Why aren't more rappers doing what Chamillionaire did?

CopiousX

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Yea I work in the industry, that why I can say almost everybody in this shyt has a fukked up contract if they’re in a major label deal.

Some dudes just make so much money they don’t notice it, 10 million dollars sounds like a lot of money until you realize you generated 100million plus for the label.
Oppourtunity cost tho. Its a gamble for every new artist they sign from the mgmt side



10:1 is fair given the incredible risk involved. They could easily finance nine blueface(s), just to find a single Kendrick Lamar.
 

L&HH

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Mims has done similar:

 

Duke Wy Lin

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Mims has done similar:




Mims’ inspiration for the app dates all the way back to the aftermath of “This Is Why I’m Hot.” He and Mendelson say Mims grossed roughly $18 million that year for Capitol, which had paid Mims an advance of $850,000. But after accounting for seven-figure promotional budgets, he recouped only $30,000 or so.

:picard:

Smart man though. Saw a problem and tried to provide a solution.
 

L&HH

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The not reading your contract thing is overblown, the major labels are a cartel, they all give out the same shytty record deals and the only way you can avoid it is if you already generating good income as an artist and don’t really need them.

Whenever a artist comes out complaining about their contract it’s funny to me, because all the other artist know they signed the same fukked up contract for a chance in the music industry, but don’t want the fans to blast them as a dumbass that’s not on top of their business.
Nah after watching Larussell speak in this video some of these label ppl def doing some sheisty. Sending someone the wrong contract whether intentional or not is whack as fukk

 

Amestafuu (Emeritus)

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Mims has done similar:

the only similarity is both are in the tech space but Chamillionaire has already profited millions. That article is about mims trying to launch a product 5 years ago that never popped.

"has done similar"

that's like saying me recording a mixtape in my room no one will ever hear is the same achievement level as Nas dropping illmatic, the greatest rap album of all time.


:dahell:
 

L&HH

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the only similarity is both are in the tech space but Chamillionaire has already profited millions. That article is about mims trying to launch a product 5 years ago that never popped.

"has done similar"

that's like saying me recording a mixtape in my room no one will ever hear is the same achievement level as Nas dropping illmatic, the greatest rap album of all time.


:dahell:
That’s a fair assessment. I thought this thread was just about rappers investing in the tech space not necessarily the results. So then what’s op’s expectation here? He’s asking why other rappers “don’t do like Chamillionaire” but doesn’t take into account how difficult it is to even have a successful/profitable tech startup? So how do we know rappers ain’t doing this but we just don’t know because they shyt flopped? Thread sounds like survivorship bias.


Here’s another one about Jim Jones and a quarantine studio’s endeavor he was involved with:


Are we only supposed to talk about the successful shyt because that’s going to be a very short list.
 

Duke Wy Lin

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That’s a fair assessment. I thought this thread was just about rappers investing in the tech space not necessarily the results. So then what’s op’s expectation here? He’s asking why other rappers “don’t do like Chamillionaire” but doesn’t take into account how difficult it is to even have a successful/profitable tech startup? So how do we know rappers ain’t doing this but we just don’t know because they shyt flopped? Thread sounds like survivorship bias.

I'm talking about the mindset of coming into the game with a plan and using rap money to fund other business endeavors. Most rappers are more like salaried employees than entrepreneurs.
 

Amestafuu (Emeritus)

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That’s a fair assessment. I thought this thread was just about rappers investing in the tech space not necessarily the results. So then what’s op’s expectation here? He’s asking why other rappers “don’t do like Chamillionaire” but doesn’t take into account how difficult it is to even have a successful/profitable tech startup? So how do we know rappers ain’t doing this but we just don’t know because they shyt flopped? Thread sounds like survivorship bias.


Here’s another one about Jim Jones and a quarantine studio’s endeavor he was involved with:


Are we only supposed to talk about the successful shyt because that’s going to be a very short list.
better to talk about tried and proven shyt or you gonna be filtering thru a list of NFT salesmen and so forth

bros that were slanging all those bust coins were also in the tech space. did you listen to Chams investments. Lyft, ring... winners

smart investments.
 

CrimsonTider

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I'm talking about the mindset of coming into the game with a plan and using rap money to fund other business endeavors. Most rappers are more like salaried employees than entrepreneurs.
This is straight up bullshyt
 

MasterThought

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Rap/ hip-hop culture is PURPOSELY DESIGNED to glorify an extremely anti-intellectual & fiscally irresponsible lifestyle to the black community.

Why in the hell would you think rappers (the #1 group that black people look up to and follow) would even be allowed to spread financial responsibility to the black community?

The majority of rappers are nothing but extensions of white supremacy put on a pedestal to keep black folk dumbed down.
 
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