"We raised around $11 million to pursue a bold, talent-first approach in VTubing. However, despite all our efforts, the business failed to generate the revenue we needed to sustain that model, and eventually, we ran out of money."
Vtuber CEO Admits To Spending Charity Money As Agency Implodes
Justin "Gunrun" Ignacio acknowledged that some of the money spent by VShojo was raised for charitable initiatives. He stated he believed fundraising would cover all expenses but was unsuccessful.
