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Ling Yah Ling Yah is an Influencer

Ex-Lawyer turned Personal Branding Strategist (5.6 million views!), Writer & Podcaster (currently on my Year of Yes!)

Would you buy a YouTube channel for $70 million? BuzzFeed's asking 😮 As a creator, entrepreneur, and former IP lawyer, I'm intrigued by Buzzfeed's attempt to sell off Hot Ones 🌶. It hits close to home, as it's a problem I've often considered while building the So This Is My Why Podcast. 𝐇𝐞𝐫𝐞'𝐬 𝐭𝐡𝐞 𝐬𝐜𝐨𝐨𝐩: Buzzfeed wants to sell Hot Ones for $70 million to settle its $100 million debt. 𝐓𝐡𝐞 𝐜𝐚𝐭𝐜𝐡: No one's biting. 🙅🏻♀️ 𝐅𝐨𝐫 𝐭𝐡𝐨𝐬𝐞 𝐮𝐧𝐟𝐚𝐦𝐢𝐥𝐢𝐚𝐫: Hot Ones is a popular YouTube show (13.6 million subscribers!) where the host, Sean Evans, interviews celebrities (e.g. Gordon Ramsey, Sabrina Carpenter) as they eat increasingly spicy chicken wings. Each video garners millions of views and it's even spawned a successful hot sauce line making a rumoured $7-10 million! Not bad - if it was a creator-owned business. Not so great when it's owned by a large media entity like Buzzfeed. 𝐒𝐨 𝐰𝐡𝐲 𝐭𝐡𝐞 𝐬𝐭𝐫𝐮𝐠𝐠𝐥𝐞 𝐭𝐨 𝐬𝐞𝐥𝐥? The answer lies in a challenge that many content creators, including myself, grapple with: the intrinsic link between the creator and the content. Sean Evans isn't just the face of Hot Ones; he's its ❤️ and soul. His well-researched questions & interviewing style are what make the show tick. That and his ability to handle Da Bomb chicken wings calmly while his guests are dying on the floor. 😂 But... Sean is just an employee. He doesn't own Hot Ones (or have any equity in it as far as we know). Which is a problem for potential buyers: ❓Can they guarantee Sean's continued involvement if they buy? If so, for how long? ❓What kind of equity might Sean demand to stay on? ❓If Sean leaves, can the show maintain its success? These uncertainties make the $70 million price tag a tough sell. I'm not sure I would buy it either, if I had a spare $70 million lying around somewhere. 😝 * Now let's take a step back & look at creator businesses/STIMY as a whole: While I love what I do and plan to continue for the rest of my life, I'm aware that my personal brand is deeply intertwined with STIMY's identity. And life can be uncertain. So if an 'end' was to come, it could come in 3 ways: 🔸 Wind it down 🔸 Hire a CEO (Andrew Wilkinson & Sam Parr have done this) 🔸 Exit - and end up with Buzzfeed's dilemma 𝐓𝐋;𝐃𝐑 Personal brands are powerful but they can be a detriment if you're building a scalable, sellable asset. So be careful of making yourself too indispensable to your business. (But don't hesitate when it comes to building your personal brand. That's something you'll always carry with you 😝) 𝐂𝐡𝐞𝐞𝐤𝐲 𝐍𝐨𝐭𝐞: If you'd like to start building your personal brand but don't know how, check out the Build Your Why course (https://lnkd.in/gshGPvqy). It's in beta mode so anyone who joins now gets a one-off 50% discount! We'll be building this course together 🙊 See you there? 😉

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Faizal Sohaimi

⚡ The Connector ⚡ 🦊 Advisor 🦊 🍀 Agropreneur 🍀 🧙 Trainer/Speaker 🧙 ✍🏼 Writer ✍🏼

1mo

It's a challenge not only faced by brands n YouTube channels. Same thing as when you buy a growing company, or investing in a growth company with a small-ish number of employees, say less than 50. Startups founders/owners would love to keep their number of employees between 30-50 pax. Often too people that they personally know or even close with. Sometimes, more work come. The need to hire.more.peoole, bigger space etc would require more funding. Selling part of the company would mean ceding some control to the new owners, often too, with their own whims n fancies. Sometimes, the founder just wants to cash out n retire. Thus, would the employees stay? Would the customers still come? Is the service level the same?

Cazey Tan (Kar Can)

Digital Marketing Consultant | Manager, Campaign Delivery Team at GroupM | Founder at Advitate Digital | Certified Digital Marketer for Google, Meta & LinkedIn Ads | Fearless Content Writer

1mo

My honest take on this. I won't sell off a personal brand business, as it holds too much intrinsic value (meaning you build and owned it 100% through you alone). But I will definitely sell off a business build on personal branding success and let someone take it to the next level. 😊

Kenny Lee Chia Sern (李泇政)

Real estate agent. Content creator. Author.

1mo

I was fretting about this too until i realize I got nothing to sell until I get to work, so I got off and got to work.

100 mil .... those wings and hot sauce aint cheap yo.

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