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- Dec 22, 2011
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This has nothing to do w Nike v. Adidas as opposed to what I’ve been trying to reiterate as far as business & what’s most important in a contract. This is not even apparel related, but the same principles apply. Hence y I said some of u lack business acumen & would be got immediately.
@TheOriginalCane on slide 5, would u mind sharing what’s most important in this business deal for Mr. Kendrick Lamar?
Ownership of your own creation.
Period.
You make more money betting on yourself and selling your own creation, rather than to take a guaranteed fee from a corporation that profits more from your sales than you do.
PS, I was just having this conversation with a co-worker YESTERDAY. The family that owns NASCAR has its own bank (run by a friend of mine who worked with me at Arthur Andersen). The family has its own ticketing company (no TicketMaster). The family has its own fleet of private jets (the guy who ran the fleet used to come by the corporate offices in his uniform, it was hilarious). The family owns 12 racetracks, more than anyone else. The entire operation was stunning. We didn't need anyone to do anything for NASCAR (except for the audit and the tax returns), the company financed itself and the company kept all the profits. It's un-purchase-able.
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