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by zemvpferreira
944 days ago
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Quite possibly. Here's what irks me: no one promises businesses/entrepreneurs a right to earn money doing what you want. You find a market to serve and use leverage to extract a price for your service. You don't find your market and leverage, you don't make money. Lord knows I've made and lost plenty. There's at least a sizeable minority that doesn't believe this applies to professions, especially creative ones. That effort or talent or belief mean you're entitled to make a living at some thing. I'm sorry to everyone who invested 20 years in their promising celloist career but I just don't support that notion. |
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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.