🎵 Music has artists, managers, labels.
📚 Publishing has authors, agents, publishers.
👩🏻💻 Tech has founders, incubators, and VCs.
Agents help authors refine their book and help sell it to a publisher.
Incubators help founders refine their pitch and help sell equity to a later-stage VC.
VCs may invest $1m for 10% of the company.
A publisher may offer a $1m advance for 90% of royalties.
A filmmaker makes a 120/50/50 deal with her financiers - 20% back on their investment first, then the rest split 50/50.
Every industry looks meritocratic, but it is not.
And if you're moving from one industry to another, you have a head start. Most of your learnings will transfer. Or so I'm hoping!