The Rise & Fall of LOOT CRATE! and its crowd funding future! - SGR

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Loot Crate (or "The Loot Company" as they are now known) just launched a crowdfunding website to try and save the company!
So, I decided to look into the complete history of the company and give my personal opinion!
Big thanks to Larry Bundy JR for providing some voice-over clips :D
/ larrybundyjr
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⌛ The Complete History Series…
goo.gl/CMCMvQ
The ultimate in-depth documentary look at all your favorite gaming franchises such as... Metroid, Streets of Rage, Shinobi, Strider, Metal Slug, Parappa the Rapper, Toejam & Earl, House of The Dead, Earthworm Jim. Space Harrier, Jet Set Radio, Crash Bandicoot, Grand Theft Auto, Final Fight and many many more
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⌛ The Kick-Scammer Series...
goo.gl/BB7DyX
Join us as we look into some of the very worst Kickstarter and Indiegogo campaigns ever!
---------------
⌛ Random Video Games Fact Series…
goo.gl/eJwsYP
The Strangest Video Game Facts found on KZbin
---------------
⌛ Quickshot Series...
goo.gl/r32WH7
Random bite-sized gaming facts
#LootCrate #LootLauncher #KickScammers

[@slopesgameroom]

Check out the following videos before they go public by supporting the show for as little as you wish... 🤑The Peter Molyneux Kickstarter DISASTER 🤑Kickstarter 's DUMBEST scam 🤑The Paprium Scandal .. And coming soon... 🔜The Story behind GoFundMe's strangest campaign ... THANK YOU FOR YOUR SUPPORT 🟠 PATREON: www.patreon.com/slopesgameroom 🔴 KZbin MEMBERS: kzbin.info/door/455p7ts9lh8IWi5zuf_8tQjoin

[@FancyGeeks]

I did think you and Larry were the same person when I first found you guys. I mean, it was only for a few minutes but it happened.

[@Iivaitte]

A little update, Dungeon Master crate has successfully been funded.

[@Tazer_Silverscar]

Well then, this explains how PoundWorld wound up selling LootCrate branded stuff. Weird.

[@Oceanblue_Art_]

The best thing about Lootcrate is how it pumped so much affordable nerd merch into Goodwill's inventory.

[@Nukestarmaster]

How is that a good thing, Goodwill is a for-profit company exploiting the charity/thrift shop model.

[@MagnustheMage]

@@Nukestarmaster you must be fun at parties

[@kwakerjak]

Nukestarmaster For better or worse (mostly worse), a lot of people in America genericize the Goodwill trademark to apply to all thrift stores, like calling any tissue a Kleenex.

[@TheSameYellowToy]

@@Nukestarmaster Goodwill also exploits disabled people, they've been caught paying disabled employees much lower than minimum wage.

[@KnakuanaRka]

Nukestarmaster A, maybe he doesn’t know; B, Goodwill is often used as a generic term for thrift stores in general, similar to how brand names like Kleenex are used for any tissue.

[@agonistemegid6543]

"I dont care about this, I would never buy this" this is the whole reason I never subscribed to loot crate.

[@turtleanton6539]

Yuuup

[@mjc0961]

Same.

[@Doctors_TARDIS]

There was a reddit that had loot crate spoilers. Sometimes they had good crates, but the contents would always leak before the sales period ended. I bought 7 crates total and always knew the contents before they arrived.

[@Esdeath_0001]

Had a Ex who was a looter, would just give me stuff she didn't want. Always had a shirt every month lmao

[@Repzey]

i never paid for a crate, well i paid for them, but i sold the item´s that i did not want(and sometimes i even got more then what i paid for the crate so thats good, but most times i just broke even)...that was my way of collecting i liked it :)

[@OtakuUnitedStudio]

The main reason I never got into Lootcrate was because most of the tat they packed in was the kind of overplayed junk I didn't want in the first place. 1:13 POP Figures. It was specifically POP Figures.

[@magicknight8412]

Same here. The amount of plastic tat people got that no doubt went straight in the bin was incredible. Like McDonalds happy meal toys.

[@space-case]

the exclusives, which from what I understand were mostly pop figures, are the only reason I could even see buying a loot crate. I never got paying for a blind box of stuff when there was a solid chance you wouldn't like any of what was included.

[@OtakuUnitedStudio]

@@space-case Thing is, I don't like POPs. So having exclusive POP Figures isn't an incentive for me.

[@space-case]

@@OtakuUnitedStudio I feel like there's really just like a handful of super enthusiastic POP collectors who are buying them and keeping the company in business because I haven't met anyone who actually likes them.

[@linuxstreamer8910]

i hate funko pop

[@AFnord]

Even if price is no concern, how many loot crates can you really get before your home starts getting really cluttered, or you start giving/throwing away a good chunk of the content? That's really the thing for me with any physical collectibles, price is not the big issue, it's space, and that was really what kept me away from all of the lootbox variants (incidentally this is also why I don't buy collectors editions for games, or fancy special editions for movies).

[@Esdeath_0001]

I used to buy steel book editions of movies and games till they got cheap and didn't have better cover art then the standard editions

[@backlogbuddies]

My friend used to just give us the stuff because he had no room.

[@claudiobizama5603]

The only good thing about Lootcrate was Ashens' unboxings

[@donpalmera]

I unsubbed from Ashens because so many of his videos were loot box crap.

[@Space_Reptile]

Bloody hell, are we still doing these?

[@tentringer4065]

And the Nerd Crew parody unboxings.

[@Mrflash222006]

I preferred the food based boxes tbh, lut crate was a bit too geeky and nerdy

[@ZILtoid1991]

Fucking inflatable fucking crown

[@ripwitch9833]

It's actually more because LootCrate lost their customers' trust. A lot of people from r/lootcratespoilers won't buy and recommend not buying anything from Lootcrate till they send out all backlog crates and see if they'll actually fulfill their promise of actually sending crates on time and upping the quality. Not to mention that the backlog crates are getting items from past crates (I even saw 2 items I got 2 years ago and a free poster you can download in someone's DX crate) and featured items aren't being put in some people's crates (someone who got the crate that featured a Katamari figure didn't get it for example). Edit: I forgot to mention that the same people on r/lootcratespoilers do think crowdfunding crates is the best way to go (since they'll know exactly how much stock they need and have seen other monthly boxes do the same thing), but the fact that they still have backlog crates to ship and at least a year of not sending crates on time puts them off from backing them.

[@老人圣诞-d8t]

It's pretty disturbing how many companies nowadays completely fail to deliver the products customers pay for and then just sort of carry on like nothing happened

[@Elenrai]

@@老人圣诞-d8t "not my problem" attitudes tend to do that to businesses, the people behind loot crate have probably lost the spark, packing lots of plastic tat into boxes near full time

[@steveparkes]

Some of the Crates and Apparel I received a couple of months back had sat in the US for months, apparently waiting for a bill to be paid, before they got shipped to the UK. Right up until earlier this year we had one crate and two apparel subs and at times we had more being a four geek family.

[@TheGreatMillz]

I remember when the anime loot crate came out and at first I my interest was piqued, but then I saw people opening them up and... practically every box contained merch from the most generic and mainstream anime. They chose the most obvious safe choices and there was nothing interesting about it. :/

[@eveappleby2211]

even if you like that sort of seasonal anime stuff, it's cheaper and easier to buy it seperate from the lootbox anyway.

[@grimgracious]

Same. Cons sell similar things in the form of cubes and I like a nice surprise buy always feel I won't like what they put in there.

[@AshKetchum442]

I’ve found so much “lootcrate exclusive” stuff for sale at the local record store that people were trying to get rid of hahaha

[@turtleanton6539]

😂😂😂😂👍

[@MuchWhittering]

Lootcrate was always a silly concept. You have to have an extremely broad set of interests to get your money's worth. Surely just spend the money on things you know you actually want?

[@T3hXinro]

It's the same thing for most randomized subscription boxes. Even with the specialized ones, after one or two months of surprise items, you're going to start feeling like you'd be better off just buying what you wanted with the money you put into it rather than a grab bag which is ultimately just an ad to get you to spend more. The only ones that don't seem to suffer from this are certain beauty boxes, because people into beauty thrive on trying new items instead of paying full price for something only to realize they don't like it.

[@K-Anator]

To their defence, I was subscribed to NerdBlock for a while, and later ArcadeBlock. I can't say I ever got a box without at least one item in it that I liked, that if I had of purchased by itself would have cost nearly as much as the crate itself. For $25 CAD, I ended up getting a crate with a Fallout luck bobblehead in it, which alone would have been over $30 after shipping had I bought it straight from Bethesda. I still wear all my t-shirts that I got, which sell for about $20 + shipping. It's been quite a while since I got a box, but if you can find the right box, you're bound to have a decent time, especially if you like collectible crap and random trinkets.

[@shingshongshamalama]

It's for people who are addicted to lootboxes, but don't have time to play the virtual slot machines in Overwatch or Cawwadoody

[@RAC00NFANGIRL]

K-Anator™ yeah rather spend on money on something wasteful. Where these idiots could give you cheap crap instead of the good stuff.

[@neoasura]

@@shingshongshamalama Exactly, there's a "gambling" aspect to it that people seem to get addicted to. I guess some people like spending money on stuff they don't know what they'll get.

[@trevorrandom]

Not a crate idea after all...

[@BenHeckHacks]

Amazing business model while it lasted. "Pay us to ship you leftover trade show garbage!"

[@slopesgameroom]

Thanks for commenting mate. Love your content

[@KnakuanaRka]

Yeah, how is this going to make money unless the boxes are full of dime-store made-in-China absolute rubbish?

[@doctabaldhead]

"I don't care about this, I would never buy this" That speaks to me. It isn't Funkos or Lootboxes but I collect action figures and I used to buy MCU junk and Transformers just because they were cheap and available locally then moved onto to finding deals on higher end stuff like Figmas and things like that. Eventually I realized that 90% of this crap draining my money was junk I had no interest in and that I was just getting them for the thrill of getting something and I ended up selling most of it. I didn't stop collecting but I just buy things that I really care about now.

[@leecroft7311]

The term “geeks and gamers” makes me cringe.

[@leecroft7311]

Frost Aurora It has to do with the word geeks. Including it with the word “gamers”, it gives the out of date impression that gaming is for losers, people with no friends and live in their mums basement. I can’t stand the word geek and still don’t understand why modern gaming, movie, comic and similar related channels still use the word “geek”

[@noneofyourbusiness4616]

@@leecroft7311 The fact that it says "AND gamers" explicitly states that geeks and gamers are not the same thing. Saying that it means gamers are geeks is nonsensical.

[@mostmelon]

I totally get where you're coming from. Does liking Spider-man make you a geek? Of course not. Everyone likes Spider-man. Comic books and tech media are completely main stream. At this point, the only kind of hobby that might make you seem like an actual geek would be like stamp collecting or something like that.

[@CoolHandJames]

Yeah, it might as well just say "incels and virgins"

[@BeyondDaX]

Then what do you want? Just people that like specific things? This shouldn't bother you

[@thecarrieshot6411]

That oven mitt was actually recalled by Loot Crate for causing burns, no wonder it is so hot when it comes to handling stuff out of the oven. Took them months to get my a replacement item

[@TheLakabanzaichrg]

the Thanos one?

[@JargonMadjin]

"Grandfather, what's a Loot Crate?" "Sit TF down son, let me tell you a story." *clicks on this video*

[@TempestTemple]

I had lootbox for a few months and I cancelled it because very rarely did I even get something I was remotely intrested in. And the quality for a lot of things were very poor quality, you could rip those shirts apart with your hands and little effort.

[@CommodoreFan64]

Speaking of the shirts my local Goodwill had a rack 1/2 full of them once, and I started to look at them just to see what they where, and one was a marvel shirt that looked like it had never been worn, yet had the printing on it shedding off in my hands. LMAO!!

[@hitfasthithard]

Reading that, I thought you were going to say "You could rip those shirts apart in your hands.. and I did" 😂

[@custardo]

Exponential growth just isn't sustainable especially where it requires physical products, it's business 101.

[@DragoonBB]

And yet that's all these companies stockholders and shareholders ever want.

[@anirudhviswanathan3986]

Exponential growth CAN work, if it's done at the right time and place.

[@sergf3624]

tf you know your name is custard

[@ian_b]

@@anirudhviswanathan3986 There's no such thing as exponential growth. Too many people get fooled into thinking the steep ramp part of an S curve is exponential. It isn't. It just means there's a slowdown and plateau in the future.

[@MegaDoomdoomDoom]

I remember being curious about the anime crate, but, when I would look at the previous months’ crates, it made me realize that it was trying to cast a wide net and get as many people subscribing that it only had items for the most popular franchises at the time. And since I was into older series or more niche (for a lack of a better word) anime, it just never seemed worth it? I felt like my money was better spent towards one item I actually wanted.

[@turtleanton6539]

It is.

[@eveappleby2211]

Exactly, id rather blow $30 on a figure from a series I actually like than on a box filled with seasonal tripe

[@RAC00NFANGIRL]

sgtbrightside I like most anime they didn’t really click with me. I like anime that’s dark and horror base. Sometimes action base as long the writing is good.

[@MrDrokkul]

It was all downhill after the "inflatable f'n crown"

[@ikmnification5737]

It was beautiful when they sent their remaining inventory (or probably 1% of their inventory) to Ashens.

[@taffysaur]

My mama always said life is like a Lootcrate. You never know what you’re gonna get.

[@Ezekiel-pc4ef]

Mychael Darklighter the forest gump references is strong with yo mama

[@something_sorta_serious831]

I just wanted to let you know I was gonna like your comment but it's at 69 so....

[@hitfasthithard]

And everything is crap.

[@hitfasthithard]

*likes comment

[@TacDyne]

"I have an idea... let's buy a ton of unlicensed, knockoff garbage from China and sell it via inflated subscription to nerds!" - Sounds great!

[@KnakuanaRka]

TacDyne Yeah, I was wondering how they would make money unless those boxes were filled with complete rubbish you’d find at a dollar store or having fallen off the back of a truck. Guess they didn’t.

[@notmuch_23]

The fad ran its course: that's it.

[@JimmyJoeBob]

As a fan of city builders and tycoon games I've learned one thing. Expand too quickly and you doom yourself. Keep it simple.

[@tysimpson425]

Got lootcrate from like May 2015-April 2016, still finding random "loot" in random corners of my house. I just can't escape it. They sent so. much. crap.

[@mostmelon]

I never liked the idea of loot crates. But not because of the stuff, because of the idea. I hate randomized prizes. I hate loot boxes. I don't like the idea of accepting that I may be paying for something I don't want.

[@turtleanton6539]

Its lootboxes IRL

[@JamesLawner]

Same thing goes for blind bag/box items, yet they still keep making them.

[@ForrestFox626]

You just described Gacha games

[@dathunderman4]

Why get a boat when I can get a mystery box? The mystery box could have a boat!

[@wannabkain4400]

And now you have the best Marvel Funko ever from them “it’s Morbin time”

[@TechnoGolem]

Never got Loot Crate but watch a few unboxing videos to see what they offered. At best there might be one item that I might pay $5 or less for but the vast majority of it was junk I'd just toss. Really amazed they lasted as long as they did.

[@1Thunderfire]

Every man and his dog was sponsored by Lootcrate at one point.

[@Aragorn7884]

I'd rather go to the Dollar Store and get 5 bucks of random crap.

[@yawasaginelums8666]

Omg I remember those little bags of random stuff hahaha omg its been forever since I got one. Do they still do that?

[@Silvernite]

For a while Loocrate had you covered by including dollar store items. I bounced after they shipped the box with Pacman bandaids I found at Dollar Tree a month or two before. My ex kept his subscription for longer than I did. Definite schadenfreude seeing all the garbage he ended up with.

[@yawasaginelums8666]

@@Silvernite wtf is that true?

[@KnakuanaRka]

@@Silvernite Yeah, I was wondering how they could possibly make money unless they stuffed the boxes with the cheapest possible made-in-China dollar-store junk guaranteed to have fallen off the back of a truck that falls apart the first time you use it. Guess they weren’t.

[@Silvernite]

@@KnakuanaRka Initially it was a few high quality items or box. After they reformulated the boxes by guaranteeing a lot of items per box, stating a shirt with every box, partnering with any old license holder, and making a box for everything under the sun they went to shit. Around the time this box came out, they had a bunch of dollar store crap, random items, or overflow from other or older boxes for about 90% of the items.

[@samuelmeasa9283]

Got to say that your title had me thinking of this as a Company Man video. CM looks at the history of businesses.

[@lipstickzombie4981]

I'm subscribed to CM too, that's who I thought made the vid. 😃

[@theyoyogod]

Personally, Morbius was one of my favorites from the Marvel Collector Corps boxes. I always preferred it when they did more obscure characters for the boxes instead of yet another Spider-Man, Iron Man, Groot, or some other character they already did a dozen variants of.

[@stingersplash]

There were 2 versions as well!

[@CoolHandJames]

How to lose respect from normal people in one easy step: Tell them you like funkopops

[@stingersplash]

Grow up. I bet you think Lego minifigures are cool and for adults but pops suck. Like Ashens and that awful Dan guy. It's all the same.

[@everythingpony]

I like funkopops

[@CoolHandJames]

@@everythingpony im sorry about that, you have my sympathy

[@everythingpony]

@@CoolHandJames thank you, i dont have friends

[@RAC00NFANGIRL]

Rainbow Dash I like statues with actually work too them. Funko pops are not even that good!

[@jakkandjing]

9:56 Arc the Lad music! I can almost hear the sounds of bats ands zombies attacking the player characters. Hearing that music took me back and made my day.

[@BeeCreates929]

I still have some of the stuff from my Loot Anime days, but for the most part, once they ended their partnership with Crunchyroll (which has a decent merch selection on their shop) the quality of those products went downhill in a hurry. Once they did 4 SAO themed crates in quick succession, followed immediately by an AoT crate and then ANOTHER SAO crate, I knew I'd made a good decision getting off THAT wagon when I did. But I did get some good stuff in the good days. Stuff I do actually still use. And a few Manga and light novels that I genuinely really like. But yeah... And yeah I remember the Thanos glove. Got sent a shitty t-shirt instead.

[@Artwithbenji]

"Megaman Air Freshener" *Pulls out a sonic air freshener"

[@anymoose]

"Hey, want a box full of useless bric-a-brac every month?" - Lootcrate

[@something6510]

Never realized people hated pops as much as this comment section lol

[@MK_ULTRA420]

I wonder how many animals had to die as a result of the pollution created by making and shipping Funko Pops...

[@leecroft7311]

The only Pop’s I actually own are the 007 ones, I’m a big Bond fan. I stopped after that.

[@Esdeath_0001]

I collect random pops lmao 😂 itches the spot where I can't buy every anime figure I want

[@backlogbuddies]

Well that and they used to be super cheap toys. When I bought my first one it was $5. Now they are like$15 and the same shit quality. Plus everyone buys you them as a gift and you have this generic looking toy you're stuck with

[@MK_ULTRA420]

@Jan Nix Found a Funko Pop collector 😂😂😂

[@RaithSienar]

You're strongly underestimating how much people love D&D, the second I heard there was a dungeon master crate and went to look, that bitch was sold out.

[@gurriato]

Thinking about the pollution and waste of resources caused by all this unnecessary plastic shit drives me crazy.

[@GatorMilk]

Read "Industrial Society and its Future," by Uncle Ted.

[@madaggar9765]

I'm not much for collectibles, so I never looked at loot crate related stuff. They did used to be everywhere and I did wonder what happened to change that, and now I know! Thanks mate.

[@Chaos89P]

I will admit that I was one of the many who would rather watch a subscription box unboxing rather than get one myself, but only when snarky British humor was involved. The load of tat in comparison to anything actually interesting was never worth it to me. The Funko Pops were essentially a dealbreaker.

[@AriettaTheWild17]

Even though Loot Crate did peek my interest when I first heard about it, I quickly decided against it based on the fact that I just had no interest in half of those things. Not every gamer is interested in every game, that’s just a given, and I didn’t want to end up with a bunch of things that would be just a waste of space. As well as money, obviously.

[@halinar1]

"There's a sucker born every minute"

[@spddrcr9801]

I finally canceled my loot crate sub earlier this year due to watching you tubers open crates and then having to wait months for my crate to get to me. Instead of actually shipping crates to paying customers loot crate was going above and beyond for the you tubers who were getting the crates for free. I got my last 3 crates owed to me earlier this month, they were crates from august, September and October and 2 of them had repeat T shirts instead of the shirts all the you tubers and social media people got. It started off as a great thing and then it just seemed to slowly go down the drain like most things do. I currently have nearly 5 years of crates stacked up in my garage. Great vid on the whole situation by the way.

[@booflesnoof]

I don't know what's going on with you, but I wish you the best and hope everything turns out okay

[@slopesgameroom]

Had a death in the family. Happens to everyone at some point! Thanks for the well wishes bud

[@KonolaChopin]

@@slopesgameroom it's times like these that make clicking a thumbs up button a moral quandary.

[@horrorkesh]

Thing I hated about the whole Loot Crate thing is you could never choose what you got so you often ended up getting a bunch of crap you didn't want

[@BeyondDaX]

It wasn't really meant to be anything but a surprise mystery box of stuff. But today's consumers only want direct purchases

[@emperormegaman3856]

That's not "today's" if anything, people are more interested in that in modern days than in the past. It's just that overall, Lootcrate was always guaranteed to give one mostly cheap thing they didn't care about, and one or two cheap things they do care about. making it a bad purchase for most.

[@mr.y.mysterious.video1]

Never understood who would pay a not inconsiderable amount of money each month for stuff that in all probability they would never choose to buy

[@rodmunch69]

I'd totally be in if they'd ever make a Lootcrate for Dukes of Hazzard.

[@frozarburst6350]

Little did he know, Morbius would become a meme years later

[@JamesCollects]

Spread themselves way too thin, it's a shame, some of their older boxes were really good value for money

[@RAC00NFANGIRL]

James Collects nah just cheap crap.

[@Spiritofthecimmarron]

i had the basic loot crate for about a year and got fed up of the tacky stuff they sent that had no use. then they brought out the firefly crate and my and my boyfriend bought it together. we really like the figures in those ones and the other merch was usually good too. then suddenly we stopped reciving boxes and were 4 crates behind and still paying. then they sent two replacement crates to say sorry for the wait and it was full of literal junk from past crates most of which were doubled up in the second crate. i demanded my money back. as far as i am aware nobody ever got another firefly crate after that yet they kept taking the money thats what was the worst thing!

[@kevinericsnell4092]

Loot Crate would like to thank their new sponsor, Nerd Box

[@IronMadden]

Out of all the things that Loot Crate provided, I almost exclusively used Loot Vault to get the stuff I *actually* wanted instead of subscribing to a box with hopes I get things I actually want. They also had quite a lot of discounts and coupon codes for the stuff on the Vault, making a lot of the items on there extremely cheap. That was also something that really dug into Loot Crate's profits, considering you didn't need to buy a $20-$30 box to get that one actually cool item you want from the box. I also took advantage of their blowout sale a couple of months ago, and got a ton of anime items for under $20 (maybe eight items for about $1-$5 each depending) before the Vault was closed. It was cool getting a decent mousepad and a shirt in that box.

[@zinatarata]

A few years ago I and my kids were into loot boxes. We bought these geek themed boxes, Japanese themed boxes with toys or food, makeup boxes and a few others too. It was a real wake up call for me when I started reorganizing and decluttering my home last year, how much stuff we got we would never have bought if it didn't come in these surprise boxes. So even if their market value was more than we paid, probably most of it was stuff we didn't need or want and we would have been better off just using this money buying stuff we actually wanted.

[@littlemisshollie1]

I’ve never been dic*ed about more by a company than I have by lootcrate. Still owed three crates from 2019 with generic messages being sent to me every time I reach out to support. I’m never getting them crates. (Two fallout ones and the third of the LOTR set). I feel dreadfully sorry for the staff members that still work for them but I hope the company goes under and closes for everyone’s sake. Customers and the staff all probably deserve better 😩

[@raycearcher5794]

For a while H. Jon Benjamin did a curated crate of just whatever crap he could put in a box. Each one was guaranteed to include a "really old sci fi novel."

[@PikaLink91]

20:14 I LOVE this part of the Catherine theme

[@rojoshow13]

I don't even remember when I first heard about LootCrate, but it must've been somewhere in the middle of the hype. I think I must've gotten 2 years of crates. But it's been over 2 years since I cancelled my subscription. I didn't even know LootCrate had gone bankrupt because I still see emails showing up in my inbox. I think it's funny though that at one point in time people thought the growth had no end in sight. Because I'm not even an economics minded person and I knew there was a thin bubble that had to burst. And the reason I knew that was because I had about 2 years worth of collectibles that weren't worth anything, a few t-shirts that were kinda okay and a bunch I didn't like. And a closet full of boxes. I had run out of room for any more stuff. I don't have a house or garage or shed and I'm not renting a storage unit for this crap. I rent a small apartment. I think the best things I have from my subscription is a Captain America shield, a Matchbox car in the box...I can't even remember what show it's from... maybe Supernatural. I have an Infinity Gauntlet oven mitt that I'll never actually use. My kids have most of the other figures and toys. And I wear the shirts when I haven't showered and I'm not going anywhere.

[@keevansixx4185]

You also forgot to mention that LC overspent for a tour school bus with custom repaint, and the excessive spending on convention hopping by a handful of LC employees on the company dime. when I saw that bus, I knew something was wrong...when they added a dozen of different product lines instead of consolidating into one or two good crates to maximize profits...I walked away. Loot crate should be the prime example of what NOT to do in the subscription box market.

[@MagnustheMage]

I had a lootcrate subscription. they didn't send it for the first month or two, then they sent them even after the subscription was long gone. now, I've gotten like, 2 each week now. but hey, all the free t-shirts have saved me from having to get new clothes for a while!

[@roadrash90]

I think you're wrong in saying that content creators just got 3 free lot crates for unboxing them, I remember some content creators having referral links and we all know what that means, maybe they were giving you a crappy deal. Another top notch video man. 👍😀

[@prof.loophole9708]

Thing I hated was how crates had this self made stuff that was completely worthless like the look anime poster of their self made anime character doing stuff, and then the folded the poster to fit in the box. So not only would I not care to put it on my wall, but even of I liked the art it has massive creases in the paper that will never go away

[@thekrautist]

I'd just like to say, thank you for not putting an apostrophe in the "its".

[@btr3k]

Was thinking the same thing! Sadly though, one of other pet peeves... “corps” (as in ‘Marvel Collector Corps”) was mispronounced. Didn’t stop me from enjoying the video though of course!

[@exploderwrestlingpodcast2721]

The biggest problem with Loot Crate in particular was this: they spent their money buying influence (marketing, sponsored videos, etc) while cheaping out on their actual product. So they were spending all their money to let as many people as possible know they exist, then sent them t shirts, key chains, stickers, and other overstock swag that you wouldn't care if you left behind in your hotel room.

[@ColdHighway7]

I think I lasted about six months before I canceled mine, I realized that I was just throwing money away when most of the stuff that came in the crates I didn't want and it just became too cluttered in my home. Since then the only thing I spent money on was when Limited Run had the special edition for the Command and Conquer Remaster because I'm a big fan of the series.

[@NinjaRed5000]

I remember Loot Crate being sponsored by The Gamer from Mars, and seeing all the Funko Pops coming out of those boxes made me forget about Loot Crate ever existing. I hate Funko Pops.

[@gvohardcore]

We all said once "This thing is just random trash" but end up in the website deciding whether or not to buy it lol. I just knew that something was going bad with the company when big youtubers started a trend to burn, desfigure, trash the loot while filming just to see if they get their subscription cancelled. A youtuber vocally rejecting advertisement it's a very bad signal.

[@star20alpha]

I'm a former Crater. I hadn't paid any attention until I got the email talking about their buyout, and lack of funds. Checked my account, realized I was 3 months behind on my crates. Cancelled right then, haven't looked back.

[@comettamer]

I've ordered a few of these over the years. Still have the Overwatch "Primal Rage" t-shirt that came in their wild box, as well as the graphic novel "Sweets & Lightnjng" from their food themed box.

[@michaeltsouris8190]

18:32 wait, what were we talking about? I got distracted.

[@zombiexsix]

I feel the same way about those clothing subscriptions, it's totally just clearance stuff they bought too much of so they stick it all in a box. But it's like a black sweater... Why do I need a "stylist" to pick a black sweater? Everyone on earth already has a black sweater!

[@frostare]

"Was my confusion so great I clicked on a Larry video while thinking it was Daniel's?" ~My first thought when the vid began. I love how informed you are and all the assets you use for our better undesrtanding. Thank you man for delivering these so nicely.!

[@peterdoa1]

the quote Ashens f'n inflatable crown

[@elmoisred616]

I got loot crate for just one month for dark souls exclusives and specifically selected the "1 month only" not the subscription and of course they charged me again the next month and I got overwatch stuff and i could give less of a shit about overwatch. Was done with loot crate indefinitely after that.

[@TheDigitalThreat]

I survive the 2010-2020 era without owning one single useless funko pop.

[@astrosteve]

I didn't even realize lootcrate was having issues. But this is the first time I've even heard them mentioned in probably two years, if not more. I do remember looking through what boxes offered during lootcrate's height and thinking there was 1, maybe 2, things I actually wanted and the rest was garbage I didn't care about. I never did end up subscribing because I just couldn't justify it.

[@fanjestic4294]

It's good to see I'm not the only one who was thinking 'what do I need all this extra crap for anyway?'

[@melskunk]

I bought a box that was designed around specific fandoms, different ones every few months which you could purchase in advance if you liked them. That brand lasted as a company for 3 years before it couldn't hack it anymore. I feel like that should have been my warning about what would happen to Lootcrate...and how likely specific loot box sets people will buy if they like will go for them

[@TheIndulged1]

I preferred the lucky bag's back in the 80's you normally got a shit plastic whistle and a candy necklace for 10p, but they got banned I think for promoting gambling to children, strange how things don't change much.

[@odinsplaygrounds]

It’s just a box of trash promotional materials usually handed out for free at events.

[@stingersplash]

Not at all true but you keep believing it. I've never seen any free stuff outside of a few pens.

[@megmorningstar4250]

I haven't subscribed to LC at all and even I know it's not true xd

[@KnakuanaRka]

That’s a bit of a stretch, but yeah, most of it seems to be rubbish you could get at a dollar store.

[@jefferyjones8399]

My old roommate was a Loot Crate subscriber and I watched him amass so much junk over the years. I think he only really liked one or two things out of every crate. He tried to sell me quite a few items that he had sitting around. I had a feeling the bubble was going to burst when people got sick of it.

[@randomizer1666]

When I started seeing these things getting big I stopped calling them by their official names, and just started referring to all of them as 'crap crates'... I remember having discussions with one of my brothers along the lines of 'what's so and so doing on their channel?' "Just another crap crate opening.." 'Nothing to watch there then.'

[@RetroDoneRight]

Just curious, where'd you get that pine pot neon sign?

[@slopesgameroom]

got it custom made :)

[@RetroDoneRight]

@@slopesgameroom sadly that's what I figured. It's super sick. If the person/company still takes custom orders point me in their direction. Love the channel!

[@slopesgameroom]

@@RetroDoneRight I would be happy to recommend them... However, the remote control I had to pay extra for has stopped working (only a tenner extra mind you) I asked them to replace it, they have seen the messages and are ignoring me... Can't recommend people like that sadly

[@RetroDoneRight]

@@slopesgameroom No worries, and can't say I blame you. Thanks a bunch!

[@Ecwfan]

Never had a Lootcrate deal and was tempted a couple years ago as I started to get more into video games. But I realized as I saw one box , they could send me nothing but crap games and I'd be stuck trying to get rid of them lol. So I never signed up for them.

[@johnv7317]

I stick to the good old fashion unwrapping of birthday or Christmas gifts. Another thing Merry Christmas Daniel.

[@KarIgnishaYumi]

i never understood wanting to get random stuff. unless maybe a hardcore harry potter fan and ok with random stuff....hmm. same at convention loot bags of random stuff.

[@RAC00NFANGIRL]

R. Alisha no because I’m not into cheap crap where I could buy something more with 29.99 like a Batman who laughs statue which what I really want or poster of the joker on my wall.

[@RAC00NFANGIRL]

R. Alisha nope! Sometimes I forget what I buy off amazon and like Christmas morning!

[@KarIgnishaYumi]

@R. Alisha I guess i could see it as Christmas.

[@BlackRavenRiot]

He looks and sounds like a very young Jeremy Clarkson.

[@CoolHandJames]

Astonishing after that first box everyone didn't demand their money back and they were bankrupted. Thats genuinely the worst product I've ever seen, and I've watched ashens later loot crate videos.

[@Olaffbog]

Oh, that explains all of those 'unboxing' vids I have ignored and wondered about but not enough to find out what it was all about. Person opens a box - I never got the intrigue. Thanks for this history; it settles my casual curiosity. Dan is a star; offering answers to questions I didn't realise was asking.

[@lostempire6862]

Chris, one of the two founders is actually a buddy of mine. Thanks for the video!

[@RAC00NFANGIRL]

Lost Empire tell him he had worst idea ever!

[@Cyberbrickmaster1986]

Yotam, the creator of the Nameless flash series made a funny parody of Loot Crate called Theft Box, which really hit the nail on the head about the problems with this service!

[@MycIRL]

I had lootcrate in September 2013 for like 6months. It was alright. I still have a few things from them, either because I’m too lazy to throw them out or because I use the tshirts as sleep shirts or when I dye my hair. I still subscribe to a subscription box, but it’s for art supplies. Lootcrate was just too broad for me, and lots of people, in its best days. I don’t recall getting anything in any of the boxes that I really enjoyed, understood references, or was even interested in.

[@BordersDude]

The ashens and when they did them (before they got taken off them) whatculture where the best. It's a short lived fad and fun while it lasted. Was cool to see fellow Transformers fan Larkin's Lair getting a little cameo there. Great video man 👍

[@kirbynat493]

I was not expecting to hear Ace Attorney music in this vid. And Team Rocket's background theme. Lol

[@newdgamer4118]

LC's biggest issue was trying to appeal to too many people with each box. I'd have loved it if they went with 1 or 2 high quality items, rather than the 1 mediocre/6 garbage, ratio they chose. Even if I didn't like the 1 to 2 items, it would be something worth gifting if it was quality. I'm not gifting a Supernatural hotwheels, or rando nerd keychain to someone.

[@bliglum]

Lootcrate is consumerism gone mad... Here, take my money and give me a product!! I don't know, or care what it is, just gimme gimme gimme!!!! Yay! More garbage to bury us with in the future!

[@Loveistheirwholehapp]

Could you put the name of the music you use in your video. I love the music that was playing when you were talking about Groot. What was it named and what is it from?

[@ravenjones5516]

I had the subs before, but as crates got pushed back and back in subs I gave up on it. While I did get the crates I initially bought I'm not likely to go back anytime soon I mean hell. I got a box I never even paid for

[@kiriana765]

when you watch a video about loot crate but get a guy talking about funko pops