Jeff Lerner
Well-Known Member
Got that too. I like how they're calling it a "shipping delay" as if the records are sitting in the warehouse and they're just waiting for the truck driver to get back from his bathroom break
Vinyl Me Please (store, exclusives, swaps, etc)
- Thread starter Captainfog
- Start date
NewsFedora
Well-Known Member
This was a TBT title I ordered in early April. After months of asking about when it was gonna ship, it got canceled abruptly today. A bunch of other people in the discord also said they had various orders canceled.
A more suspicious person might note that this all happened on July 2, a day after the beginning of a new fiscal quarter, while all the aforementioned purchases would be shown as sales in the previous quarter. Not me tho, it was just a little oopsie VMP made. A three-month-long oopsie. It happens.
Melt Face Molly Drop
Well-Known Member
Classic case of misleading the shareholders
MyWifeHatesTrain
Frothy
They should fire Matt. Lol
NewsFedora
Well-Known Member
They’ve got it down to an art form at this point lol
MikeH
Well-Known Member
It sucks that this got cancelled. Not so sure a cancellation of a few people’s orders is some investor number pumping scam…but wouldn’t be surprised if this was oversold due to their shitty site and inventory. Blackout was showing as available in swaps when VMP said it was completely sold out and won’t be shocked if people get cancellations on that too.
MyWifeHatesTrain
Frothy
Let me put in my MIA hat for a second…
Their inventory and site have been shitty for so long that at this point, you have to think that it might be shitty on purpose. This might allow them to continue some low level grifts and be like “aw shucks…” about it every single fucking time.
MyWifeHatesTrain
Frothy
I mean think about what Cam is accused of for a minute. He has been with the company since go… the only reason he might think he could pull that kind of shit off is because the culture of the company allowed him to think he could.
Melt Face Molly Drop
Well-Known Member
Just let us have this. LET US.
MikeH
Well-Known Member
Their inventory and site suck because they refuse to invest money back into the company to actually improve things. And they refuse to hire people who know what they are doing. Remember the website migration? Oof.
bdm105
Well-Known Member
Fire him again, right?
MyWifeHatesTrain
Frothy
And it could all just be the grift!!!!
MyWifeHatesTrain
Frothy
Wait, Matt got fired…. When? Can I read the story? I HATE that guy.
bdm105
Well-Known Member
Didn't he lose the ceo job to cam and then is back now because of the plant fiasco?
MyWifeHatesTrain
Frothy
I don’t think he lost it. I think he was working on other things or some shit. I don’t know.
MyWifeHatesTrain
Frothy
Here:
www.shopify.com
Lots of fun tidbits in there, like they’ve always known that inventory is an issue…
But yeah Matt left VMp to start this company:
www.unbrkble.com
Hahahahaha. lol hahahahahahaha lol hahahahahahah.
The 8-Figure Business Built on Vinyl Records and Subscriptions (2023) - Shopify
Matt Fiedler co-founded Vinyl Me, Please, a subscription-based vinyl-membership business, to give people the tangible connection to music they craved. After the first five years of bootstrapping, the business brought in over $11 million in revenue, and signed up more than 30,000 subscribers.
www.shopify.com
Lots of fun tidbits in there, like they’ve always known that inventory is an issue…
But yeah Matt left VMp to start this company:
UNBRKBLE
Founded by serial entrepreneurs, and subscription & membership economy experts, Dave Cobban and Matt Fiedler, UNBRKBLE develops and delivers consumer-centric tools and strategies for companies to deepen their relationship with their customers.
www.unbrkble.com
Hahahahaha. lol hahahahahahaha lol hahahahahahah.
Melt Face Molly Drop
Well-Known Member
Unbarkable. We teach your dog not to bark at those delivering your records.Here:
The 8-Figure Business Built on Vinyl Records and Subscriptions (2023) - Shopify
Matt Fiedler co-founded Vinyl Me, Please, a subscription-based vinyl-membership business, to give people the tangible connection to music they craved. After the first five years of bootstrapping, the business brought in over $11 million in revenue, and signed up more than 30,000 subscribers.
Lots of fun tidbits in there, like they’ve always known that inventory is an issue…
But yeah Matt left VMp to start this company:
UNBRKBLE
Founded by serial entrepreneurs, and subscription & membership economy experts, Dave Cobban and Matt Fiedler, UNBRKBLE develops and delivers consumer-centric tools and strategies for companies to deepen their relationship with their customers.
Hahahahaha. lol hahahahahahaha lol hahahahahahah.
Portland Sheriff
Well-Known Member
Nothing screams, “we’re building a blue-chip brand for the long term” like removing vowels from the name.Here:
The 8-Figure Business Built on Vinyl Records and Subscriptions (2023) - Shopify
Matt Fiedler co-founded Vinyl Me, Please, a subscription-based vinyl-membership business, to give people the tangible connection to music they craved. After the first five years of bootstrapping, the business brought in over $11 million in revenue, and signed up more than 30,000 subscribers.
Lots of fun tidbits in there, like they’ve always known that inventory is an issue…
But yeah Matt left VMp to start this company:
UNBRKBLE
Founded by serial entrepreneurs, and subscription & membership economy experts, Dave Cobban and Matt Fiedler, UNBRKBLE develops and delivers consumer-centric tools and strategies for companies to deepen their relationship with their customers.
Hahahahaha. lol hahahahahahaha lol hahahahahahah.
SO FCKNG ORGNL!!
Portland Sheriff
Well-Known Member
I’m normally in the camp that you seem to be in sometimes where I see rational, normal biz reasons for something that could also be some really bad acting, and I know better from too much experience than to take allegations in a legal Complaint at face value without serious critical thinking, but, to me, the post-quarter timing of this actually does look like shenanigans. They just happened to figure out the inventory issues on the Monday after a quarter?
EDIT — and there could be bad reasons why they did this that have nothing to do w the legal problems. For example, their financing/credit line could be dependent on ratios or other metrics involving their balance sheet — where the bank has the right to call in a credit line if the cash/asset/whatever-to-debt ratio isn’t at a certain level. Struggling companies that rely on financing to build inventory have to monitor this day-to-day, especially in a high-inflation, high-variable-interest-rate environment.
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MyWifeHatesTrain
Frothy
Those O’s hurt my eyes!!!!