'You did not deserve this' says CEO Gunrun, announcing 'VShojo is shutting down' and taking full responsibility for collapse
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In it, he explicitly stated that the agency's talent did not deserve it. He took on the blame for the failure of the company and all its financial concerns. The closure, after weeks of tensions, high-profile departures and unpaid dues, marks the end of an ambitious yet flawed venture.
Justin 'Gunrun' Ignacio takes complete blame for VShojo's demise
In a public admission, the CEO and co-founder of VShojo, Justin Gunrun Ignacio, popularly known as Gunrun, declared an immediate termination of the agency. His message was full of personal responsibility. He unequivocally stated,
"VShojo has failed, and I've mismanaged the company into the situation you're all witnessing.'
He further took
"full responsibility for the decisions that led us to this point."
As per his statement, despite efforts to secure funding, the financial state of the company worsened, leaving talents unpaid and the projects abandoned. He acknowledged,
"We are in a worse position, and those I care about are now paying the price,"
expressing regret for the impact on those who were caught under the situation's impact.
In Justin Ignacio's statement, the most heartbreaking line was,
'You did not deserve this.'
He directed it to all VTubers, staff members and fans who believed in the vision of VShojo. His post by no means backed off from taking accountability. However, for many, this apology from his end came too late.
VShojo financial mismanagement , charity funds controversy and more
It was clearly disclosed by Ignacio that VShojo was able to raise approximately. $11 million while championing the
"talent-first approach."
The model helped give priority to creators via significant splits in revenue, investments within events and debuts.
Tired of too many ads? go ad free now
It quite crucially, allowed the talents to retain the ownership of their IP. Despite all, as admitted by Ignacio, such a high-support structure proved to be financially unsustainable, as they were not able to generate enough revenue. It ultimately drained resources, entirely.
The CEO's statement even addressed a critical controversy, which was related to the talent that raised funds for the charity's alleged misuse. Ignacio ensured to acknowledge that the company spent funds
"in connection with talent activity,"
which later they got to know was for a charitable initiative. As per his claims, he believed that fundraising would cover the costs, but the efforts failed. It directly follows the allegations made by Ironmouse, the former talent, about a missing $515,000 donation, which was meant for the Immune Deficiency Foundation.
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The virtual talent agency VShojo is shutting down. Its CEO and co-founder, Justin 'Gunrun' Ignacio, after the long ongoing controversy, has finally delivered a raw and emotional statement, announcing the agency's closure. Tired of too many ads? go ad free now In it, he explicitly stated that the agency's talent did not deserve it. He took on the blame for the failure of the company and all its financial concerns. The closure, after weeks of tensions, high-profile departures and unpaid dues, marks the end of an ambitious yet flawed venture. Justin 'Gunrun' Ignacio takes complete blame for VShojo's demise In a public admission, the CEO and co-founder of VShojo, Justin Gunrun Ignacio, popularly known as Gunrun, declared an immediate termination of the agency. His message was full of personal responsibility. He unequivocally stated, "VShojo has failed, and I've mismanaged the company into the situation you're all witnessing.' He further took "full responsibility for the decisions that led us to this point." As per his statement, despite efforts to secure funding, the financial state of the company worsened, leaving talents unpaid and the projects abandoned. He acknowledged, "We are in a worse position, and those I care about are now paying the price," expressing regret for the impact on those who were caught under the situation's impact. In Justin Ignacio's statement, the most heartbreaking line was, 'You did not deserve this.' He directed it to all VTubers, staff members and fans who believed in the vision of VShojo. His post by no means backed off from taking accountability. However, for many, this apology from his end came too late. VShojo financial mismanagement , charity funds controversy and more It was clearly disclosed by Ignacio that VShojo was able to raise approximately. $11 million while championing the "talent-first approach." The model helped give priority to creators via significant splits in revenue, investments within events and debuts. Tired of too many ads? go ad free now It quite crucially, allowed the talents to retain the ownership of their IP. Despite all, as admitted by Ignacio, such a high-support structure proved to be financially unsustainable, as they were not able to generate enough revenue. It ultimately drained resources, entirely. The CEO's statement even addressed a critical controversy, which was related to the talent that raised funds for the charity's alleged misuse. Ignacio ensured to acknowledge that the company spent funds "in connection with talent activity," which later they got to know was for a charitable initiative. As per his claims, he believed that fundraising would cover the costs, but the efforts failed. It directly follows the allegations made by Ironmouse, the former talent, about a missing $515,000 donation, which was meant for the Immune Deficiency Foundation.
