Nouvelle semaine.
LâAfrique produit 10% du contenu musical dans le monde, mais capte moins dâ1% de sa valeur.
Lâenjeu nâest pas quâil y ait plus de musique africaine, mais quâil y ait plus de valeur africaineâŠ.
Bon courage, et bonne semaine Ă tous.
If you accept a record deal with a million dollar advanceâfrom any labelâthere are several important factors to be aware of. Please read this before sliding into Gucciâs DMs:
You need baseline prosperity to even attempt startups. Insiders know it, outsiders donât.
Some observations in Silicon Valley :
- Many founders in Bay Area come from a sound financial background. A founder got viral for paying himself 0 salary in SF, his mom is a CEO of public company. Do some research.
- Dropout founder is an exception, not a norm. Most founders in Bay Area have studied from top universities.
- Youâd be surprised to see how many founders grew up around startups. âMy dad built a company in 1990 and exited for 400Mâ, âthis top VC was my uncleâ, âI grew up in Palo Alto and joined computer club when I was 5â. The advantages of growing up in a tech hub compound.
- The dropouts you see are from top universities. Also, they donât drop out, they just defer their semesters.
- Dropping out from Stanford gives you credibility. Dropping out from an unknown college signals laziness. Youâre judged on signals here, ask any founder.
- People who worked in big tech have saved a good chunk. Great way to start without worrying about burn! Youâll see many founders here with a big tech or startup experience.
- People have deep networks in Silicon Valley. If they donât, they build it. Networking on internet is all fine but in-person relationships still rule.
- âWhat about YC, Thiel fellowship and others?â Many ppl drop out âafterâ they get into these programs. The initial funding gives you runway to experiment. You canât build if youâre constantly worried about burn.
- âI need to follow my passionâ - do it surely. However, someone has to fund your passion. Either your users, family or investors. If youâve the confidence to do it, figure out the finances. Jumping straight out of airplane without parachute or knowing how to build it will lead to a fatal outcome.
- Startups sound so fun from outside. 99% of time, youâre talking to users, fixing things, writing code. If someone made a documentary on startups, theyâll be shocked on how much work it is.
- Itâs easy to change the world if you donât have to worry about paying bills. Thatâs why money is called ârunwayâ. Good to have an exit, bootstrapped venture that made you money or people who believe in you. Otherwise you will take funding at horrible terms that can break your startup.
- âVCs will fund me for my world changing ideaâ - nah. They fund founders with pedigree (good education/ work ex) and proof of work. Funding non-pedigree founders is an exception. Pick up portfolio of any VC and see background of founders, youâll know.
- VC funded startups is a game of chasing unicorns. The big bets. The billion dollar outcomes. Itâs an extreme game, built for extreme people. Itâll take all your energy, focus and time. You need some advantages to play it. Lack of education, network or resources isnât an advantage, especially if you didnât grow up in ecosystem.
âPeople in Silicon Valley drop out too, so should I to start upâ - this thought has led to many bad outcomes. Be aware of what youâre signing up for and you can win the world! đ€đ€
I have an opinion that most might disagree with, but here it goes...
It's really not worth it to strive for expert status in Ghanaâs creative sectors right now.
This is why I think so. âšA Thread.
Think of how different the world is from 2000 to 2024. There's a world of 2030-2050 that will look nothing like today.
That's the world you realistically need to be preparing yourself for.
Remember those kids who got computers early from their parents? And how they got a leap ahead from 2004-2014?
Yeah. Think like that.
Spend time in a multicultural class with Italians, Germans, Swiss, Polish - you'll dead that narrative that the black man is ingrained with academic superiority.
Your only strength is the adaptative edge of grit that intercourse with decades of hardship gifts you - they've mastered the art of mastery, you're simply roughing it.
You're also not genetically or immunologically superior - in fact black women risk getting some kind of cancers 6X more than their Caucasian mates.
You don't live longer than them, they have higher life expectancy. How are you superior?
You can debate that you're not inferior without claiming superiority. In fact, the unprovoked need to continually assert a superior place is an expression of inferiority complex - you're not better than them.
It is pointless "beefing" people you should be learning from.
You actually need to LEAVE your homeland to theirs, before you can thrive and no, they didn't ruin your homes.
Sad to say but african countries thrived better under colonial rule - since you started ruling yourselves, what have you done? built?
The primary and secondary schools that still reign supreme are the ones the white man built in 1928.
The year is 2024 and our media is still celebrating young boys building trucks made from cardboard.
Superior una.
Iâm not pleased with how career successful people arenât genuine and honest about the amount of work and sacrifices required to be successful. You went through a journey and now you come online and tell people they donât need to put in that amount of o work ! Knowing fully well how capitalism works !
Haba ! We can like to create fairy tales but life isnât one !
đŹđ How did Ghana go from economic darling to economic chaos?
It was once seen as a model of African progress, but that all changed in 2022.
With surging inflation and rising prices, the nation is facing its worst economic crisis in decades.
@iamdanieldadzie explains âŹïž
Another young rapper is dead. This time itâs Takeoff from Migos. Recently it was PnB Rock who I once directed. I used to direct people like Gucci Mane, Snoop Dogg, Jamie Foxx, Lil Yachty, Akon, Machine Gun Kelly, etc. I have some hard truths and a challenge for all rappers âŹïž
âWhen music platforms are ingesting 100,000 tracks a day, the net result of this is a confusing experience for all of us; consumers, everyoneâ.
Sir Lucian Grainge
https://t.co/fRy3O1qO9S