VTuber agency VShojo shuts down after talent exodus

VShojo, a prominent VTuber agency, is shutting down after a mass exodus of its top talent, including Ironmouse, who claimed unpaid funds, including a $500,000 charity donation. The agency's CEO, Justin "Gunrun" Ignacio, took full responsibility for the decisions that led to this situation. Ignacio acknowledged that the company had raised around $11 million to pursue a "talent-first" approach in VTubing, prioritizing creators and community over short-term profits. However, the business failed to generate the necessary revenue to sustain this model, and eventually, the company ran out of money. Additionally, Ignacio admitted that some of the money spent by the company was raised in connection with talent activity, which was intended for a charitable initiative. Despite efforts to raise additional investment capital to cover the costs, the company was unsuccessful in its fundraising efforts. The closure of VShojo has left many talents, staff, and community members who believed in the brand deeply affected. Ignacio expressed his regret and took full responsibility for the decisions that led to this unfortunate outcome.