ANOTHER VShojo Employee CAUGHT DOXXING Talent!

0:00 Okay, so it seems that we got some new information on V Showjo and this time it's to do with their finances. Now, this has been blowing up all over Twitter over the past couple of hours as it seems that we have more of a look into how V Showjo were actually managing a lot of their money and that is one of the big questions that I think a lot of people had was how the hell did they even do this? How the hell did they lose so much money and how much money did they actually lose altogether? We know that they were taking, you know, $500,000 out of charity money from IM Mouse's charity stream, but also we've seen, you know, them taking money out of other YouTubers uh, you know, payments for sponsorships and merch and everything like that. But where was this money going to? What big debt were they trying to fill? Well, let's take a look as there's actually a post from a person called Addison talking about a V Showjo pitch uh which obviously they looked at

0:47 and well it seems like there's some pretty interesting information here and obviously they followed up with a lot of screenshots and obviously we'll read through the TLDDR in one second but as you can see there's stuff like financial pro projections which obviously you can see it's pretty confusing in terms of you know what exactly they mean by all of this as well as even more things like a whole kind of pitch to uh you know how they're going to move forwards. But pretty much the TODR they put here is they describe Gun Run as most well-connected uh with Twitch staff, which obviously, I mean, who's surprised? Let's be honest, Twitch staff have been terrible over the past couple of years, especially towards VTubers as well. So, you know, who's surprised that Gun is uh, you know, well acquainted with a lot of this Twitch staff that, you know, run Twitch so terribly as

1:33 well. And it says also that they lost $2.5 million in 2024. So you can see that this was a long time coming. And obviously you can see as well the fact that you know V Showjo was going down way before any of this kind of stuff actually came out about the whole IM situation and any of the videos that she made or any of the stuff that we've seen coming out about this situation in general. As you can see, you know, they lost $2.5 million last year, which I think, you know, would have been a pretty decent basis to just shut down the company then and there. But obviously, they tried to pump every last little bit out of it and tried to, you know, tried to make it work. But let's be real, they should have just accepted that it was failing and that, you know, they couldn't really do much about it.

2:18 But essentially, they go on to say even with aggressive growth, uh, they'd still not turn a profit. Uh this includes plans to license out license out IP. Uh they say uses the fact that they raised over uh 1 million mm. I'm not sure what that means or unless they mean 1 million something or other for charity uh to attract investment. Uh unable to confirm if this includes the 500,000 that was unpaid. That would be kind of crazy if they were uh you know pointing out the fact that they've raised a lot of money for charity and everything like that, but they were actually just stealing the money for charity at the same time or advertising it to investors. That's absolutely crazy if they are and obviously very very scummy. They said they got 10 talent managers. Their salaries are included uh within Cog's cost of goods sold. Uh they say 20 to 30

3:03 employees. Claims IP licensing will bring in 2.1 million. We have nothing to back up the number. Uh initially contained IRL photos of V Showjo talent which we've now redacted. Uh so yeah, obviously they have some IRL photos of the people as well which is kind of crazy. Obviously, yeah, they've redacted some of the uh kind of images and text here as well. As you can see, this this is some of the pitch stuff and this is what they're going to be showing to investors and to people interested in the company and uh interested in V Showjo moving forwards. And yeah, you can see here, you know, uh this is just a little bit of a past of Gun, the uh founder of V Showjo, the one who wrote that really terrible uh kind of apology uh that everyone's seen. It's on 34 million views at the moment. Obviously, he started off as a top esports streamer, then went to an employee at

3:49 Twitch or employee number two at Twitch. Uh they say establishing IRL streaming in 2016. Then they left Twitch to live in Japan. Uh launched Project Melody on Twitch, which obviously, yeah, was the whole Melody stuff. And then they eventually launched V Showjo as a whole. And then obviously, yeah, the team of leadership you can see here is Justin, who is obviously Gun. We've got Eric who is chief of staff. again, haven't really seen much about him included in this kind of stuff. And also, Alex Kioshi, who is the director of the Showjo Japan talent, which we do have a response from, by the way. Uh, which yeah, it's pretty crazy. Uh, they say 10 talent managers across the US and Japan and yeah, global presence, team members in US, Canada, Japan, and Philippines. Uh, they say milestones, they made a certain

4:35 amount of revenue just from game skins in uh, Smite. Uh they also uh IMAS beats the record for top subscribed Twitch streamer and IMAS wins content creator of the year. And obviously it's very sad to see as well the fact that they're including IMA so much in this uh kind of little presentation here and they've gone ahead and screwed her over so massively uh especially while using her likeness and using the you know her success and everything on that like that to push their company so so far forwards and this is how you repay her. I mean it's crazy you know. Uh, obviously we keep on going as well. They're saying we're number one outside of Japan. Thanks to our history and trust in the industry along with a selection of very talented creators. We've solved the cold start problem to becoming a major creator brand. We command the same level of brand recognition as hol life and

5:22 niji sanji in the west. Obviously, yes, they've got 10,000 applicants for Vojo. Vojo's talents have raised over 1 mm in donations uh various charities. is obviously, as you can see here, Iron Mouse. It's an Iron Mouse tweet saying, "Thank you for raising money uh for the IDF." I think that is actually. Oh no, I can't tell. Uh yeah, it's for the IDF, obviously, for the Throne of Heresy, which again, we all know that they stole the money for. I'm not sure about that particular stream, but we know it was for a previous Sabbathon, which they stole the money. They said they got Vojo Cosplayers at every convention and also they got some car wraps and stuff as well. uh which yeah, you know, this is pretty much what they were showing off to investors. They also said uh you know, they talked about competitive advantage and the fact that they're bilingual, multicultural teams. Uh they

6:07 got a lot of really interesting tech as well. Uh you know, competitive advantage, strong brand identity, talent first approach, which I don't know if you'd really call it a talent first approach if you're kind of taking 60% of their money. Uh you know, I don't think that's really talent uh you know, I don't think that's talent first. They're saying IP licensing and high value sponsorships offer a strong growth path, especially as new partnerships take uh place. Yeah, they say creator friendly contracts give VHO a competitive advantage. They're not very creative friendly and we've seen the contracts. We know what's going behind that. So obviously they were just straight up lying to investors there. We've seen the 60%. We've seen a lot of the members saying that they had to pay 60% of a lot of stuff. Uh which is crazy. You know, they got sponsorships with G-Fuel merchandising, you know, IP licensing

6:55 said untapped potential exploring game licensing and other IP opportunities uh which again is apparently going to take a significant contribution uh to 2025 revenue with higher uh take rates 8020 split with our talents which again yeah is crazy. There was that whole growth strategy as well uh of you know planning to expand the company further. Obviously we know that isn't going to happen anymore. Uh they also say you know the expansion of sponsorships and licensing uh as well merchandising oper you know they're just kind of listing off what they plan to do in the future. They say more specifics because some people got confused. The doxing is in the photos of the Nova idols IRL. There are no names or anything but there are photos of the idols IRL. I'm guessing they mean in this one. I'm not exactly sure what they mean here. Or is it the dogs? Oh, it

7:41 might be these I think. Oh wait. Oh no. There were dogs in the town here. Okay. So, these apparently were images of the the I don't know why you'd even I I don't get why you'd include that in a in a contract, but that's or not a contract, sorry, in a kind of uh you know, investors thing. It makes no difference if you see their face or not. Again, maybe they wanted to show off the fact that, you know, they're real people or something, but even then, I don't really understand it unless they gave them permission, but again, I don't know if they did give them permission. I mean, you know, there hasn't been any kind of mention of that. But also yeah uh they say there are no names or anything but just IRL things. Apparently some people were dogging on Alex or something like that. Uh and then they also have a statement from Alex about V Showjo and the pitch deck. They say over the past years uh over the past year Vojo has faced an extremely challenging

8:27 situation involving mismanagement from upper management which only came to light just before it closure. It has now officially been announced that Vishojo has ceased operations. Taking this opportunity, I'd like to finally speak publicly about my experiences at Vishojo and my prior role at cover. Um this uh post addresses the misunderstandings of rumors uh stemming from leaked pitch documents created by Vojo's US team which has been circulating online recently. This document has led to the incorrect uh perceptions of my role and involvement. The entertainment industry thrives on trust and I deeply regret not only that vojo has lost the trust of its talents and staff but also my name has been misrepresented in a manner inconsistent with the facts. First let me clarify my role at cover corporation. I served as an advisor and in business

9:13 planning at cover as accurately reflected on my LinkedIn profile. Uh this can be verified by cover's executives team members or the talents themselves. However, for some reason Vishojo's materials referred to me as a Gen One director, which is factually incorrect. Oh, okay. So, he doesn't actually have that much to do with Vojo. I'm guessing they're saying this misinformation is also led to confusion with Omega, a figure who is publicly disliked with by some talent at the time. In reality, my role was to address the root of the issue and I was the one who led the effort to remove Omega. When I joined cover, my primary mission was to identify and resolve within the overseas teams. Uh later I collaborated with the CEO and CFO on strategic uh strategic uh planning for IPO preparations, addressing challenges in

9:58 ENID uh teams and uh establishing an international business division for global expansion. uh even after uh the IPO I continued to support the overseas division as an adviser. Uh during my three years at cover while working on various large scale projects I faced a significant decision whether to relocate to the US for establishment of a new uh new brand or to uh choose a different path. At that time I received an offer from V Showjo that allowed me to stay in Japan and due to personal circumstances I chose option. Regrettably that decision turned out to be a significant mistake. That said, working with V Showjo Japan's team was an incredibly meaningful and proud experience. Despite being a small team, we operated with high efficiency uh generated pro uh profits and successfully launched a new VTuber group, Nova. Although the company

10:44 no longer exists, I along with the former Japan staff amy committed to supporting Nova and the Japanese-based talents so they can continue their activities. Okay, so maybe they got some kind of plan for Nova and some of the JP uh people going forwards, maybe uh you know, outside of Vshojo. I'm not sure. And that's even if they want to, you know, obviously they might be kind of stirred up from a lot of this stuff going on. They said the events that affected V Showjo talents, including Iron Miles, came as a major shock to the Japan team as well. We were completely unaware of the internal situation until recently. Again, a much better response than Gunrun's response already. They've kind of acknowledged the fact that went on what went on with IMAS. Financial management was entirely controlled by the US headquarters and neither the Japan branch president nor I was informed that payments to the Japan-based talents were outstanding. We're deeply frustrated that such a

11:30 decision was made uh despite the ability to make those payments which is definitely interesting. Again, I don't know how they would have no uh kind of look at you know whether they weren't getting paid or not. I mean maybe that is just due to how vodra is run and they didn't let them look at anything any of the JP uh kind of people look at any of the payment stuff. Maybe that is just how the company is run. So that's why they didn't see it. But again, it's kind of hard to believe that, you know, they didn't see any of that kind of stuff and that the talent weren't like surely the talent would have told them as well. I'm not sure. But again, uh yeah, we don't really know. Obviously, the interviewer case on as well, uh you know, she was even asking for her money then like literally right then and there on the stream and they tried to avoid that. So, you know, definitely take a lot of that with a grain of salt. They said, "I initially joined VoJojo to assist with fundraising efforts, but during investment negotiations, I grew

12:16 suspicious when critical financial documents were not provided by upper management. In hindsight, I now understand this was all intentionally concealed. Uh, from early on, there were numerous concerns about the company's management and the Japan uh the Japan branch president and I were exploring the possibility of operational separation, but it was already too late. I feel a profound disappointment regarding the series of events of Vojo. At the same time, I'll continue to provide as much support as possible to ensure that former talents can continue their activities with peace of mind. Thank you for reading this to the end. Please feel free to reach out with any questions or concerns. Sincerely, Alex Kioshi. So, yeah, a very interesting response there obviously about the pitch deck. You know, a lot of people have been talking about this in the comments as well. People cla I don't know why they're saying that. Saying uh just as the deck misrepresented Alex, no one

13:02 should be using certain past life information to shield their talents. They aren't using their names for a reason. They chose to be a VTuber for a reason. It said, "I don't know if we'll see more statements like this for maybe trying to save their her own ass to a lawsuit, which yeah, I think it's very interesting. I don't know uh, you know, what the overall opinion is on this. I mean, it definitely clears up a lot of stuff. Again, I don't think Alex Kyoshi is like the worst person in the world or anything. I mean, they've cleared up their kind of end of the story, and if you know, that is true, then I think they haven't done too much wrong there. Obviously, maybe they should have investigated more of the uh mispayments and stuff uh a little bit better, but obviously that is just his side of the story and what was understood from this. But yeah, I mean obviously as you can tell the main kind of facts to take away from this is the fact that Vojo was dying even a couple of years ago and

13:48 even last year in 2024 where they lost $2.5 million. So it's already a sinking ship for a very long time. They also doxed some of their uh own talent to uh investors which is pretty crazy as well. I mean you know that is literally the staff themselves doing that not just some random stuff. You know obviously we covered the staff member that was going around doing that before but now this is them actually using it as a company uh kind of asset I guess. Uh but again we don't know if that was uh kind of you know signed off on whether the talent knew that they were being included in that. I don't know. Uh but again they didn't really mention that. And yeah, I mean it just sucks overall. And yeah, we have that obviously response from Alex there. But yeah, if you guys do enjoy this video, don't forget to leave a like and subscribe. That is pretty much all there is on this situation in terms of

14:33 the kind of financial side of things and you know where things stand with that and how V Showjo was doing a little bit before all of this kind of kicked off. I thought it was very interesting. I just wanted to share share it with you guys. So yeah, let me know down in the comments what you guys think about this situation because again, it is pretty crazy. And as I said, go leave a like, subscribe, go to Game Subs, use my code Kaza, get 10% off. Again, they got a ton of really cool stuff over there. I definitely recommend checking it out. And yeah, I'll see you guys in the next round. That's all.