N't buy this youtube channel. I don't know what that is this youtuber has has already raised a hundred thousand dollars from his fans by selling his youtube channel. It's turning out to be a huge scam and i'm here to tell you why let me start by saying. I'm a fan of this youtube channel.

Which kind of makes this a bit of a weird story because i've reached out to them in the past. And said. How much i like their work. It's a channel called disrupt who you may have come across they have 14.

Million subscribers and their creator jack documentaries these are good videos. Though i enjoy them viruses to hackers and if you're a nerd. It's pretty great stuff. But today jack posted something different from his normal videos.

He's selling his channel. I am selling this channel well a portion of it because a change is coming path. A and path b path. A.

I believe is the best option. This is the equity crowdfunding path. What this means that right now at this present moment you can own a portion of disrupt for a minimum of 100 you will receive 23 shares of the disrupt corporation in return you'll get a percentage of the net profit that this channel makes every single year. So right from the start this sounds pretty interesting right you invest a hundred dollars you get a portion of a youtube channel.

It's sort of like buying a business and it's sort of like supporting a creator that you like you might be tempted to think. It's the best of both worlds. I mean just listen to all the cool stuff. He plans to use the money for and in return.

My team. And i will use that capital to expand the disrupt operation and bring you feature like films shows and virtual reality content. It's a compelling pitch. What you're making money everybody says something like this i always wonder what kind of agents.

Do these guys have right that sell them or that that um that make them envision these grand plans. I don't i wonder what kind of people do they work with that come up with these insane schemes. He's going to spend your investment on that is not his idea right that's a question does mention a second path. If he doesn't raise the full amount.

But he pretty quickly labels that a bad idea path b. Is the path that will have to go down. If we do not reach it i want to offload blame. Most ideas.

I would assume the vast majority of bad things or bad ideas people come up with okay are are things that their agent brings them or some schemes. Their agents uh uh come up with okay that was all about goal by the deadline. This would mean a complete restructuring of the internal operations here and disrupt this path is not ideal. So if you want to secure the future of the disrupt down path.

A please consider investing now. This is where the first cracks in his story. Start to show. He never tells us what i mean by ones you come up with on your own okay well.

I mean. That's i think that i mean. That is that's not enough that's something wrong okay imagine showing me not to do steak and gamble at all and they didn't uh. They they told me not to do it like path fee is or why he'd have to do that that was my own idea in fact.

My engines are really good kind of does this weird appeal of both hey on the one hand. This is a really serious investment and on the other hand. If you don't invest as a fan your favorite channel could die. Which is really weird.

But you might not notice it watching the rest of it you might get scratched away by beautiful graphics. Which sort of serve as an advertisement for what you're going to get if you help invest in the channel. But things really go sour. When we actually go to invest and we go to the website.

He doesn't know because that's what we learn let's start with the amount. He's raising five hundred thousand dollars for ten percent of his channel. The website claims that disrupt is valuing themselves at ten point seven million dollars. That's what they're claiming a hundred percent of their company is worth now.

This is absolutely insane. I own a channel of a similar size and there's no way right you could argue my channel is worth 10 million 10 million 10 million dollars. Okay well technically if you ignore the ten million dollars. I mean one mill yeah.

I mean. It's not my youtube channel by itself is worth 10 million. Okay. I guess.

That's what i'm trying to say and that's how i know that his isn't either and when you check his financials. This actually becomes even more clear. Because you might have been wondering this whole time. Why is he raising five hundred thousand dollars.

Specifically at such an insane valuation. Well it has something to do with the fact. I think that he's 500 thousand dollars in debt call. It a crazy hunch uh.

But i found this fact out at the bottom of his financial document. All the way down all 14 pages down the very last line. You will see this disrupt owes 466. Thousand dollars and they also owe attorney fees.

So basically they owe power that's what they say aka all of it to pay off the debts. So for those of you who have been paying attention wait how wait how can i don't get that how in front of films forget about the metaverse forget about virtual reality your money is going off to pay jack's debt. And he's trying to sell all of this to you as if it's some shiny turd straight from mark zuckerberg's metaverse and it's worth 500 000. But it isn't and here's the thing it gets even worse because wait till.

You hear how he got in debt in the first place because it turns out that jack had a co founder this whole time of disrupt who owned 50 of the company and one day. Jack decides he's going to buy him out of his 50 for wait for it five hundred thousand dollars. So yes you're hearing this right he bought out fifty percent of disrupt for five hundred thousand dollars. And then is selling his fans ten percent for the same 500 000.

Because he can't afford the quarterly payments. Obviously because he overpaid for it which is very ironic and in all this he tries to pretend it's about the metaverse and hides the actual financial truth at the bottom of his disclosure and by the way that disclosure that i'm telling you guys about the really important one um. It's not in his video. That's twisted as far as actually at the very bottom of his crowdfunding website.

So all you have to do to learn about the super. Important fact is go into the link scroll to the very bottom get that document go to the very bottom of that document and finally you could learn the truth guys are you not seeing how big of a scam. This is i mean to be clear. I have no problem if people want to crowdfund for really anything as long as they're honest.

If he told people hey. I'm in debt and i'm trying to raise money for it i ain't got no problem yeah. No no yeah. But if you did that people would donate like like maybe like 9 000.

10k total. I would say he doesn't tell you that because of obviously you're not going to spend money on his bad financial decisions. You're going to spend money if you think you're building the future and you think you're getting rich which i guess you are building the future. But it's just it's just jack's future which you know is different.

I did reach out to disrupt context. So far i've gotten no response. But on discord. He has been answering some questions so i want to go over that apparently the full story is that jack says that his co owner originally bought disrupt 50 of it anyways for ten thousand dollars.

A while ago and jack seems to have done most of the work in the interim this co founder then turned into some super gary v. Villain and wanted to turn everything into nfts and sell crypto coins and jack was against it because he didn't want you investing in bad financial decisions. Um. And so he wanted a buyout and he got about for 500 000.

But it's here where things start to get complicated because when jack started throwing his partner under the bus as some nft super villain. His partner decided to climb from underneath. It and clear his name he jumped in the discord and started disproving. The claims.

One by one starting with crypto. He says hi there i am the partner with significant creative differences spoiler. There was mention of a disrupt crypto coin or slinging nfts. I think that's a misguided interpretation of my vision and that's not the only thing that might be untrue remember jack said that his partner only invested 10k.

But it turns out it was a lot more than that quote. I invested a lot more than 10k into disrupt that is another point that requires clarification 10k was initial bankroll. But the major investment came from three years of salaries being paid overhead rent for office space studio equipment etc. We later learned that he probably invested around two hundred thousand dollars.

Because he says the 500k buyout was a little over a 2x on his investment. Which he rightfully points out is a terrible return on a youtube channel investment where mostly your dollars would go to zero. So it turns out jack's co founder isn't some predatory lending super villain nor was it true. When jack said.

That his co founder. Even asked for the buyout or set. The conditions quote just as another note. I never wanted to sell my stake in the company.

Jack offered the valuation. I did not set it there that was his offer that i accepted in an effort to resolve. Amicably um. Jack has said directly in a follow up video that he did after i reached out to him.

He said. His co founder is the one who set the price this is where the 466 thousand dollars of debt can be seen on our financials. This is what the prior member has set their price at in order to depart from disrupt. So who's telling the truth here well it looks like it's not jack because recently.

He's deleted. His comments saying his co founder only put it but who cares though if there's a discussion and if that's the question. He says hey man. I'll give you uh you found a kid.

The other guy says yes or like oh. He sets the price at. I mean the prices that both agreed on it's a price that they agree on i feel like okay. No and then that works at the price instead.

He changed it to this surprise. They agree on the previously titled. He may if he gives the price too high because he's dumb he's just dumb. It's still the price they agree on that's how business works okay something's worth the value when he thinks it's this they offer something agrees on then they agree as a whole not one they agree on a price boom.

This is like the basis of business message in 2017. A co founder and i started disrupt as an llc in 2021. We settled on a buyout. Agreement now what i find crazy about this is that while changing his story jack doesn't acknowledge what he's changing here.

Because remember we've gone from the co founder is a villainous nft huckster. Who bought his company for ten thousand dollars. And demanded a buyout for 500k now it's looking like his co founder invested 200 000. Didn't push nfts and didn't even want to be bought out and look.

I'm not here to settle. Who's right in their business. Disagreements. I i just don't even care.

I'm just here to point out that jack is disguising his business problems as financial opportunities. Which they're not and when he gets caught. He continues to lie and throws. His co founder out of the bus when it just seems like they basically have creative differences.

I don't know it just seems. Like jack is acting like all these delusional people who go on shark tank. With five dollars in sales. And are seeking a million dollars for one percent of their company.

Except for the fact instead of pitching to mark cuban. He's pitching to his fans who might not know why it's a bad investment because he's deliberately hid it from them. But luckily people are finally figuring out what he did and he's rightfully just ripped apart by his audience for it and that's kind of the good news. That he's unlikely to reach his goal and the other good news is that plan b isn't that big of a deal.

The co founder would get 51 percent of the company and it seems like he doesn't want to do that much different jack would continue producing okay with this video. It was a good video fans don't lose it and that's okay i just like uh one thing that i think is kind of weird. Though is this discord message or whatever right okay okay yeah. I think that is the misguided is in the potential of my vision.

So i feel like his vision had still had krypto and if he's part of it because if i if i never mentioned nft or crypto. I would have said that's stupid what a what a delusional thing. I don't i never said that but then he doesn't say that he just says. That's a misinterpretation of my vision.

Which still feels like it was probably gonna involve some sort of nft crypto whatever the that's it that's this this is not some black and white at all it seems like a gray area thing which i still think it's kind of weird nfts. I think neither of those are my vision for the company. But i also do strongly believe in that that's a misguided interpretation of my vision stupid drama for no reason jack decided to swindle his fans out of 500k. Because he didn't like his co founder.

I think there should be a rule when you post discord logs. Okay as proof of anything okay one message you you you shouldn't show one message. You should there should be some golden roll. You show the 10 messages.

Previous or after discord logs that should be the golden standard across the board. Okay don't show logs and usually show the whole screen. It's there's no point man it's so stupid bro um.