanely common in tech, which is probably the most comparable field. I completely agree, especially because their investors' history is mostly in the recent tech wave. My instinct is that this is a bad fit, but it greatly depends on the investors' expectations. If they expect a multiple similar to investing in a dominant player of a new SaaS segment, I don't see how VShojo gets that high. But then again, I'm not in their vertical, so just because I don't see it doesn't mean shit.
I want to believe that an intelligent investor would base their expectations of VShojo by blending in the model of other entertainment companies, and not just assume tech-adjacency means tech-like financial models. But who knows what VShojo's sold them on?
>but saying "as long as the investors stay happy and you meet your projections you're free" is like saying as long as you don't get hurt you don't need insuranceIt's not a perfect metaphor but I understand what you are going for.
Where it isn't perfect is this: capital enables you to do things you couldn't before, but comes with risks. Insurance is a hedge against risk, but doesn't enable you to do things you could not before. You can lack health insurance and still going skiing, even if it's dumb to. You can't run a $1MM marketing strategy if you don't have a million dollars. So you accept the additional risk that comes with capital, in order to enable a capability that you didn't have before.
>>27693947>[expectations] in the field of vtubing kinda like the [expectations] that were had for blockchain?I can't speak universally, but I certainly don't get that sense. Most "blockchain" businesses were a way to keep the gravy train rolling for the owners of the underlying crypto assets, as
>>27694240 said. A content-based or talent-based business has a different value proposition than just "(1) We use blockchain instead of a database, (2) ???, (3) PROFIT!!"
Investor FOMO is real, hype happens, but most institutional investors should be able to identify the vast distinction. Even if 10 more vtuber agencies were to raise venture capital, that doesn't even begin to approximate the huge numbers and runaway valuations that you saw in 2017-2018 in "blockchain" companies.
