In charge of one of the most successful and lucrative technology channels on YouTube, the Canadian Linus Gabriel Sebastian, better known simply as Linus, announced through a video that will stop being CEO of their companies Linus Media Group, Creator Warehouse, and Floatplane Media. The decision will take effect on July 1, although that does not mean that we will no longer see him in the Linus Tech Tips videos or on his other channels.
In the video where he communicates this decision, he offers information about why he has done it, how his channels will continue from now on, and who will be in charge of running the company as the new CEO. In addition, he also talks about a nine-figure offer he turned down for the sale of your business.
Linus steps down as CEO and his former boss will take over
Linus Tech Tips has been delivering hardware-focused tech videos and light-hearted tutorials with his team for over 10 years. With more than 15 million subscribers, he has become a benchmark in his field. Although it all started with one person, the success of the channel led him to set up a gigantic company focused on the creation of content for its channels, as well as the sale of merchandising, among other things. However, after all this trajectory, Linus will say goodbye to the management of his company on July 1st.
Among the main reasons are exhaustion and the fact that he thinks he was never cut out for a CEO role. He claims that he never had the temperament or eye for detail to run such a large company and that to continue in this position could end up destroying himself, the company and the community that he has sustained for more than 10 years. A decision that honors him and far from that of this other CEO.
The really curious thing about it all is that the new person in charge of occupying the CEO position will be Terren Tong, who he was once Linus’s boss when I worked for the company NCIX. Linus describes him as ‘exceptionally qualified’. Meanwhile, Linus will take on the role of chief vision officer at his company, focusing on drafting ideas to create content or products and solving similar problems.
In addition to this decision, Linus will also not stop appearing in the channel’s videos. In fact, he claims that if all goes well, we may see him even more than ever.
Another of the issues that he was able to state in the video was the rejection of an offer of 100 million dollars for the sale of your business. Linus assured in the video that the money would not change the lifestyle he currently has too much along with his wife Yvonne, who will remain the sole shareholders and directors of the company.
It is not the first time that Linus has rejected a similar offer for the sale of his company. He used to think that he was afraid that one day he might regret it. In this way, he says goodbye to his current position, but few things will change for the user, at least in the immediate future.
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