ROC OF AGES: DAME DASH'S SECOND CHANCE AT A SECOND ACT

[h2o_proof]

Never has a dude been more sincere than Dame when saying they don't do what they do for the money

 

[10bandz]

I will always root for Dame.

What I would like to know is.. What the fukk did he do with all the money he got from ROC? Heard he got 30 Ms when they sold the company. You would think he had more then enough bank to live happily after.

Rachel Roy clothing

 

[blizzard man]

I will always root for Dame.

What I would like to know is.. What the fukk did he do with all the money he got from ROC? Heard he got 30 Ms when they sold the company. You would think he had more then enough bank to live happily after.

i gotta read the article, but i feel like in his interviews, he prides himself on putting up the money for his projects, which is no no number 1. never use your own money. if he was not following that rule, then

 

[10bandz]

i gotta read the article, but i feel like in his interviews, he prides himself on putting up the money for his projects, which is no no number 1. never use your own money. if he was not following that rule, then

he puts up his own money because he dont want to answer to nobody

but i dont think he uses his own money really. He finesses investors

 

[TheDarceKnight]

Dame is working with my dude J Gunn from Durham, NC

 

[grandpianos]

I know Curren$y and Mos left DD172/BluRoc pissed off... more needs to be done talking about all the fukkery with his artists in 2010... why "music left him"...

 

[Amestafuu (Emeritus)]

he used it to flip and create other businesses

Like what?

Dash motor oil?
Prokeds failed licensing deal?
C'mon son

He's living off his ex wifws clothing line that's the only deal still afloat.

 

[MJ Truth]

How old is this article?

Also, somebody with that much unflappable confidence and determination (not to mention legitimate skills and experience) is bound to have another huge success sooner or later.

 

[jilla82]

the republican bit was funny.

I wish more black folks would just accept the fact that old school basic conservative principles are sound.
Its damn near impossible to be an entrepreneur (or just a motivated person) and be a down the line democrat.

The shyt you see on Tv is just theatrics in order to get votes.

 

[mson]

How old is this article?

Also, somebody with that much unflappable confidence and determination (not to mention legitimate skills and experience) is bound to have another huge success sooner or later.

About a year old.

 

[MJ Truth]

i gotta read the article, but i feel like in his interviews, he prides himself on putting up the money for his projects, which is no no number 1. never use your own money. if he was not following that rule, then

Why is that rule number one?

If you actually want to be in full control of whatever it is you're doing, you HAVE to be the one putting up the money. There's more risk there, sure, but there's also more control. Fact of the matter is, when you're using other people's money, you're not really the owner/boss, you're just borrowing their authority.

 

[Harry B]

Why is that rule number one?

If you actually want to be in full control of whatever it is you're doing, you HAVE to be the one putting up the money. There's more risk there, sure, but there's also more control. Fact of the matter is, when you're using other people's money, you're not really the owner/boss, you're just borrowing their authority.

You get people to finance you, you still own it.
They can own your debt, but they will not own your company as long as you honor the contract i.e. pay the interest and principal. If you fail, you have limited liability. Of course in most cases it's most complex than that, but if you can get someone else to put up their money.. Then why not? Not all forms of financing demands you to give up equity. You can even sell non-voting stock.

But Dame's business are not really operating at that level, he can put up 50k for his motor oil or 10k for his movies and take an L, that's no biggie. But if we are talking big business, Jay-z type of business or bigger, it's a different ballpark.

 

[mson]

I will always root for Dame.

What I would like to know is.. What the fukk did he do with all the money he got from ROC? Heard he got 30 Ms when they sold the company. You would think he had more then enough bank to live happily after.

He's put a lot into some of the movies he's produced



21:40

He'e trying to get a clothing line off the ground



15:00

 

[MJ Truth]

You get people to finance you, you still own it.
They can own your debt, but they will not own your company as long as you honor the contract i.e. pay the interest and principal. If you fail, you have limited liability.

I don't mean they own it legally, but they are essentially in control. If someone else put the money up for your endeavor (business or otherwise) and they want you/don't want you to do certain things, guess who's decision is ending up final? Particularly when/if you need continued financing.

It's a control vs. risk argument, and that just goes to whatever your personality is when it comes to what is the better/smarter play.

 

[Da King]

the republican bit was funny.

I wish more black folks would just accept the fact that old school basic conservative principles are sound.
Its damn near impossible to be an entrepreneur (or just a motivated person) and be a down the line democrat.

The shyt you see on Tv is just theatrics in order to get votes.

Except republicans are not just simply fiscally conservative people but racists