This article was apparently written in 1993 (http://en.wikipedia.org/wiki/Steve_Albini#References) and has made the rounds on Reddit more than once, but it's still a great insight into how record companies work and big companies take advantage of small producers of content.
I think one could look at some of the VC industry in the same way, though most entrepreneurs I know are not quite as wide-eyed or ignorant about the industry as most musicians. And, of course, VCs don't ask for 85-90% of the companies they fund...which is roughly the deal record labels offer bands.
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This article was apparently written in 1993 (http://en.wikipedia.org/wiki/Steve_Albini#References) and has made the rounds on Reddit more than once, but it's still a great insight into how record companies work and big companies take advantage of small producers of content.
I think one could look at some of the VC industry in the same way, though most entrepreneurs I know are not quite as wide-eyed or ignorant about the industry as most musicians. And, of course, VCs don't ask for 85-90% of the companies they fund...which is roughly the deal record labels offer bands.