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I COME IN PEACE's avatar

OT shameless promotion: LUGGY TON's sister band just released another record, OBSOLETE MEATS II, give it a spin whydontcha.

https://obsoletemeats.bandcamp.com/album/obsolete-meats-ii?label=1752503009

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Sherman McCoy's avatar

The Doug thing really comes down to perceived privilege and nuance (I texted with him about this topic last night):

He was certainly privileged in some ways, but not necessarily in others.

-Grew up in suburban Denver, a world away from sponsor-backed exits

-Went to Emory undergrad and graduated debt free; his older brother had earned an undergraduate scholarship which, according to the telling, afforded his parents the ability to pay Doug’s way in full to Emory

-Doug went to work for PCNA out of school; anyone who knows anything about PCNA knows that (1) the pay is poor, (2) most of the people they hire are unremarkable (they don’t recruit at good schools), and (3) very little value is created at PCNA: they don’t engineer or market or sell the cars, they merely import them from PAG and sell them to dealers and then provide after sales support (and PR, of course!)

-I knew him before he got the 360, and I recall from that time that his parents did co-sign the loan; obviously they were never had to come out of pocket and bail him out from the car.

-He was an early YouTuber and was fortunate to be in the space before it got crowded.

-Then - unlike most (any?) other prominent car YouTubers - he was smart enough to build an ancillary business, which is the only online auction site with any real viability beyond BaT; how many others have exited?

-And the exit: He got Peter Chernin (smart money) to write him a big, fat check!

Edit: In summary, he’s a (very) smart guy from a middle class and middle income background who went out of his way to say he was very fortunate / lucky (he belabored this point, in fact) in the now-deleted video. It went over the heads of the peanut gallery, which is no surprise.

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