I do a lot of work with record labels. VCs are incredibly different than labels, labels do not support innovation...they support packaged hits/artists and are on the way out. But I disagree with the comment, "Imagine record labels staffed with nothing but the people from successful bands, using their money to give other artists a faster way to the top." - Not all VCs are staffed with successful entrepreneurs (some not even entrepreneurs) - I mean what even defines a successful band? By your logic - that would be hits and money - which is no longer an appropriate way to judge.