A lot of business models in e.g. publishing and the music industry already are ISAs, better known as equity; the offer is something like "We'd like to invest $20k into your book at a $5k pre-money valuation. Btw our terms have, let's say, a wee bit of structure."https://twitter.com/jmj/status/1125415276265132032 …
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Publishers don’t own books. The analogy of a bank might be better. A very specialist bank.
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Yes, but you could be forgiven for believing that they do, given the amount of things they can dictate to the owner of the book and the amount of things the owner can do without their permission. ("A wee bit of structure.")
End of conversation
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in music some of the contracts are 360 degrees, so they get some percent of all sorts of ancillary revenues in addition to a huge slug of the core record. further, at least one record label has "signed" an AI algo generated recording artist.
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