I still wouldn't be dudes partner....all he has to offer is $$ and no business sense, and no idea how the music industry works. What would be the point of having a partner roll with you 50/50 or even have an interest IN THE LABEL itself?? Like I said, I'd get him on as a financier, but that's it. I've seen this a lot, and cats who have no sense of the business and want to come sidebust into somebody else's business is only after his scrill and has no interest in you or your artists!! Muthafuckaz these days are looking for a quick buck and they won't get it from me.
Take it from somebody with EXPERIENCE in this. I had 2 financiers, one who financed 1 song, and the other who put $$ into pressing (who was my own brother, and also wanted to run the label even though it was already being run). The first one is a student @ Stanford who tried to fuck me over with his bullshit contract, cause he thought I was a dumbass. I went to his dorm and made him shred it and told him no contract like that would ever be valid!! Then you got my brother, who tried to tell me he OWNED all the rights to my album cause he paid for pressing, and threatened to give them all away for free cause I told him the label gets paid, the financier gets a return of his money, and then when profits come in, that's when the bread starts being divided into what we know as percentages, return on investments!! He told me he wanted a $5,000 profit cut BEFORE the label saw any money.
So, if I can't trust my own brother, why would I trust some fruitcake who doesn't know what the fuck he's doing? AntDawg and I will be fine throwin the cash out ourselves. I'll tell you what pimp, my brother and this other fuck came in when they saw $$$ opportunities...be careful who you fuck with dawg, this is a shady business!!