This is true.Being originally from the Bronx NY i have been in connection with a few people who know how FAT JOE does business.
Allegedly Puerto Rican and African American rappers from the Bronx were getting signed to FAT JOES label and then being kept on the back burner for publication.
Turns out the plan was to make sure to not have any new rap icons come from the Bronx so that he can get all the notoriety of being the Bronx icon. The music business is no joke. This is a true story.
I agree with, But it also means that in this industry you have to have a backup plan of some sort. He knew the character of Sean Parker and his antics. The man is a player and always will be.The industry is a relentless field of battle. Doesn't excuse leading someone on though.
i know to well of having a business partner lead me on while he worked other projects.
But i dont think Facebook as a company should take all the blame for that one person.
I agree with article greatly especially when this happens:
Consider this real example I heard a while back from some MBA students – “Let me introduce our newest tool, which we developed from ‘mashup’ technology, made popular by Facebook and MySpace.” This entry line, as well as a long presentation which followed, was missing not only the translation to receiver priorities, but also assumed that the executive had the same background and view of the world as the presenters.
Although many VC's are intelligent and have a good grasp in the industry they are playing in, its best to keep things simple and straight to the point.
Allegedly Puerto Rican and African American rappers from the Bronx were getting signed to FAT JOES label and then being kept on the back burner for publication.
Turns out the plan was to make sure to not have any new rap icons come from the Bronx so that he can get all the notoriety of being the Bronx icon. The music business is no joke. This is a true story.