I invested (way, way, way below the line) in a show which opened off–Broadway a few weeks ago. Had rave reviews when it ran outside NYC and was supposed to ope

I invested (way, way, way below the line) in a show which opened off–Broadway a few weeks ago. Had rave reviews when it ran outside NYC and was supposed to open in April 2020. For some odd reason they had to delay the opening to November 2021. It opened, the audience seemed to love it, but one review in the home town paper of record tanked it, I expect it to close this week or next. Off-off Broadway to Off–Broadway is doable, but the economics of adding that extra seat (499 to 500) and becoming a “Broadway” show are just unrealistic for a lot of shows. Different union requirements, plus the theatres impose different costs, and you have to raise a lot more money to open a Broadway show, regardless of where it’s coming from (out of town, off/off-off, local workshop, etc). The only "off off" Broadway show I can think of that made it on Broadway in recent times was Hedwig (started in the Jane hotel bar IIRC), and that took a detour through being turned into a movie. If anything, investing in startups feels easier, I could have spread the same amount of money across multiple startups, figure on losing 33-50%, breaking even a bit, and having one or two return everything. In contrast in a musical or play you’re gambling that the combination of director, cast, band, theatre, mood of the reviewers, mood of the audience will combine just the right way.