Love your writing but I think you will lose money on this deal. You should seek some control when investing in "creators". Why 1) people do stupid things 2) being a good creator does not make you a good or prudent business person. I could go on but I won't.
Being a good creator also doesn't disqualify you from being a good or prudent business person. I would argue the typical creator who has successfully gone "full-time" is a better entrepreneur than most business people. They're managing PnL well from day 1.
Question: does that mean you own 10% of any source of revenue from the creator for the rest of their life / what stops the creator from cutting you out of a future revenue source (Ex. a new media platform to monetize on) or setting up a venture outside of the holding company?
This is great. Can’t believe no one else really did this first. I guess I’ve seen it with YouTubers. But that’s it.
Love it. Can I still invest in Jack Raines Inc?
Yes plz venmo me $100
Probably my favorite creator on this app. Pumped for the book drop, and anything else in the pipeline.
Good luck Jack 🍀
Love your writing but I think you will lose money on this deal. You should seek some control when investing in "creators". Why 1) people do stupid things 2) being a good creator does not make you a good or prudent business person. I could go on but I won't.
Being a good creator also doesn't disqualify you from being a good or prudent business person. I would argue the typical creator who has successfully gone "full-time" is a better entrepreneur than most business people. They're managing PnL well from day 1.
Question: does that mean you own 10% of any source of revenue from the creator for the rest of their life / what stops the creator from cutting you out of a future revenue source (Ex. a new media platform to monetize on) or setting up a venture outside of the holding company?
Love this idea! Working to become someone worth investing in. Great inspiration for me today!
Watching your evolution over the last couple years has been a treat. Excited to see this next chapter!