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by rchaud 944 days 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.

1 comments

For 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.