There is a show on TV called Shark Tank that allows entrepreneurs to come pitch ideas for their products, services, etc, and very rich people can give them money (or not). This band was offered 200,000 to give 50% of ALL of their income.
To me, I don’t think that’s a good deal. That money would be chewed up within a year of recording and touring, and then your stuck FOREVER paying 50% to one person before you divide the other 50% with your band (3 people), manager, lawyer, publicist, record label, etc.
What would you have done? Leave your comments below
Leave A Reply (2 comments so far)
Dave
360 days ago
No way. No-brainer.
Vicki Carr
360 days ago
They did the right thing. That money will be eaten up in no time, touring, paying that guy to represent them, and paying for merchandise and advertising. I would have countered with 15%. If the band hits, 15% of multiple millions is a pretty good return on investment.