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Taylor Swift (Acquired’s Version)
Acquired
Advances Are a Clear Sign of a Power Law Dynamic
Daniel x: Advances are a clear sign of a power law dynamic, where you mentioned it's like book publishing. All you care about is making it so that in your portfolio, you get the book that america reads every year. In order for this really to be fair, in order for these terms to truly be market price, you need the labels to not be making a ton of profit. If they're very profitable, unlike a free cash flow basis, if they're printing money, then what you coun say is, jesus, this an oligopoly.
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