Konstantinos
Gkovedaros
Building Levers
Founder @ Stealth
Hi, I'm Konstantinos, building a tool that helps early-stage investorsIn the past I worked:
- as a Program Manager @ Genesis Ventures, an early stage VC firm
- building products @ Orfium, a music rights management software company based in Malibu
- building community @ OK!Thess
- and building my own startup at Quesing, a mentor-mentee marketplace
In my spare time, I really-really love building things and all things startups, like Edition 01 so if you are working on something cool, get in touch.
Contact
Is there such a thing as true love? How can one get the Shorting Hat to place them in Ravenclaw? How can I help you build your startup at the earliest stage? Let me answer all your questions.
An interesting concept from the startup nation, the book about Israel's story of building an ecosystem by @dansenor and @saulsinger
— Konstantinos (@gkovedaros) December 29, 2020
Sth that I did not know before starting reading about the music business (and a common misconception, judging by my friends) is the following:
— Konstantinos (@gkovedaros) May 29, 2020
A record label's business model is very similar to that of a VC. In fact, in most cases, the record label cuts a deal with the (1/n)
artist and proceeds to pay an advance that will cover his/her initial expenses. According to IFPI (International Federation of the Phonographic Industry) the advances to a newly signed artist range anywhere between $50k and $350k, while the total investment of the label (2/n)
— Konstantinos (@gkovedaros) May 29, 2020
(advances+recording+video production+tour support+marketing) can reach a total of $2m. As Donald Passman writes "with very rare exceptions, such as the artist's failure to deliver product or otherwise seriously breaching their contract, advances are nonreturnable, which (3/n)
— Konstantinos (@gkovedaros) May 29, 2020
means it’s totally the record company’s risk." And from those artists, only a few will be ROI positive aka bring back their money and some, so this "some" has to recoup for the losses of the other "bets" on artists that the record label took. Book publishers have a similar model
— Konstantinos (@gkovedaros) May 29, 2020
It might be that I've been reading a lot about the music industry, but there seem to be many similarities between an entrepreneur and a musician. A few of them below:
— Konstantinos (@gkovedaros) May 15, 2020