This is what I think has led LMG to be as successful as they have been. Between their "how we make money" videos, behind the scenes, and just constantly explaining their decisions and how they are doing financially they treat their viewers as their sort-of 'shareholders'. And, I think that leads to a certain sense of loyalty from their fans/viewers.
If I had been Luke, I would've left ages ago... and I would've been absolutely wrong. He deserves a humongous pat on the back for sticking around through the rough patches
on the bright side for Luke, if ltt does end up going under or whatever. at this point luke has enough experience working for and helping run the company that he'll be able to use this experience to get a job afterwards. which honesty, that's what the degree was for in the first place. so for Luke at least, it's worked out
Please open a store in the EU, 20 dollars for shipping and waiting 14-28 days on the product is a no go… start a small distribution center in germany, they have cheap shipping all over EU.
Hi LMG, something I been noticing about the channel and other channels notifications is that I get a maximum of 3 notification in a raw, so when you guys release like 4 or more vods I only get 3 notifications. Not sure if this only for me or how YT is now, just thought to share it and maybe it is something to consider for future releases.
LMG knows about this already, it’s why they can’t put out multiple videos out on the same day on their other channels, I guess this channel isn’t as important?
Regarding Amazon they make it super scary! They just close your account and send you a non disputable cancellation email and tell you if you think it was wrong you can apply again for the affiliate program from the start. As good as Amazons customer service is with consumers, it's complete opposite with sellers and affiliates.
One could say that LTT's cash is....screwed That inventory is going to move, the channel keep growing, and the lab is going to be self-sufficient, cheers!
As someone who started my own video production company 5 years ago. I have to say I feel the pain. 3 years I was basically working two jobs without a break to be able to afford equipment and employees. I never got into debt or missed the paycheck. But there were times I had like 50 dollars in my bank account. 2 years ago I was able to quit my job and do video production full time. And now I am in my early 30s and it was totally worth it. Work hard on your dreams while you can.
@@Ulvis_B well... sure you might call it luck someone may call it hard work. Truth is somewhere in the middle. You need to be lucky to be presented with right opportunities. Have correct people around you etc. etc. But going after those opportunities requires hard work. And we did survive pandemic where we had no job for year. It wasn't luck, we managed refocused our business to jobs we could do during a lockdown.
@@jeffsaffron5647 hard work doesn’t work as well as luck. look at UA-camrs, streamers, Tik tokers. You will never see lazier people in your life, but they are some of the richest people in the world for doing a few minutes or hours of work a week.
@@illpunchyouintheface9094 they're also in the 0.0001% of people like that. if you think luck (something you can't control) is more important than the value of hard work (something you can control) and base your life & efforts around that, you're no better than a chronic gambler (of which statistically, most lose). Might as well work hard just in case and if you get lucky then hey even better
Can we all agree that linus has an amazing people in his life, people who wouldn't just leave when things get tough. His wife, Luke etc stuck with him, and now this channel become one of the biggest tech channel on UA-cam
I think the question we all want answered is: is luke ever going to let that "less than minimum wage" thing go every time channel history comes up that gets mentioned
It's an equivalent for "Embrace the grind", translated to a practical financial standpoint. If you want this, you'll need to suffer taking the leap to possible succes/failure (experience). I've done something simular, starting a record company while working a full time job. I had put 50k in and got 45k out while generating a fair amount of royalties for about 30 artists, and got LOTS of life/business experience during those 6 years. I'm never going to run a record company ever again, unless I get paid for it xD But I'm "qualified" now to do it.
I was so excited when I saw that tweet about the stealth hoodies. I had 2 all ready (one with a broken zipper) and not knowing stealth hoodie 2 was coming, figured I should buy another one before they are all gone
I’m glad y’all thrusted past the road blocks and really exploded onto the scene. And I really don’t see a climax in your future, I really think you’ll go far with this massive, beautiful business.
I would not be worried about backpacks. 40 K is not that crazy amounth. 100K of screwdrives is a biggger bet since most of the people build PC once every 5 years and we will survive with half broken tools :D
Yeah but i'll totally get that screwdriver, and with shipping from Canada to the EU, i'll probably get a few more items as well. And i already own the GN screwdriver set!
Why doesn’t Linus just have affictiation links right on llt store. He could even recommend component and locations like micro center near you that will show ltt bringing traffic to sponsor without the website looking like it’s loaded with bloat and ads. Just helpful/useful resourcing to consumers
@@bengineer8 aaaand are Canadians not American? In those things where they share cultural affinities with US citizens, it’s not very important to differentiate them. It’s factual, and not exactly insulting. 🤷♂️
I don't fully understand your point, 1st: They're not American, they're Canadian? 2nd: A College and a University is literally a school, why are you surprised they call it what it basically is?
Hi, you should definitely do a video about LMG with NCIX lr whatever and all the channels it’s kinda hard to foloow and would be fun to have like a wiki video
You know it's not that you're charismatic, because you're not really. I think people like you for the same reason that people like Bernie Sanders. There's an intentional consistency to principles and focus on one goal, for you it's providing what you consider a quality product fairly, whether that's in videos or merch or whatever else. I think that's what people really like. Like Riley is more charismatic, hands down, but you, in the leadership role, have given all of LTT a strong purpose and mission that draws and keeps people in. That's my take on it.
I feel kinda weird that the business is 50/50 Linus and Yvonne. I feel like Luke should have had a cut of LMG itself, he was there from the very beginning. I hope he is well compensated
As long as floatplane succeeds eventually then Luke will be very well off, Luke was originally going to be floatplane ceo and is still holding a c suite level role with floatplane media forget if it was listed as cfo or cto but something like that. Luke will essentially never not be well off as long as he doesn’t fall out with Linus or Yvonne I mean he apparently lived in their home for months/years in the early days and he was offered ceo of floatplane and they still figured out how to bring him back on wan show while avoiding the conflict of interest issues they were concerned about at the time, and they’ve said Luke is going to share an office with the head of ltt labs in addition to having his own private office again and helping oversee the labs effort. And with all the skills in tech travel business and management etc Luke has picked up he will be in high demand personally most likely even if all of lmg went under plus Linus would likely keep Luke in their next endeavor whatever that might be even if lmg went under some day. But I agree I’m surprised he doesn’t have equity in the business.
I love how Linus does not think he is charismatic but he was the boy who was bad at math who got his tutor/wife to empty her bank account to fund his UA-cam channel that is insane TBH.
Trust me boss you don’t want his ones. You can get a ice multi tip screwdriver with a magnetic tips, rubber grib, for a few dollars at the store, maybe $10 or $20 depending on the store and brand and what comes with it, while Linus’s screwdrivers will empty your bank account, and you only get 1
0:41 "WORLD CLASS" I remember that moment when Yvonne said that employees do still pee on the floor (Lab 2 Video). And Btw: please stop peeing on the floor
so to summarize the ground floor is where you want to be when you see web media coming hard and it's all over everyone's faces. Sure it'll be uncomfortable but you were young and it was the right time to do uncomfortable things. ;)
Ya know, seeing some recent titles and watching several videos has a word stuck in my mind about ltt and this channel...that word is ego. Like acting too big to fail almost but not really. I'm seeing red flags. Not entirely sure how to phrase it.
You know when it is good to invest part of your life in the company. You can see it’s potential and just do your part to make it happen. I hope you guys will not be caught up on corporation trap that usually ruin an already good and successful company.
Linus was just the blind leading the blind. But damn did it work well
well you won't be watching those who didn't make it.
I really wouldn't say that, all of the indicators pointed to internet media becoming a big deal. It was a risk, but a calculated one.
Sometimes you just got to work off faith and risk
They just happen to "drop" into a gold mine
"This is the time of my life to do uncomfortable things." probably one of the most inspirational quotes I've heard this week
Dang, I never realized just how close this channel has been to failing before. Glad it all worked out and we have this amazing media group today.
I mean... why would that be surprising, though?
Thank you, gentlemen, for this firm, thrusting insight into the deepest recesses of your business.
Kinda sus bro
And I LOVE it
Whew. Anybody else getting a little warm? 😗
This is what I think has led LMG to be as successful as they have been. Between their "how we make money" videos, behind the scenes, and just constantly explaining their decisions and how they are doing financially they treat their viewers as their sort-of 'shareholders'. And, I think that leads to a certain sense of loyalty from their fans/viewers.
Was it moist ?
@@fettolehart Seriously. I probably watch more WAN show than I do any other of their channels because of this.
Thank you guys for pulling through, and thank you Yvonne for being LMG's sugar mama
If I had been Luke, I would've left ages ago... and I would've been absolutely wrong. He deserves a humongous pat on the back for sticking around through the rough patches
"Business is throbbing" 🤣
almost killed me right there 🤣
Atleast Luke has a contract for life
And a guarantee of always having a PC that's good but not quite as good as Linus' PC.
I'm pretty sure that's called a marriage contract. but don't tell Yvonne
on the bright side for Luke, if ltt does end up going under or whatever. at this point luke has enough experience working for and helping run the company that he'll be able to use this experience to get a job afterwards. which honesty, that's what the degree was for in the first place. so for Luke at least, it's worked out
Not to mention all the money he’s made.
@@brandonporter550 How much do you think he earns?
He owns floatplane so he can always make money from that
@@GMC997 I'd guess 200k or so
Thanks for the amazing videos you guys have created over the years!
Please open a store in the EU, 20 dollars for shipping and waiting 14-28 days on the product is a no go… start a small distribution center in germany, they have cheap shipping all over EU.
Just flit through these
3:44
3:18
1:41
2:27
Hold the beat for a few seconds
4:10
4:33
4:48
* Gotta get those time stamps just right
what have you done 💀
Oh boy
bruh XDDDD
why? xD
lol
Hi LMG, something I been noticing about the channel and other channels notifications is that I get a maximum of 3 notification in a raw, so when you guys release like 4 or more vods I only get 3 notifications. Not sure if this only for me or how YT is now, just thought to share it and maybe it is something to consider for future releases.
that's a thing UA-cam does to stop spam notifications
LMG knows about this already, it’s why they can’t put out multiple videos out on the same day on their other channels, I guess this channel isn’t as important?
Yes for me when they upload 3 to 4 LMG clips l only get notification for 1 of them and l have to scroll down and find the rest.
youtube will only push 3 a day i think....
thanks @Christian B
Ya, it’s 3. That’s why they have 15 channels, and why LMG clips has way less views
Regarding Amazon they make it super scary! They just close your account and send you a non disputable cancellation email and tell you if you think it was wrong you can apply again for the affiliate program from the start. As good as Amazons customer service is with consumers, it's complete opposite with sellers and affiliates.
boy what good timing, UA-cam recommendations
yeah lol
One could say that LTT's cash is....screwed
That inventory is going to move, the channel keep growing, and the lab is going to be self-sufficient, cheers!
As someone who started my own video production company 5 years ago. I have to say I feel the pain. 3 years I was basically working two jobs without a break to be able to afford equipment and employees. I never got into debt or missed the paycheck. But there were times I had like 50 dollars in my bank account. 2 years ago I was able to quit my job and do video production full time. And now I am in my early 30s and it was totally worth it. Work hard on your dreams while you can.
Not everyone that lucky.
@@Ulvis_B Of course, life depending on luck sucks but you gotta try.
@@Ulvis_B well... sure you might call it luck someone may call it hard work. Truth is somewhere in the middle. You need to be lucky to be presented with right opportunities. Have correct people around you etc. etc. But going after those opportunities requires hard work. And we did survive pandemic where we had no job for year. It wasn't luck, we managed refocused our business to jobs we could do during a lockdown.
@@jeffsaffron5647 hard work doesn’t work as well as luck. look at UA-camrs, streamers, Tik tokers. You will never see lazier people in your life, but they are some of the richest people in the world for doing a few minutes or hours of work a week.
@@illpunchyouintheface9094 they're also in the 0.0001% of people like that. if you think luck (something you can't control) is more important than the value of hard work (something you can control) and base your life & efforts around that, you're no better than a chronic gambler (of which statistically, most lose). Might as well work hard just in case and if you get lucky then hey even better
Can we all agree that linus has an amazing people in his life, people who wouldn't just leave when things get tough. His wife, Luke etc stuck with him, and now this channel become one of the biggest tech channel on UA-cam
I think the question we all want answered is: is luke ever going to let that "less than minimum wage" thing go every time channel history comes up that gets mentioned
No because it's important lmao
@@BuffiestFluff exactly
It's an equivalent for "Embrace the grind", translated to a practical financial standpoint. If you want this, you'll need to suffer taking the leap to possible succes/failure (experience).
I've done something simular, starting a record company while working a full time job. I had put 50k in and got 45k out while generating a fair amount of royalties for about 30 artists, and got LOTS of life/business experience during those 6 years. I'm never going to run a record company ever again, unless I get paid for it xD
But I'm "qualified" now to do it.
@@N1h1L3 it's different when you own the business and are underpaying yourself. Being underpaid by an employer is never ok.
I was so excited when I saw that tweet about the stealth hoodies. I had 2 all ready (one with a broken zipper) and not knowing stealth hoodie 2 was coming, figured I should buy another one before they are all gone
I’m glad y’all thrusted past the road blocks and really exploded onto the scene. And I really don’t see a climax in your future, I really think you’ll go far with this massive, beautiful business.
Business is throbbing - Luke
cr1tikally throbbing
I've been using the LTT affiliate link since like, 2016, I completely forgot about it
Truly they were deeply probing the savage untamed cleft of destiny!
glad to hear business is throbbing!
Luke's reasoning: YOLO
This is so wholesome I'm so happy for their success watching them forever.
i remember when (i think it was) jake put music in a stream that almost took down the entire channel
True...
Did Linus say "we are 10 million in debt" at 5:23 ?
This clip was pinnacle Linus sex tips
Linus: “yeah we have come close to to failing. But you know who never fails? OUR SPONSOR…”
It’s crazy to think that if the perfectly wrong cards are dealt this could all come crashing down before our eyes
I would not be worried about backpacks. 40 K is not that crazy amounth. 100K of screwdrives is a biggger bet since most of the people build PC once every 5 years and we will survive with half broken tools :D
Yeah but i'll totally get that screwdriver, and with shipping from Canada to the EU, i'll probably get a few more items as well. And i already own the GN screwdriver set!
Luke's gut instincts were spot on. Happy he chose to stick it out
When they just break down into high school euphamisms.....giggity
Linus-"Yeah, it was all over everyone's faces"-Sebastian
That got really dirty punny really fast.
Them puns tho
What a nice and calm voice Bell has.
Why doesn’t Linus just have affictiation links right on llt store. He could even recommend component and locations like micro center near you that will show ltt bringing traffic to sponsor without the website looking like it’s loaded with bloat and ads. Just helpful/useful resourcing to consumers
When americans call colleges and universities "school" is just throwing me off so goddamn much, I will never get used to it
I'm learning thermodynamics at school rn
They are Canadians.
Just wanted to write the same comment :D This is always soooo confusing to me. I actually looked at his linkedin to make sure I understood it right :D
@@bengineer8 aaaand are Canadians not American? In those things where they share cultural affinities with US citizens, it’s not very important to differentiate them. It’s factual, and not exactly insulting. 🤷♂️
I don't fully understand your point, 1st: They're not American, they're Canadian? 2nd: A College and a University is literally a school, why are you surprised they call it what it basically is?
I really respect Linus being so transparent about financial stuff.
It helps people understand running a business aswell.
Even if LMG implodes, I want to be there, an old fart looking back at how awesome this was.
Thanks Yvonne for supporting these guys 😂
LOL the puns are coming along nicely.
I remember watching you at 4 in the morging before class doing the wan show with a broken leg in a garage!
@Linus; Speaking of NCIX, you recruited Riley. Has Esther ever shown interest to join LTT?
For a second there, I felt like I was watching a adult talk show, lol.
worldclass team - dont pee in corners, yeah
Web media: *coming so hard*
Hi, you should definitely do a video about LMG with NCIX lr whatever and all the channels it’s kinda hard to foloow and would be fun to have like a wiki video
With how long Luke has been there it should have been called LLMG haha. His laugh makes the video. Haha.
Thanks for the 50% off stealth hoodies btw. Like your stuff its just pricey most of the time.
Why were they kicked out of Amazon-Affiliate links program?
For funny enough, disclosing that they were a part of the amazon affiliate link program
You know it's not that you're charismatic, because you're not really. I think people like you for the same reason that people like Bernie Sanders. There's an intentional consistency to principles and focus on one goal, for you it's providing what you consider a quality product fairly, whether that's in videos or merch or whatever else. I think that's what people really like. Like Riley is more charismatic, hands down, but you, in the leadership role, have given all of LTT a strong purpose and mission that draws and keeps people in. That's my take on it.
Why not both?
Well now that I know LMG is 10 mil in the hole I feel compelled to buy a screw driver
I feel kinda weird that the business is 50/50 Linus and Yvonne. I feel like Luke should have had a cut of LMG itself, he was there from the very beginning. I hope he is well compensated
I am sure he is, but I agree
If he was not well compensated or unhappy with the arrangement he wouldnt still be around after so many years.
Since it isn't public having a stake doesn't really do anything for him anyway, better a high salary and off the financial hook if LMG goes down
As long as floatplane succeeds eventually then Luke will be very well off, Luke was originally going to be floatplane ceo and is still holding a c suite level role with floatplane media forget if it was listed as cfo or cto but something like that.
Luke will essentially never not be well off as long as he doesn’t fall out with Linus or Yvonne I mean he apparently lived in their home for months/years in the early days and he was offered ceo of floatplane and they still figured out how to bring him back on wan show while avoiding the conflict of interest issues they were concerned about at the time, and they’ve said Luke is going to share an office with the head of ltt labs in addition to having his own private office again and helping oversee the labs effort.
And with all the skills in tech travel business and management etc Luke has picked up he will be in high demand personally most likely even if all of lmg went under plus Linus would likely keep Luke in their next endeavor whatever that might be even if lmg went under some day.
But I agree I’m surprised he doesn’t have equity in the business.
Gonna be checking my email everyday for that screwdriver
Please don’t.
sometimes you just need to risk it for the biscuit
Forget the stealth hoodie, we want the live, laugh, liao t-shirt!! 🙏
The copy on that Ad at the end hahahahah
Business is indeed throbbing it appears
I love how Linus does not think he is charismatic but he was the boy who was bad at math who got his tutor/wife to empty her bank account to fund his UA-cam channel that is insane TBH.
what a gamble, it payed off big time
That Shirt is looking Great.
I want Linus’ shirt.
This aged well
the leap luke took is scary as hell back then when successful youtube channels back then made a tiny fraction of what they make now.
Are they 10 mil in debt? Why, how, what happened?
Buying the lab, the equipment, and also orders for screwdrivers and backpacks.
10 million? That's like 2 of their pcs they got stored somewhere.
web media did come hard. LOL
Luke is in love with you Linus. Isn’t it obvious?
Gosh darnit Linus. Release those fucking Screwdrivers already.
Trust me boss you don’t want his ones. You can get a ice multi tip screwdriver with a magnetic tips, rubber grib, for a few dollars at the store, maybe $10 or $20 depending on the store and brand and what comes with it, while Linus’s screwdrivers will empty your bank account, and you only get 1
0:41 "WORLD CLASS" I remember that moment when Yvonne said that employees do still pee on the floor (Lab 2 Video). And Btw: please stop peeing on the floor
Luke is clearly in love.
They did an uneducated guess, but damn, are they good at guessing...
Linus's shirt is probably my favorite LTT shirt ever.
So Luke took all the risks as them and is only an employee? No equity?
100,000 screw drivers is not going to last long lol people want that thing idk if i would have ordered 40,000 backpacks though lol
THAT'S WHAT SHE SAID
jesus all in is scary
WORLD CLASS (pissing on floor)
10 million in DEBT???
how rich was ivonne, geez😂
So Yvonne was basically LTTs sugarmom?
so to summarize the ground floor is where you want to be when you see web media coming hard and it's all over everyone's faces. Sure it'll be uncomfortable but you were young and it was the right time to do uncomfortable things. ;)
Hard truths here but cool insight.
Ya know, seeing some recent titles and watching several videos has a word stuck in my mind about ltt and this channel...that word is ego. Like acting too big to fail almost but not really. I'm seeing red flags. Not entirely sure how to phrase it.
So, life lesson, gambling works 😅
Before you ruin your life, gambling does not work.
@@illpunchyouintheface9094 I thought the sarcasm was obvious, but no, gambling obviously doesn't *actually* work, though i appreciate the sentiment
Nice job, Amazon. Clowns.
WORLD CLASS
Upvote for innuendos
I hope Luke gets a decent Salary for cohosting Wan show
Do a karaoke stream
Is this what success looks like? No thank you.
Wow, you’re something like 6-10M EACH invested in backpacks and screwdrivers?
You know when it is good to invest part of your life in the company. You can see it’s potential and just do your part to make it happen.
I hope you guys will not be caught up on corporation trap that usually ruin an already good and successful company.
I think LTT closer to failing in the future than in the past due to Apple.
You said Luke had the most to lose but you could have lost Yvvone so you had more to lose🤷🏾♂️
I highly doubt his wife would have left him just because the risk of starting your own business failed. What kind of wife do you think she is?
If she left him cuz of that, it would be a good thing.
Every time I saw Linus with an ugly hat and a beard I thought the channel failing.