What Entrepreneurs can learn from independent musicians!

Bottom Line: Entrepreneurs face many of the same predicaments as musicians do, especially around raising money or signing that big record deal with a music label. Substantially more artists are choosing to go independent and that might not be such a bad idea for entrepreneurs either.

VC’s are like music labels – they both provide investment and place bets on founders and artists and expect substantial returns for their investments.

Growth options for entrepreneurs and artists:

Option 1 for Entrepreneurs = accept outside investment

Option 1 for Artist = sign with a record label

Takeaway for Option 1 = these options come with a high expectations such as rapid growth, a lot of buzz, and doesn’t always have a lot of staying power.

Option 2 for Entrepreneurs = bootstrap your idea and use the profits to build the business further

Option 2 for Artist = launch your music independently and keep all your profits

Takeaway for Option 2 = growth would be slower but more sustainable, you’ll have to really connect with your customers and fans, and this leaves you in complete control of your business and your art.

If you like what you read I’d really appreciate if you’d share it with others that you think could benifit

Deep Talks

Written by

Deep Talks

Deepak Devjani is an engineer-turned-PM. Investor. Growth ReliableBits.io. Currently building a analytics play, PulseMetrics.io - How can I help?

Deepak Devjani can be found on , , YouTube

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