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.
> 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.
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.
Considering Spotify has never made a profit in its history, they're in good company.
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.
> 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.
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.