← yecombinator
ye@kanyewest

5. ADVANCES ARE JUST LOANS!! On Artists re-signing these stop. Advances are Loans with 75% interest rates (or worse). NO other business in the world takes a look at the business, buys shares, starts to profit when it profits. Record Companies have to buy into you, not loan you.

tweetSep 20, 2020
“5. ADVANCES ARE JUST LOANS!! On Artists re-signing these stop. Advances are Loan…” — ye · yecombinator