3 ms·
> no one promises businesses/entrepreneurs a right to earn money doing what you want. I dont know if that's true anymore. It seems that investors are happy to
by rchaud 3y ago
> no one promises businesses/entrepreneurs a right to earn money doing what you want.
I dont know if that's true anymore. It seems that investors are happy to make founders incredibly rich well before the company even shows a hint of profitability. Daniel Ek being a billionaire in spite of never turning a profit isn't in line with business orthodoxy.
With creative professionals, they might get a fat advance from their record label, but it'll be clawed
back with studio fees, tour logistics and managerial fees.
- zemvpferreira 3y agoFor every entrepreneur who gets rich off mooching from vc, 10000 are reading your comment with despair. Most people never get any funding to begin with. Not so different I would say.