VShojo, a VTuber agency, announced its closure. CEO Justin “Gunrun” Ignacio attributed the shutdown to financial difficulties, stating that despite raising $11 million to support a "talent-first" approach, the company failed to generate sufficient revenue to sustain its model. The announcement followed the departure of top VTuber Ironmouse, who cited a missing $500,000 charity donation and unpaid funds as reasons for leaving. This triggered a mass exodus of 12 of VShojo's 13 creators, many citing unpaid wages. Ignacio acknowledged that company funds, including money raised by Ironmouse for the Immune Deficiency Foundation, had been misspent. He expressed confidence in his ability to cover the charitable funds.

Ignacio stated that despite the $11 million raised, the company's fundraising efforts ultimately proved unsuccessful.

Impact Statement: The closure of VShojo highlights the financial challenges faced by VTuber agencies and underscores the importance of transparent financial management within the industry.