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The investment into superstars looks like a new spin on slavery. Shall we call this equity bondage? Your bank calls, your credit card is at its limit and you j
by ppereira 17y ago
The investment into superstars looks like a new spin on slavery. Shall we call this equity bondage?
Your bank calls, your credit card is at its limit and you just missed your mortgage payment. But don't worry, they are willing to front you $100,000 now for 15% of your future earnings.
- byrneseyeview 17y agoI really wish more people would see things your way! If we all thought that selling 15% or more of your annual income was bad, imagine what we'd think of having it taken without our permission! (Also, is there any price at which you'd call that a fair deal? What if I sold that 15% for twice its net present value? I could do less work, and still have more money! I always thought the problem with slavery was the involuntary servitude thing; knowing that slavery is morally equivalent to venture capital certainly changes things.)