Post by Erik Torenberg on X
Erik Torenberg@eriktorenberg
XLabels effectively "acquihire" artists for ~$1m.
Surprisingly, if you offer them e.g $200K at $2m valuation, they'll reject b/c they value upfront $ more than equity.
So that's why you can't disrupt labels, you need to disrupt how artists think about ownership.
h/t @__aston__
356 likes18 repliesPosted Mar 11, 2020