As a punk rock and luddite concert promoter in Palo Alto I would say they are laundering money as a hedge against the huge bubble in tech. Our libraries are open only 30 percent of possible hours yet the VCs dole out $1B each year, and unicorns suck up another $1B each year — that’s just Palo Alto city limits (which, by the way, we forgot to tax, 10 years in a row — excuse the digression: we have a tax holiday for billiionaires and trillionaires yet I can’t bid on shows because the art center hasn’t gone back to pre-covid staffing..).
When Sillerman bought out Bill Graham et al, people thought he overpaid; but he flipped the bundle and doubled his money. I ask: why would Bruce or Sting cash out?
May you live in interesting times; come as you are; I’m working, I’m not working for YOU!
I’m starting my Sunday with 90 minutes at my normal downtown perch, with three book bags; my main task is to finish the five newspapers I bought Thursday or Friday. After about 90 minutes the other day, I culled those down to about 40 tear-sheets. In about 20 minutes of focus last night, at a different perch, I culled those down to 20. I guess this fingers drill does not help the pile. And I grabbed about 40 more items to peruse. I set a timer.