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- Before Kayne West but I published it after his rant. For more, click here - http://www.techcrunch.com/2009/05/12/kayne-west-is-mad-as-hell-at-twitter-and-hes-not-going-to-take-this-anymore/
- Did you write this before or after the Kayne West rant?
- Pam, Many thanks for your correction. My bad is all the more severe since I googled the term for the correct spelling before publishing my post. Apparently, there's a number of us out there...
- Alas, SAG seems suicidal - it's working on a very old paradigm & refuses to wake up to the new digital era! (P.S. it's "Sturm und Drang" German for "Storm and...
- your notes are always educational and amusing...I believe what you have to say because you don't take yourself so seriously.
DealFatigue
Entertainment Law Blog
One of my web start-up clients recently extolled the virtues of smart money over dumb money.
My client asserted that smart money is the best way to grow a start-up. In addition to capital, smart money may provide infrastructure, personnel and the input of boards of directors and advisers ... Continue reading »
My client asserted that smart money is the best way to grow a start-up. In addition to capital, smart money may provide infrastructure, personnel and the input of boards of directors and advisers ... Continue reading »
1 year ago
Susan Kishner
1 year ago
questions:
1.) What kind of cash or money is illegal? Please give an example.
2.) Is there really that much money out there for start-up entertainment businesses?
3.) What kind of "strings" are attached to start-up money?
1 year ago
1. There are many types of illegal money; the most obvious being money from illicit activities such as money from drug dealers or organized criminal sources in which case there's a significant risk that the money is being "laundered" or cleaned through the investment.
2. Hard to say how much money is out there in general. To be sure, the credit markets are tightening but investors with cash are looking for new places to invest now that real estate is out of fashion. It all really depends on the risk vs. reward to the investor.
3. This too varies. With dumb money, the condition on the investment can be limited to the right to recoup the investment plus a "vig" or return on the investment. Smart money usually requires additional controls such as approvals of personnel, business plan, business partners, etc.
1 year ago
Dumb...bad
1 year ago
Smart money is no better or worse than dumb money. They each work best on certain types of transactions.
If you want capital investment with minimal interference then dumb money may be right for you. However, if you need the experience and oversight that only a financier can provide, then you may want to consider smart money. Smart money may also be more likely to make additional investments down the road.