Yoinked
<Okay, here's the official content of everything said during Gunrun's personal bankruptcy MoC. I was not allowed to record it as it is against US law, even if the meeting itself was technically open to the public, so this is merely a transcript.
>Justin formally ceased working for Vshojo July 25th
>Claims VShojo's failure was because of a lack of profitability
>Currently Disolving Vshojo
>Talks about why they were different
>Claims that their lack of assets to sell (IP)s means VShojo is now formally worthless
>Claims that the lack of IP-rights made it hard to bargain for better contracts with talents
>Claims that VShojo's main income source was merchandising and sponsorship revenue
>Claims their cuts (and indirectly implies the lack of a capacity for bargaining) made it hard to maintain profitability. Thus weren't able to be a traditional agency (no mentions of matters of efficiency)
>Trustee gets a bit confused regarding timings and asks whether Gunrun had posted about looking for more funds in July on X/Twitter. Gunrun responds that they were trying to fundraise prior to that but were unsucessful during that period.
>Were looking for venture capital.
>Had raised north of 10 million dollars in total. Claims the funds were used for maintaining business operations, marketing, and also mentions hiring engineeers for a platform they never launched.
>When asked, Justin claims they had exactly 1 engineer at the highest point, as well as a couple of designers and a designer firm. It is unclear whether he meant this for the whole company, or simply for the platform.
>Last successful round of funding was Feb 2022.
>Lacks specific numbers for how much of the money went to the content creators, but he says "we did invest in our content creators".
>Claims there are no personal liabilities for the money that was raised.
>When asked regarding whether any of the seed money was sent to charities: "In previous years there was an amount on behalf of one of our talents that was transferred to a charity."
>Asked about specific number that was transferred, but doesn't have it directly available.
>No other business involvements.
>Is personally aware of everything he has signed off on, with no known omissions.
>Claims all assets and creditors are mentioned.
>The trustee (seemingly sceptically in a way that wasn't asked to previous people in the meeting) asks why he filed the bankruptcy: Gunrun reads off of a pre-made document on his side and stutters a bit "I don't have funds, I am unable to pay my creditors" (the banks)
>When asked standard questions regarding any fund transfers of which he denies, there is a possibility he might have reconsidered his answer but ultimately said no to whether he was owed money for something such as lawsuits, but I can't quite tell for sure.
>No creditors present for questioning. It seems Gunrun expected as much by the look on his face.
>Important: Trustee decided not to conclude the matter of Gunrun's bankruptcy but I'm not read up enough to know why, but I know it did not happen to the previous people booked for that meeting.