![]() ![]() That’s not what you call forward-looking financial management. Vice Media originally started back in 1994 by Shane Smith as an indie, counter-culture magazine that pushed the limits of journalism with its controversial social topics and graphic content. ![]() In 2019, Vice borrowed money to fund ongoing operations, a move which left it “saddled with a significant amount of leverage,” he added. History Founding and early years (19942005) Vice Media founders Shane Smith, 23 Suroosh Alvi 11 and Gavin McInnes 24 launched the magazine Voice of Montreal in October 1994 in Montreal, Quebec, Canada with government funding, to cover music, art, trends and drug culture not covered in print. For instance, after raising a significant sum in 2017 (when it got its famous peak valuation), Vice invested heavily in “content, operations and infrastructure that did not provide an immediate return and resulted in significant losses and increased expenses,” the restructuring executive said in today’s declaration. But the details emerging from today’s bankruptcy filing makes clear just how much a plentiful supply of cash held back Vice’s ability to become a profitable enterprise. Vice’s history has been extensively chronicled over the years, including in this piece in The Information. And investors both big and not-so-big (TPG, TCV, Disney and James Murdoch) enabled it, by repeatedly writing checks. This court filing today by a restructuring executive at Vice laid out the sorry history of the company, which lived beyond its means for… well, at least since it started raising serious money. At least, that is, if you’re a startup, as was clear in the paperwork accompanying today’s bankruptcy filing by Vice Media, famously valued at $5.7 billion a few years ago (mostly thanks to the blustery claims of its founder, Shane Smith). VICE may also be known as or be related to VICE, VICE Media, Vice Media, Vice Media LLC, Vice Media, LLC and Vice Media, LLC.There is such a thing as having too much money. ![]() The data presented on this page does not represent the view of VICE and its employees or that of Zippia. Author Robert Evans elucidates the connection. None of the information on this page has been provided or approved by VICE. A (Brief) History of Vice is a bizarre (but wonderful) blend of sociobiology, gonzo journalism, and Betty Crocker. ![]() While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Upon returning to Canada in 1994, Shane and two of his friends, Suroosh Alvi and Gavin McInnes, founded Vice Media and consequently, Vice Magazine. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Shane Smith, VICE Media co-founder, discusses how he and VICEs audience found themselves interested in news at the 2014 Knight Media Innovation Awards. The employee data is based on information from people who have self-reported their past or current employments at VICE. Zippia gives an in-depth look into the details of VICE, including salaries, political affiliations, employee data, and more, in order to inform job seekers about VICE. ![]()
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