The Master Investor Ian Dunlap Shares How to Invest in Yourself as an Artist

The Master Investor Ian Dunlap joins Ray Daniels and Tamira Smith as they throw out the script and have a genuine conversation about the music industry. They dive into topics such as how to invest in your own music, the difference between major and independent labels, why BET and The Shade Room don’t hold the same worth and Ray debunks the myth that you need $200k to make a hit. Ian also shares his thoughts on how the music industry fumbled the ball when it came to Apple and Spotify and Ray shares never before told lessons he learned from industry giants like LA Reid and Polow da Don. Stick around till the end for some final tips from Ian on how to financially succeed in the music game. Quotable: Ray Daniels: Puff was a machine so by the time he got to the machine he took the machine up. Most people want to be a part of the machine - dawg, you gotta be the machine.” Time Stamps: 00:00:42 - Introduction 00:05:51 - Ian Dunlap tells artists what they should do when they get their first big sum of money 00:06:13 - Ian Dunlap on how the music industry fumbled the ball early on when it came to Apple and Spotify 00:13:32 - Ray - "Everyone wants to be seen rather than seeing their damn selves" 00:18:30 - Ray on givers vs takers 00:20:00 - Ray shares a lesson he learned from Polow da Don 00:21:17 - Ian Dunlap addresses the biggest misconceptions people have about money 00:24:55 - Ray Daniels calls out difference in dollar signs between The Shade Room and BET 00:30:34 - Ray shares the top 3 mistakes he sees artists make 00:33:25 - Ray shares the trick behind why there hasn't been another Puff since Puff 00:36:42 - Ian asks why there isn't a space for artist development 00:37:43 - Ray breaks down the difference between major labels and independent labels 00:39:19 - Ray debunks the myth that you need $200k to make a hit 00:42:59 - Ray shares lessons he learned from LA Reid including a conversation on the moment Rihanna become a superstar 00:47:41 - Ray tells us what he learned from LA Reid about how to make hits and shares a story about LA Reid at an early Travis Scott concert 00:54:09 - Ian asks why 95% of artists fail 00:58:19 - Ian shares how he would financially fix the music industry 01:05:04 - Ray breaks down how streaming translates into dollars and cents for record labels 01:06:56 - Ian plays Put Your Money Where Your Mouth Is 01:19:41 - Ian gives his credit check 01:24:13 - Final tips for artists from Ian Dunlap Support this podcast at — https://redcircle.com/raydanielspresents/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy