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Why does YCombinator deserve equity (value) from successes of the YC program, these are internet companies, aren't msot of the company's benefits intangible "sm
by jbigelow76 15y ago
Why does YCombinator deserve equity (value) from successes of the YC program, these are internet companies, aren't msot of the company's benefits intangible "smells" much like music?
Wait. Let me guess... because they invested, so they deserve to profit right?
So somebody please explain to me why the media industries are different. If anybody thinks music is free please go price out studio time before replying.
- angersock 15y ago$400 dollars for a full day of recording (http://www.inthejarstudios.com/rates.htm http://www.inthejarstudios.com/rates.htm). I have to pay for my own woodworking tools and computers, but I don't expect people to subsidize me in my hobby. And if I decided to go pro--which in the case of computers I have--I would make sure I only make things the market wants, and not take on shitty contracts signing away future sale equity until some vaguely defined point in the future.
- jbigelow76 15y agoSubsidizing a hobby is not an accurate analogy. Is a doctor practicing medicine for pay subsidizing their hobby or are they trying to derive value from their efforts? Just because somebody may enjoy what they do to produce that value doesn't mean it de facto becomes "free".
- angersock 15y agoUntil you make money because people are willing to pay for what you have and will do so even in the presence of cheaper alternatives, yeah, it's a hobby.
- jbigelow76 15y agoWell the labels paid specific artists despite cheaper alternatives immediately taking them out of the "hobby" category.
- dclowd9901 15y agoI just turned on my laptop and hit the record button. And the other day, I turned on a $20 tape recorder. Perhaps you should expand your ideas of what constitutes publishable music.
- jbigelow76 15y agoIf you get somebody to pay for either one of your masterpieces feel free to post sales numbers. Edit: And perhaps you should expand on why YC deserves value from its investments and other industries do not. That's more important than either of our snarkiness.