A typical day when I was working for the Grateful Dead:
I started out working for The Grateful Dead.
I learned a lot about scaling a business... in the music business.
The most crucial part? You need a process.
The Dead was a well-oiled machine in the late 90s, that grossed $1.5 - $ 2 million a night for what was essentially a family business.
A very well-run family business.
Something Jerry Garcia once said, that's stayed with me all these years...
βWe're like licorice. Not everybody likes licorice, but the people who like licorice really like licorice.β
Whether it's in music or business, you need to be differentiated.
MTV Networks and the Dead were a very differentiated set of businesses.
I got my first βcorporateβ job at MTV Networks in 1995. I learned how you scale a business. In my team of 8, we went from zero to grossing $300 Million+ dollars for Viacom in three years.
In fact, MTV grossed more net revenue than when I worked at the search engine Lycos. Which is CRAZY. π
...But they did not understand the power of the Internet.
MTV could have morphed into Napster or Spotify, but content ruled over distribution.