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Some kaching on the side. ;) Seriously though, a lot of influencers promoting this stuff have been getting paid in cold hard US dollars to promote these scams.
by ilrwbwrkhv 4y ago
Some kaching on the side. ;)
Seriously though, a lot of influencers promoting this stuff have been getting paid in cold hard US dollars to promote these scams.
How do I know? I spoke to influencers to talk about my portfolio companies and many of them told me the crazy amount of cash they were getting paid from these scammers. Think 25,000 for a channel with hardly 100k followers.
That's why I feel like Sequoia partners should be investigated thoroughly. If a terrorist organization gets investments, don't we investigate those investors as well?
If you drop morals, like a16z did, by supporting another scammer and gritting on crypto, it's a very lucrative business.
- jasonwatkinspdx 4y agoThat's nothing compared to what stake and the other bitcoin casinos have been spending on influencers. Until twitch banned them their top sponsored streamers were making a reported 2 to 3 million a month. Likewise there's tons of crypto money sloshing around the esports world. FTX paid TSM 200 million for naming rights. In an environment like this its really hard for legit sponsors to pitch influences unless the influencer is personally interested or ethically refuses to work with the crypto sponsor whales.
- alexb_ 4y agoThe biggest gambling streamer, TrainwrecksTV, was making 360 MILLION DOLLARS for 18 months of nonstop gambling. Like, wake up, gamble for 20 hours straight, go to sleep for over a year. https://gamerant.com/twitch-trainwreckstv-360-million-gambling-streams/ https://gamerant.com/twitch-trainwreckstv-360-million-gambli... Can't exactly blame the guy either. I would give up a whole lot and a year of my life for half of what he made.