Don't Buy This Youtube Channel

Summary by Krater

An analysis of the YouTube channel Disrupt's equity crowdfunding campaign, revealing that the creator Jak is selling shares to his fans while hiding a company debt of $466,179 and a history of buying out his co-founder for $500,000.

From the video

Answers: Is the YouTube channel Disrupt's equity crowdfunding campaign a scam?

• equity crowdfunding
• startup valuation
• company debt
• co-founder buyout
• financial disclosure

What it concludes

• Disrupt owes $466,179.87 on a Promissory Note to a prior member of the company.
• Jak bought out his co-founder's 50% ownership in Disrupt for $500,000.
• Jak is selling 10% of the company to fans for $500,000 to pay off debts he incurred by overpaying for his co-founder's stake.
• The co-founder originally invested only $10,000 and later estimated his total investment including salaries around $200,000.
• Jak is disguising his company's financial problems and debt as a financial opportunity for fans.