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Published · transcript-backed

Ben Gilbert: evaluation

23 Jan 2022 Acquired Taylor Swift (Acquired’s Version)

“If a record label signs a deal with you and they give you $500,000, well, it doesn't matter if your CDs are flying off the shelves or your Spotify streams are happening.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
evaluation
Recorded
23 Jan 2022
Publisher
Acquired

Transcript context

…It's like book publishing. Exactly. If a record label signs a deal with you and they give you $500,000, well, it doesn't matter if your CDs are flying off the shelves or your Spotify streams are happening. For the first $500,000 that should be paid out to you, the record labels are going to keep that and you only get to participate in your 10%, 15%, or whatever it is after you've recouped the advance. It's like the VC preference stack on the gap table.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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