4 ms·
There are a lot of celebrity investors like that. They usually have zero day-to-day interaction with the business aside from a launch blog/press release like th
by hctaw 5y ago
There are a lot of celebrity investors like that. They usually have zero day-to-day interaction with the business aside from a launch blog/press release like this one.
- ajcp 5y agoNo doubt, no doubt. At what point does Will.i.am realize this is doing him more harm than good here.
- hctaw 5y agoHow would it harm him? I'm sure he's being paid in equity with liquidation preference. His biggest investment is his name on something like this. This happens all the time with low tier VCs (although a few big ones have celebrities that come out of the woodwork during raises) and companies that have trouble raising money from angel investors more in the know. Go pick an athlete or musician and they probably have some startup with their name attached.
- ajcp 5y agoHe's diluting his names value by attaching it to failed products. Eventually his name will be synonymous with failed products, at that point his biggest revenue generator is...vapor.
- atat7024 5y ago> Eventually his name will be synonymous with failed products, You're overestimating consumers' capacity to read, well, anything.
- bobthepanda 5y agoAlso if a product fails because no one has heard of it, how would you expect them to know?