Timestamps: 00:00-10:29 Pre-Show Yapping 10:30-14:21 Disclaimers & Definitions 14:22-37:38 Kizuna Ai's Rise & How Investors See VTubing 37:39-50:16 Explaining How (& Why) Audiences Become Attached to VTubers 50:17-1:07:54 A Brief Recount of the 'Multiple Ai' Controversy 1:07:55-1:11:32 The Lessons Learned from Activ8's Decline 1:11:33-1:24:05 A Reminder of What NEXAS Was (& Armcha1r's Assessment of It) 1:24:06-1:29:00 The Inception of NEXAS & forCreators Pte. Ltd. 1:29:01-1:43:27 Digging Into the Past of NEXAS' Founder (Harry So) 1:43:28-1:50:12 Explaining the Difference Between 'Press Releases' & 'Backgrounders' 1:50:13-2:06:44 Red Flags Among NEXAS' Angel Investors 2:06:45-2:07:39 VTuber Startup Red Flag #1 2:07:40-2:13:37 An Overview of NEXAS' Other (Named) Angel Investors 2:13:38-2:27:21 Dissecting the Use of Framing in Press Releases 2:27:22-2:28:54 Ask VTuber Corpo CEOs Who Their Oshi Is 2:28:55-2:31:42 VTuber Startup Red Flag #2 2:31:43-2:35:28 What Techbros Don't Understand About Running a VTuber Agency 2:35:29-2:45:32 Dissecting NEXAS' Pre-Launch Backgrounder (& How Harry Skinwalked Being a VTuber Fan) 2:45:33-2:47:50 VTuber Startup Red Flag #3 2:47:51-2:51:37 NEXAS' "Academia" Metaphor 2:51:37-2:53:09 VTuber Startup Red Flag #4 2:53:10-2:57:31 Why NEXAS' "Academia" Metaphor Doesn't Work 2:57:32-3:04:22 Harry's & the Numbers 3:04:23-3:06:18 VTuber Startup Red Flag #5 3:06:19-3:09:55 Dissecting NEXAS' Final Backgrounder (What is "Virtual Talent Academia"?) 3:09:56-3:24:17 Harry's Mangled Explanation of How Content (Streaming) Platforms Work 3:24:18-3:27:14 VTuber Startup Red Flag #6 3:27:15-3:27:21 "It's a Spray n' Pray-type business model that revolves around preying on people's dreams." 3:28:08-3:48:46 Harry's Mischaracterisation of External Competition & 'Sustainability' in the VTubing Industry 3:48:47-3:49:45 Harry's 3 Problems: Summarised 3:49:46-4:11:25 Harry's "Solutions": Anilive 4:11:26-4:19:04 Harry's "Solutions": Doing Away with 'Traditional' Agency Models 4:19:05-4:20:21 NEXAS illiterature 4:20:22-4:21:06 VTuber Startup Red Flag #7 4:21:07-4:32:11 Harry's "Solutions": Doing Away with 'Traditional' Agency Models (Cont.) 4:32:12-4:38:18 The One Redeeming Quality of NEXAS' Business Model 4:38:19-5:00:22 How Euphemisms are Used in Marketing to Mask VTuber Agency Deficiencies 5:00:23-5:00:51 VTuber Startup Red Flag #8 5:00:52-5:02:14 Harry's "Solutions": Avoidance & Denial 5:02:15-5:11:40 Why NEXAS' Premise was Always Bound to Fail 5:11:41-5:15:07 NEXAS' Great Mystery: Harry's Insistence on Anilive 5:15:08-5:16:59 The Signs that NEXAS Never Prioritised Its Talents 5:17:00-5:19:01 Investigating the Link Between NEXAS & Anilive 5:19:02-5:22:49 Proving a Rrat About Anilive's Hand in NEXAS' Origin 5:22:50-5:24:45 Exposing NEXAS' Seventh Angel Investor: Shunsuke "Captain" Oyu 5:24:46-5:28:25 NEXAS' Talents as a Means to Anilive's Viability 5:28:26-5:32:15 VTuber Startup Red Flag #9 5:32:16-5:37:24 Exposing Harry for Trying to Pull a Fast One on EN VTubing Audiences 5:37:25-5:38:09 VTuber Startup Red Flag #10 5:38:10-5:47:40 Recapping the Red Flags & Advice for Screening VTuber Startups Before Application 5:47:41-5:53:40 Armcha1r's Warnings About "Entrepreneurs" Entering the VTubing Scene in 2025 5:53:41-6:13:01 The Four Horsemen of Magnate Magnets in VTubing 6:13:02-6:15:36 VTubing Isn't a Community; It's an Industry 6:15:37 Post-Show Yapping
I find it really interesting how people believe that they can find success in an industry they don't try to fully understand. With that outlook, you really can't go far yet, so many people are always doing just that. That was a really interesting vod to listen to, great stream!
I had friends in this company, and the amount of favoritism, nepotism, and pettiness i witnessed from those friendships was insane. I feel so bad for all of them
I don't understand why he calls himself Harry. The chances of him being named Harry while having been born in Taiwan are slim at best. This feels like when Indian scam callers tell you their name is Sam but in actuality it's Muthahar or something.
Now that I think about it, You need to make that plan about making "CEO Blacklist" Into reality. For the betterment of the world, especially this industry. This was really really needed.
Three minutes in chairman goes it shouldn't be that long... (Uhh sir you underestimate your own capability to run a seminar) Proceeds to look at length of vod and its almost six and a half hours. Never change chairman. Also yet again VOD gang reporting.
techbro just skinwalking a vtuber corpo to do some bullshit app launch and make people compete against each other is so techbro sociopatic. They should have used the word sacrifice, golden cow and unicorn
There are a concerning number of vtuber CEOs that at best are ignorant about vtubing and at worst are actively exploiting the medium at the intentional cost of the livers
One thing I don't understand, why didn't Captain have the already established PRISM Project vTubers stream on the service instead of leaving them to die off with Sony rather than partnering with Harry? Having them do exclusive streams on the app to slowly build up an audience there, working with (popular) indie vTubers (especially banned vTubers from UA-cam and Twitch) to stream there too. Thinking about it, it is his app so he could have allowed ASMR content there.
It is entirely possible that he may have approached some of the previous PRISM Project VTubers with a proposal but that they just weren't interested. However, a more cynical assumption would be that, as seen in Harry's Christmas post, entrepreneurs of this kind tend to hold little if any interest in old projects once a successful exit has been made. They move on pretty quickly, and it's entirely possible that Captain conceived the idea for Anilive only after selling off PRISM, meaning that it probably wouldn't have played into his ultimate decision to palm the project off to Sony.
captain did get some of the prism project talents to use the app already. not all of them, but at the time it was only for apple and not android so i did not get to watch or know how good the app was. but for sure what ever happened. those prism talents who came to use the app dont really use it anymore after the first try or at least dont advertise that they are streaming at the app anymore. he most likely sold prism to have the money to create the app
I'm not sure how public of a figure he is, so I'd probably need to do quite some reading before I can say for sure. I wouldn't rule it out though, based on how NijiEN performs over this year.
Is he the one that managed Luxiem? I heard somewhere the Luxiem manager got promoted after their massive success to be over EN and then things started to massively deteriorate around that time though no clue if that’s accurate or not
"You're not a wizard Harry... Or is it? " "Truth is... The game rigged form the start" That's basically how the stream goes... Well my way of coping in Reverend Insanity That is Harry. The stream pretty exhausting... Almost felt like watching dustbin again. But yeah, this stream could be included in my list favorite streams. After I give it a bit of thought, It's surprising that I could witness the start of an Industry. Not when I knew nothing about it... Immature Is the word? But as a person That is a little bit less immature. Ultimately, it's a fun thing to witness it, it's a fun thing for me. Yeah, Fun. Well... That's it. Thank you for reading this brick of text and I hope you have a good day. And get well soon Armcha1r.
I feel like they made Nexus so they can get other bigger vtuber to get on Anilive. Bigger Vtuber won’t join some random streaming site if they don’t see any benefits from it but if they see that site all ready have other vtuber using it they might be willing to give a chance. That way AniLive would get a slice of that bigger vtuber pie. Probably how AniLive got Vtubers like Shiki to stream on their site. But that’s just my theory.
Yeah while I believe talent freedom and low revenue splits are things that can be upsides having ONLY talent freedom, low revenue split, etc to brand off of its like having a broken product marketed on being cheap. A good affordable price is ofc nice to have but you still need something in return. Lower price might mean you need less to be worth isn’t the same as needing nothing at all (and given the anilive debuff it might be worth less than nothing) Talent freedom isn’t a benefit so much as bureaucracy and restrictions are additional costs. Even the vshojo contracts wouldn’t be worth it if vshojo did absolutely nothing for talents. In Nexus’s case all they offer is seminars, a brand nobody knows or trust, connections with talents you’re incentivized to compete with instead, and an app nobody knows. You have to strike somewhere above that line. Holo takes a lot but also gives a lot. Vshojo takes almost nothing and gives a good amount. Niji and Nexus both seem to take a lot and give little
this is focused on NEXAS but something missing about AniLive for a different stream is maybe how they are trying to use AI to create vtube models (png models+ai picture animation movements maybeee) for some talents and there was some drama about it a few months ago.
Sorry, Chairman. I fell asleep halfway through the stream and have right now finished the VOD. You seem to be upset with their amalgamation of anime and vtubing culture. Fair point actually. But if you view it from the perspective of what Harry declared he wants to sell to the investors, it makes perfect sense. Anime is all about the IP, not the Author of the original work, certainly not the hardworking animators behind them. For investors, this is very appealing. It cuts out the human cost influence from the equasion, by asuming everyone is just a replacable worker in building up IP's that create value.
You know if he wanted to invest in a bunch of vtubers to get one of them to be able to break through and recoup his investment that would’ve made much more sense. At least then it would’ve been honest about that he doesn’t actually care and is just trying to invest.
2:26:34 considering how Kronii is into "pet play", I dont know if this is the anime culture that Harry wants to support 😂😂 4:51:20 Harry: "Some of you may die, but its a sacrifice that Im willing to accept"
I’d actually argue the way affirmative action in the US at least is set up, we actually don’t have equality of opportunity in the education system but that’s because they’re trying to force equality of outcome which really doesn’t work. Especially when the affirmative action is tied to stuff like race. But I digress
I’d say vshojo has some internal competition just cause how twitch works. Twitch isn’t super friendly to people watching stuff as vods so anytime two people have overlap in when they’re streaming there’s some level of competition cause most dedicated twitch users do it for the higher live interaction. But that could just be my Twitch bias and I’m not super in tune to livestream culture either so could be wrong (I mean I watch the majority of livestreams as vods) As far as rigorous work load id say most in vshojo do but self inflicted (minus Kuro cause taxes). Since the people they grab are hard working they end up kind of naturally do that. Though probably not the same level of workload as holo for most of them but hard to say for sure
1:24:42 I recognize that website 👀... Spent a pretty good amount of time poking around there for work 2:02:30 so maybe their goal wasn't necessarily a "shotgun approach," but a means to provide fodder for their AI 🤔
Dude when that part about MHA section comes in I fell asleep 15 minutes later because my god where is the damm point about Vtuber? You said it well about I want to hear what is your Vtuber Oshi and any Vtuber related not this some kind of CEO having main character syndrome nonesense.
Timestamps:
00:00-10:29 Pre-Show Yapping
10:30-14:21 Disclaimers & Definitions
14:22-37:38 Kizuna Ai's Rise & How Investors See VTubing
37:39-50:16 Explaining How (& Why) Audiences Become Attached to VTubers
50:17-1:07:54 A Brief Recount of the 'Multiple Ai' Controversy
1:07:55-1:11:32 The Lessons Learned from Activ8's Decline
1:11:33-1:24:05 A Reminder of What NEXAS Was (& Armcha1r's Assessment of It)
1:24:06-1:29:00 The Inception of NEXAS & forCreators Pte. Ltd.
1:29:01-1:43:27 Digging Into the Past of NEXAS' Founder (Harry So)
1:43:28-1:50:12 Explaining the Difference Between 'Press Releases' & 'Backgrounders'
1:50:13-2:06:44 Red Flags Among NEXAS' Angel Investors
2:06:45-2:07:39 VTuber Startup Red Flag #1
2:07:40-2:13:37 An Overview of NEXAS' Other (Named) Angel Investors
2:13:38-2:27:21 Dissecting the Use of Framing in Press Releases
2:27:22-2:28:54 Ask VTuber Corpo CEOs Who Their Oshi Is
2:28:55-2:31:42 VTuber Startup Red Flag #2
2:31:43-2:35:28 What Techbros Don't Understand About Running a VTuber Agency
2:35:29-2:45:32 Dissecting NEXAS' Pre-Launch Backgrounder (& How Harry Skinwalked Being a VTuber Fan)
2:45:33-2:47:50 VTuber Startup Red Flag #3
2:47:51-2:51:37 NEXAS' "Academia" Metaphor
2:51:37-2:53:09 VTuber Startup Red Flag #4
2:53:10-2:57:31 Why NEXAS' "Academia" Metaphor Doesn't Work
2:57:32-3:04:22 Harry's & the Numbers
3:04:23-3:06:18 VTuber Startup Red Flag #5
3:06:19-3:09:55 Dissecting NEXAS' Final Backgrounder (What is "Virtual Talent Academia"?)
3:09:56-3:24:17 Harry's Mangled Explanation of How Content (Streaming) Platforms Work
3:24:18-3:27:14 VTuber Startup Red Flag #6
3:27:15-3:27:21 "It's a Spray n' Pray-type business model that revolves around preying on people's dreams."
3:28:08-3:48:46 Harry's Mischaracterisation of External Competition & 'Sustainability' in the VTubing Industry
3:48:47-3:49:45 Harry's 3 Problems: Summarised
3:49:46-4:11:25 Harry's "Solutions": Anilive
4:11:26-4:19:04 Harry's "Solutions": Doing Away with 'Traditional' Agency Models
4:19:05-4:20:21 NEXAS illiterature
4:20:22-4:21:06 VTuber Startup Red Flag #7
4:21:07-4:32:11 Harry's "Solutions": Doing Away with 'Traditional' Agency Models (Cont.)
4:32:12-4:38:18 The One Redeeming Quality of NEXAS' Business Model
4:38:19-5:00:22 How Euphemisms are Used in Marketing to Mask VTuber Agency Deficiencies
5:00:23-5:00:51 VTuber Startup Red Flag #8
5:00:52-5:02:14 Harry's "Solutions": Avoidance & Denial
5:02:15-5:11:40 Why NEXAS' Premise was Always Bound to Fail
5:11:41-5:15:07 NEXAS' Great Mystery: Harry's Insistence on Anilive
5:15:08-5:16:59 The Signs that NEXAS Never Prioritised Its Talents
5:17:00-5:19:01 Investigating the Link Between NEXAS & Anilive
5:19:02-5:22:49 Proving a Rrat About Anilive's Hand in NEXAS' Origin
5:22:50-5:24:45 Exposing NEXAS' Seventh Angel Investor: Shunsuke "Captain" Oyu
5:24:46-5:28:25 NEXAS' Talents as a Means to Anilive's Viability
5:28:26-5:32:15 VTuber Startup Red Flag #9
5:32:16-5:37:24 Exposing Harry for Trying to Pull a Fast One on EN VTubing Audiences
5:37:25-5:38:09 VTuber Startup Red Flag #10
5:38:10-5:47:40 Recapping the Red Flags & Advice for Screening VTuber Startups Before Application
5:47:41-5:53:40 Armcha1r's Warnings About "Entrepreneurs" Entering the VTubing Scene in 2025
5:53:41-6:13:01 The Four Horsemen of Magnate Magnets in VTubing
6:13:02-6:15:36 VTubing Isn't a Community; It's an Industry
6:15:37 Post-Show Yapping
Thanks for making timestamps!
this video contains:
80% yapping and
20% chair dying from allergies
bless you Armcha1r Expert
I find it really interesting how people believe that they can find success in an industry they don't try to fully understand. With that outlook, you really can't go far yet, so many people are always doing just that. That was a really interesting vod to listen to, great stream!
I had friends in this company, and the amount of favoritism, nepotism, and pettiness i witnessed from those friendships was insane. I feel so bad for all of them
The irony of using Niji's shotgun strategy for your talent debuts during Niji's worst PR debacle is pretty funny ngl.
I now understand why Deku is in the thumbnail
CEO Harry is a little too much of a fan of MHA so much, he had to put in his presentations
I don't understand why he calls himself Harry. The chances of him being named Harry while having been born in Taiwan are slim at best. This feels like when Indian scam callers tell you their name is Sam but in actuality it's Muthahar or something.
@princeofdew8980 Would you rather have him call himself "Danzai no Shoujo" instead?
Now that I think about it, You need to make that plan about making "CEO Blacklist" Into reality.
For the betterment of the world, especially this industry.
This was really really needed.
Essentially doing like what Coffeezilla did, with his hall of shame.
that sounds very antisemitic of you OP. you're making WEF cry tears. you're hurting their feelings even.
Three minutes in chairman goes it shouldn't be that long... (Uhh sir you underestimate your own capability to run a seminar) Proceeds to look at length of vod and its almost six and a half hours. Never change chairman. Also yet again VOD gang reporting.
techbro just skinwalking a vtuber corpo to do some bullshit app launch and make people compete against each other is so techbro sociopatic. They should have used the word sacrifice, golden cow and unicorn
Finding the connection was crazy, good stream
There are a concerning number of vtuber CEOs that at best are ignorant about vtubing and at worst are actively exploiting the medium at the intentional cost of the livers
2:58:13 I swear "reaching a 1000 talents" is the Sonichu medallion of vtuber corporations.
One thing I don't understand, why didn't Captain have the already established PRISM Project vTubers stream on the service instead of leaving them to die off with Sony rather than partnering with Harry? Having them do exclusive streams on the app to slowly build up an audience there, working with (popular) indie vTubers (especially banned vTubers from UA-cam and Twitch) to stream there too. Thinking about it, it is his app so he could have allowed ASMR content there.
It is entirely possible that he may have approached some of the previous PRISM Project VTubers with a proposal but that they just weren't interested. However, a more cynical assumption would be that, as seen in Harry's Christmas post, entrepreneurs of this kind tend to hold little if any interest in old projects once a successful exit has been made. They move on pretty quickly, and it's entirely possible that Captain conceived the idea for Anilive only after selling off PRISM, meaning that it probably wouldn't have played into his ultimate decision to palm the project off to Sony.
captain did get some of the prism project talents to use the app already. not all of them, but at the time it was only for apple and not android so i did not get to watch or know how good the app was.
but for sure what ever happened. those prism talents who came to use the app dont really use it anymore after the first try or at least dont advertise that they are streaming at the app anymore.
he most likely sold prism to have the money to create the app
Any chance of a future stream about the OTHER Harry? The one who took over as branch manager and head of overseas development for Nijisanji EN?
I'm not sure how public of a figure he is, so I'd probably need to do quite some reading before I can say for sure. I wouldn't rule it out though, based on how NijiEN performs over this year.
Is he the one that managed Luxiem? I heard somewhere the Luxiem manager got promoted after their massive success to be over EN and then things started to massively deteriorate around that time though no clue if that’s accurate or not
"You're not a wizard Harry... Or is it? "
"Truth is... The game rigged form the start"
That's basically how the stream goes... Well my way of coping in Reverend Insanity That is Harry. The stream pretty exhausting... Almost felt like watching dustbin again.
But yeah, this stream could be included in my list favorite streams.
After I give it a bit of thought, It's surprising that I could witness the start of an Industry. Not when I knew nothing about it... Immature Is the word? But as a person That is a little bit less immature. Ultimately, it's a fun thing to witness it, it's a fun thing for me. Yeah, Fun.
Well... That's it. Thank you for reading this brick of text and I hope you have a good day.
And get well soon Armcha1r.
I feel like they made Nexus so they can get other bigger vtuber to get on Anilive. Bigger Vtuber won’t join some random streaming site if they don’t see any benefits from it but if they see that site all ready have other vtuber using it they might be willing to give a chance. That way AniLive would get a slice of that bigger vtuber pie. Probably how AniLive got Vtubers like Shiki to stream on their site. But that’s just my theory.
Thanks for the stream!
I wonder who the other two angel investors are
Yeah while I believe talent freedom and low revenue splits are things that can be upsides having ONLY talent freedom, low revenue split, etc to brand off of its like having a broken product marketed on being cheap.
A good affordable price is ofc nice to have but you still need something in return. Lower price might mean you need less to be worth isn’t the same as needing nothing at all (and given the anilive debuff it might be worth less than nothing)
Talent freedom isn’t a benefit so much as bureaucracy and restrictions are additional costs.
Even the vshojo contracts wouldn’t be worth it if vshojo did absolutely nothing for talents.
In Nexus’s case all they offer is seminars, a brand nobody knows or trust, connections with talents you’re incentivized to compete with instead, and an app nobody knows.
You have to strike somewhere above that line. Holo takes a lot but also gives a lot. Vshojo takes almost nothing and gives a good amount. Niji and Nexus both seem to take a lot and give little
I have to wonder… what causes so many tech bros to sound like well… tech bros. Like why do they all talk like that
this is focused on NEXAS but something missing about AniLive for a different stream is maybe how they are trying to use AI to create vtube models (png models+ai picture animation movements maybeee) for some talents and there was some drama about it a few months ago.
Sorry, Chairman. I fell asleep halfway through the stream and have right now finished the VOD.
You seem to be upset with their amalgamation of anime and vtubing culture. Fair point actually. But if you view it from the perspective of what Harry declared he wants to sell to the investors, it makes perfect sense. Anime is all about the IP, not the Author of the original work, certainly not the hardworking animators behind them. For investors, this is very appealing. It cuts out the human cost influence from the equasion, by asuming everyone is just a replacable worker in building up IP's that create value.
Did anyone answer if nexas talents ate hair too like in MHA?
Oh, 17 live. I can image what kind of person they are.
3:40:23 your avatar is super cute Armcha1r Expert-chan
This question has nothing to do with anything.
Is that pink your favorite color?
You know if he wanted to invest in a bunch of vtubers to get one of them to be able to break through and recoup his investment that would’ve made much more sense. At least then it would’ve been honest about that he doesn’t actually care and is just trying to invest.
2:26:34 considering how Kronii is into "pet play", I dont know if this is the anime culture that Harry wants to support 😂😂
4:51:20 Harry: "Some of you may die, but its a sacrifice that Im willing to accept"
I’d actually argue the way affirmative action in the US at least is set up, we actually don’t have equality of opportunity in the education system but that’s because they’re trying to force equality of outcome which really doesn’t work. Especially when the affirmative action is tied to stuff like race. But I digress
I’d say vshojo has some internal competition just cause how twitch works. Twitch isn’t super friendly to people watching stuff as vods so anytime two people have overlap in when they’re streaming there’s some level of competition cause most dedicated twitch users do it for the higher live interaction. But that could just be my Twitch bias and I’m not super in tune to livestream culture either so could be wrong (I mean I watch the majority of livestreams as vods)
As far as rigorous work load id say most in vshojo do but self inflicted (minus Kuro cause taxes). Since the people they grab are hard working they end up kind of naturally do that. Though probably not the same level of workload as holo for most of them but hard to say for sure
1:24:42 I recognize that website 👀... Spent a pretty good amount of time poking around there for work
2:02:30 so maybe their goal wasn't necessarily a "shotgun approach," but a means to provide fodder for their AI 🤔
Dude when that part about MHA section comes in I fell asleep 15 minutes later because my god where is the damm point about Vtuber? You said it well about I want to hear what is your Vtuber Oshi and any Vtuber related not this some kind of CEO having main character syndrome nonesense.