This is correct. It’s as if your startup investor took 70% of your revenue and t...

gnat 10 months ago | parent | context | favorite | on: Spotify pays out 70% of its revenue to record labe...

This is correct. It’s as if your startup investor took 70% of your revenue and then wouldn’t even give you the 30% until they’d used it to repay themselves the cost of their investment in you.