Show success before asking for help
sivers.org
sivers.org
If you haven't shown any past success, then you're a risk. What makes you more likely to succeed than any random person?
This is why I like to have a few nice, running web apps of my own. When applying for jobs, they show that I've "succeeded" on my own (beyond what I might have contributed to on a team at my previous jobs). Sure, there are probably many people much smarter than me who don't have such apps to show off. However, my past "success" (at writing code and bringing it to production) is there.
The problem with the $15,000 songwriter that the article mentions is that they were a risk when first signed and so they only got a little. Even as they've proven themselves not to be a risk with their weekly submissions, they already accepted the bad terms and there's little reason for the record company to be "nice" and give them more. Likewise, if the $500,000 advance person is terrible, the record company has agreed to certain terms and there's no reason for them to be "nice" and renegotiate down because they're crap.
The largest part of this is that if something looks like it will succeed with or without help, it seems like a sure thing. Sure things don't require the rewards of high risk things because the chance of loss is low.
Dang, that is good advice.
Even if someone has a stellar product or service, if they have only sold a meagre amount to friends and family in two years the Dragons start to get tetchy and either ditch them, or ask for a huge chunk of the company in return for their investment.
Of course, I'm sure the Dragon's Den isn't necessarily much like the real world, but it's interesting to note the things they look for.
1. Don't leave anything confidential out on your desk.
2. Don't let this guy loose in your office.
3. Ethical behavior should be a prerequisite to blogging :)
[EDIT: This was downvoted within 2 minutes of posting, exactly what I expected. It happens every time. Why do people here have such a problem when someone mentions ethical behavior? Is is because they don't want to be preached to or is it because they want to do whatever they want, consequences be damned? Either way, a down vote should be accompanied by a comment. AFAIC, nothing OP had to say mattered once I understood how he got his raw data.]
Why does that make sense?
Picking up a sheet of paper doesn't call the validity of the data into question. It's still the same data.
Of course, one can find these results interesting and agree with your (1) and (2), as I do.
Either way, a down vote should be accompanied by a comment.
I said this once and PG smacked me down. I think he's wrong. Unless you made an incredibly vapid comment with no substance whatsoever, you don't deserve to be downvoted unless there's at least one comment beneath your post. (Not to say I follow this rule all the time.)
edit: and again. I see the Reddit and Digg refugees are out in full force!
Ethics is a binary 1 or 0. Maybe not that interesting, but hardly irrelevant.
(Don't believe me? Let your customers find out about you lieing, cheating, or stealing. Then see what happens to your revenue stream.)
That really just convinces me of the equation
Success = (Factor1 + Factor2 + Factor3 + ...) * Appearance of Ethics
Which still doesn't explain Microsoft, oil companies, tobacco companies, etc.
Your formula for success isn't true in the least. Whole companies have been built on lies and cheating since the world began.
Bell for example, built a whole company after stealing someone elses patent to the telephone.
I'm afraid most customers don't particularly care that much about ethics. At least not to the point that you seem to.
If you feel so strongly about ethics, write an article about it and post it here.
Your comment is like talking about why it is not best to write webapps in C. Yes, you will be correct in saying that it is not a good idea to write webapps in C. Everyone knows that already! For whatever reason and under whatever circumstances, this guy wrote his webapp in C. It perhaps still is a Bad Thing™ but here we are talking and trying to learn about AdWords and analytics!
I didn't downvote you btw :) And let me preempt anyone about to reply "are you saying unethical behavior is only as bad as language of choice of webapps?". That is not what I am saying.
1. People don't come here for education in ethics. They might decide to discuss ethics if they find that discussion interesting, though, which leads me to my next point.
2. The first two points of what you said were completely obvious and, by virtue of adding nothing useful, devoid of interest.
(did not vote on post)
Show success before asking for help.
This is exactly what VCs always have in mind.Now for the meat and potatos of the story: I think that you can apply this lesson (making it on your own before you ask for help) to many other areas other than the music business. Lets say you were looking for VC funding, don't you think the people funding it would be more impressed if you got your idea up and running without any help? When you do things with little or no help it shows determination and a will to succeed no matter what the odds are.
The author's main point is: if you're rich and famous, people are more likely to treat you as if you're rich and famous.
The author says you have to "make your own success," and as an example, he points to a "really bad metal" songwriter who was "in a band with a major rock star" and who helped to sell 20M records.
But surely not even the author believes for a second that this songwriter managed to sell 20M records "on his own." Surely there were publishers, promoters, record companies etc. involved, yes? If the songwriter in question was a surprise indie hit, surely the author would have said so?
I think the very idea that a business deal involving an advance payment is somehow a charitable cause ("asking for help") dramatically illustrates the the arrogance, the star-struck cult of fame and money that's brought the music business so low.
Wouldn't that mean an already rich songwriter can pay it back, even if he bombs?