In the music industry, true entrepreneurs build their own opportunities rather than waiting for permission from established companies, as demonstrated by David Geffen who founded Asylum Records in 1971 after being rejected by major labels, and later built Geffen Records, signing artists like John Lennon and Guns N' Roses.
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From Mailroom to Music BillionaireAjouté :
I don't think that every record that we make is a hit or that every artist that we record is going to be a star, but I think that all the music that we put out is very valid and that uh all the people making these records are making good records. And I think that's what's important. And they get a free opportunity to make these records.
And if we believe in them, we'll stick with them whether they make it or not. I mean, we're not going to drop an artist if they don't sell. That isn't the kind of company it is.
>> Right. Yeah.
>> And it's been fun. And it was never a great deal of fun dealing with all the record companies that that we were dealing with in the past because we had ideas that how we wanted uh Neil Young and etc., you know, recorded or how we wanted them promoted or what we wanted them to do. And they had specific ideas and it's their company. So, we decided that we'd start one of our own and see if we could make it work the way we wanted it.
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