Is 100 Thieves A “Predatory Org?”

There seems to be some trouble brewing for 100 Thieves. This comes after former team member Erind “Froste” Puka alleged the organization underpaid him.

Froste described the “predatory” payment practices during a recent live stream on Twitch. After joining 100 Thieves’ four-person content creator team known as The Mob back in 2019, Puka claimed that they were paid as little as $1,650 a month despite being required to live in an expensive house ($10,000/month in rent). He also alleged that 100 Thieves took 95% of the team’s sponsorship income.

Puka later clarified that living in that specific house wasn’t a requirement. Instead, the contract signed by The Mob stipulated that the house be less than 10 minutes away from 100 Thieves’ base of operations.

Matthew “NadeShot” Haag, the founder and current CEO of 100 Thieves, addressed these allegations. He explained that 100 Thieves received 85% of payments, not the 95% mentioned by Puka. Furthermore, he claimed that two of the three deals signed by The Mob only saw 100 Thieves take a 35% cut of the revenue.

While the situation is still unfolding, prominent members of 100 Thieves came to the defense of the company. Noah “NoahJ456” Johnson said he was treated “respectfully.” Two other creators (BrookeAB and Raw) also said that Haag has “heart.”

The Profit‘s Take:

These allegations are serious. Whether they are 100% accurate or not, it’s been obvious that this org is being mismanaged and that there’s probably not enough oversight from their investors. I’ve been critical of the way it’s being run. Even if Nadeshot is a great guy and a good streamer, he’s probably in over his head with 100T. This situation only strengthens that hypothesis. I suspect Froste is telling the truth, and 100 Thieves doesn’t want this contract to come out because it’s probably very oppressive and one-sided. That was the state of the industry when these deals were signed. They knew they could take advantage and they did. You can blame Froste for taking a bad deal. But, there’s a bigger conversation to be had here regarding oversight of these deals. We need some structure that prevents these things from happening. This is bad for the industry as a whole. 100 Thieves needs to be able to survive off a 20% cut. If they can’t, then maybe they’re not a viable business.

(All information was provided by Kotaku and Wikipedia)