I bought LTT for $1
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Channels and socials
How did Lionus tech tip start? The short version is I had pretty much decided my time at NCX computers had come to an end. I walked into the president's office and I said, "Look, I think that my best marketable skill is making videos." So, we have two options here. I can go to a competitor and I can make videos. Option number two is I can work out a deal with you where I take this Lionus Tech Tips channel that I don't think you can really use anyway. I mean, it's got Lionus right in the name of it. And in return, I will sign a non-compete. I will continue to help you build up your team and I will grant you a perpetual license to use any Linus TechTips content on your website. In return, I expect to pay a sum of $1. He took it. Really glad he did.
Lionus opens a new chapter for the LTT channel by proposing a $1 deal with the president of NCX computers, emphasizing his belief that video creation is his strongest marketable skill. He outlines two options: either go to a competitor or work out a deal with the current team, choosing the latter to keep the channel’s name and legacy intact. The proposal includes a non‑compete clause, a promise to help build the team, and a perpetual license for all Linus TechTips content on the website. Lionus expects to pay $1 for the deal, which the president accepts, marking a new milestone for the channel. The short video captures the excitement and confidence behind this business move, setting the stage for future growth.
Viewers applaud Lionus’s confidence and the $1 offer, noting the strategic partnership with NCX and the potential for future growth. Comments highlight the importance of the deal and the perceived value of the channel’s name. The community expresses enthusiasm for the new direction and the promise of continued support.
Topics · unboxing · review · linus · tech · video
Questions answered
- What is the main purpose of Lionus’s proposal in the video?
- Lionus proposes a $1 deal with the president of NCX computers to secure the LTT channel and continue building the team.
- Which clause does Lionus include in the deal?
- He includes a non‑compete clause and a perpetual license for all Linus TechTips content on the website.
- How does the video convey the excitement of the deal?
- Lionus speaks directly to the president, outlines options, and expresses confidence in the $1 offer, creating a sense of momentum for the channel.