The music biz

14. Coldplay, Radiohead and Dave Matthews are huge because they snuck in under the wire via the old system, they were the beneficiaries of big TV video play, when that meant something, before the Web obliterated it. Otherwise, they’d be Arcade Fire, which garners great reviews, wins Grammys and most people still have not heard and don’t even care about.

15. There’s tons of money in music, more than ever before, if you’re a superstar, if not, you’re starving.

From The Lefsetz Letter on What People Don't Want to Believe