Start Up Blog

Singing for their supper

Posted in entrepreneurship by Steve Sammartino on November 21, 2011

You may have noticed that there are a lot of ‘Older’ Rockstars coming out to perform in your country. Bands we thought we’d only hear on Golden Oldies radio stations and never see live again. Well they are all back playing live again….

…I’m guessing it’s not buy choice. The fact that it’s pretty hard to find a record store these days is a good indication that the royalty streams old rockstars lived on have dried up for good. It’s much harder for older music to be promoted on iTunes than it was in a store that could only carry 2000 albums – from the artists who always got played on the radio. Their industry has been disrupted to the point where they now have to sing for their supper. Actively earn a living, versus passively receiving cash for deeds of yesteryear. Hence the deluge of 1980’s rockstars now touring again.

At some point disruptive technology effects us all. As startup entrepreneurs we are often the the creators of the disruption. As successful business people in years to come, our revenue streams will ultimately be disrupted by the next iteration. What we must do is create a war chest of revenue streams once we make bank. And the best advice I’ve ever been given that is future proof is this:

Build businesses, then buy real estate.

Sure it might sound boring, but one thing for certain is that it’s hard to see technology disrupting the value of good real estate. At least in our life times.

twitter-follow-me13

4 Responses

Subscribe to comments with RSS.

  1. Josh Moore said, on November 22, 2011 at 3:04 pm

    I’m putting the pressure on, but I think this post leads into the long overdue post on real estate investing…

    J

  2. Singing For My Supper « A SECOND CUP said, on February 24, 2012 at 9:36 pm

    […] Singing for their supper (startupblog.wordpress.com) […]

  3. […] may even re-enter an age of Medieval Minstrels – where musicians¬†all need to sing for the their supper, and the recorded version is the sample of a high paid live performance. But most of all, some […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 1,238 other followers