[dbalatero]

I think the phrase is quite apt if you remove the "successful" qualifier. Most likely this was just an oversight in his writing.

"Imagine record labels staffed with nothing but the people from bands, using their money to give other artists a faster way to the top."

This actually resonates with me deeply, as the record label I just launched (http://tableandchairsmusic.com) is staffed with 14 out of 14 artists, and we re-invest 100% of the money we make back into helping our artists grow. I wouldn't say we're successful yet, since we just launched last Saturday, but we are in extreme support of innovation :)