That might be one of the reasons why there are only 29 subscribers at the moment--a number that leaves me dumbfounded, because I know damn well there are way more people than that who've been awaiting the release of the channel.
It's easy to overestimate the importance of that metric, though. Some people can watch loads of content on a given channel and still never subscribe to it. I do that a whole bunch. No idea why. But based on what some youtubers are saying when they're asking people to subscribe, I'm definitely not the only one who does it.