Saturday, October 01, 2016

Beyonce Invests In Tech Start-Up


Beyonce gets into the technology business investing an app for selling tour merchandise...

According to reports Beyonce has invested $150k into a start-up tech company called Sidestep, that allows users to purchase tour merchandise before, during and after concerts using a smartphone app.

Users will be able to pick-up the merchandise up at the venue or have it delivered to their homes.

29 comments:

Anonymous said...

Good investment since all she does is tour. And it's only 150K so you won't lose much.

Anonymous said...

WHAT A STARLET!!!

#MinorStarlet4Life

Anonymous said...

How many black people work at this supposed start up? None probably.



A better idea for this app would be allowing people to order and purchase merchandise from any artist on her Westbury Road label.

Anonymous said...

It's called being in control of your own destiny - other touring artists have been doing this for a very lon-n-n-g time. It's called catch-up!

Chrissy Snow said...

150K start up investment for a smart pphone app? What kind of business manager suggests that kind of investment.

Anonymous said...

^I thought you could create the app for free or for a very low cost. Interesting

Chrissy Snow said...

Exactly that's why the 150k investment seems high. Maybe the firm is building an e-commerce site to go along with the mobile app as an option or this is more PR lies.

Anonymous said...

Now you're talking Beyonce

Anonymous said...

Ok look. Beyonce has no money of her own. She has basically crossed over financially. She is 100 percent owned. Let me explain.
Beyonce is so in debt that every cent that she earns belongs to someone else. She is not alone a lot of artists are in this situation. Lady Gaga comes to mind. Gaga is still trying to get her finances right. but back to Beyonce.
Beyonce started out okay. Her father was an excellent manager. She would occassionaly get into debt but it would be controlled and they would work their way out of it and end up better than before.
Her Dad would negotiate a bigger budget for Bey but know that it would raise her profile and she's get more exposure and that leads to more money, cosmetic contracts and all that. So Under her Dad Bey's spending was controlled and her finances were looking good.
Then Jay took over Bey's affairs, with permission from her record label. they have been done with her since IASF.
By done with her I mean that financial experts came to the conclusion that Beyonce had reached the point of diminshing returns as an investment. Now what they do when this happens, because a contract is still in place is that they give the artist enough rope to hang themselves. That's why they allowed Jay into he affairs like that.

Jay spends Beys money like you wouldn't believe. Because Beyonce is no longer the record label fave, she is not getting the perks she used to. So now she has to pay out of pocket. So all these jets that you see them on are rented. these houses they gotta rent. They really owned the tribeca apartment but had to sell it at a loss to free up some money quick fast.

On top of that Jay keeps over valuing Bey's appeal. He gets unneccessary amounts in her budget, which he then blows. then the record undersells and she ends up more in debt. this has happened since 4.
Beyonce has just gotten more and more in debt since then. She has never pulled up since her dad left.

Now she is so indebt that her money is basically managed by the record label, who she owes the most.

She gets an allowance and they are making back their money. Tidal basically burried her. Jay's stupidity has totally screwed them over. This is why Jay can't let go of tidal. All the other investors have pretty much moved on because they can afford to take the loss. Jay Can't.


When you see Mama Tina around, know that Beyonce is in a really bad space. Tina is the only one who keeps her from going over the edge. Those suicide rumors? 100% true.

Now back to the topic at hand, Beyonce does not have $125 000. I'll admit I don't know what her allowance is but I know she would not be allowed to use the money like that. No investments. They pay off their debt by recording and touring.

Those live nation 360 deals. The entire concept came about because so many artists were in so much debt that they had to basically become slaves.

Anonymous said...

....Continued

If you want to know which artist is doing it right, think of Adelle. The woman is wise. People say she had a very good mentor before she made it into the business and she will never get got.
She basically lives a middle class life. She's bought a good home and when she isn't working she doesn't try to live the high life. Her own personal clothes are not designer. She's just regular.
Bey and Jay got caught up in that high life. He wants to live what he raps about, but can't afford it. Beyonce does not get sent clothes for free. She is nobodys muse plus she's not sample size. She has to buy her own clothes. Rihanna got sent entire collections for free when she was the face of Balmain. She's probably getting free clothes from Dior. Marion Cotilard gets free clothes from them. My point is Bey has to pay out of pocket for a lot of things nowadays.

If you pay attention to what she wears out and about, you'll notice that it's pretty low end in terms of high fashion. I know she had a deal with an up and coming designer a couple years ago to wear his clothes for free, but he's since blown up, I don't see her in his clothes anymore.

All this to say Beyonce has no money of her own. there was a point when Rihanna was on a $2000 budget. thats how messed up her finances were. She basically had to do an album and tour and get paid nothing to make up for that. But she's in a much better place financially now, or so they say.

When Gaga came on the scene her budget was ridiculous, And she wanted to live the high life. Instead of buying a decent place she was living in hotels with an enormous entourage. I mean people who literally had no job description but wre always with her. She would house and feed them all the very best. When she started realising that the money was running out, she went into panic mode and became really mean to the wrong people. she no longer wanted to pay her actual staff, that's when the lawsuits began.

My point again is that a lot of your faves will die enslaved to this machine. Bey could have been one of the few who make it out better off, but she let Jay mess that up for her.

Chrissy Snow said...

Thanks for the tea @4:57. I figured the Carters were in trouble but this is bad. My theory has always been the ones doing the most to stay relevant need the most $$$. Another one I think is low on money is Britney. She's obviously miserable performing but her handlers still have her out there on the ho stroll.

Damn Bey. I'm no longer a fan but I don't want to see her go out like this. Get rid of that useless camel soon.

Anonymous said...

Yawn I'll gladly be in debt if I get to globetrot, live lavish, staying in posh hotels, my daughter wearing $500 dresses (peep dm where they price Beyonce and Blue's outrageously expensive clothes, coats and shoes) hell just those shut up "earrings" cost $1280 vs owing Sally Mae and vacationing once or twice a year!

I'm talking about I wouldn't hesitate "one" second" to sign up to be in debt and live the EXACT lifestyle as a multimillionaire!

Anonymous said...

Only 150 bands? She should make that back just of the hive downloading the paid app not including the errr ummm smart people that buy all of her merchandise at her concerts. Like those $45 hanes t-shirts with letters on them. Congratulations Beyonce.

Anonymous said...

@9:31

That makes you thirsty/shallow. Not everyone is that way.

Anonymous said...

@4:57

"This is why Jay can't let go of tidal. All the other investors have pretty much moved on because they can afford to take the loss. Jay Can't. "

Who are the true investors in TIDAL? The artists that were on that stage at the press conference? Barring Madonna, Jay was the richest one up there. Kanye was practically begging Apple to purchase TIDAL. Who would walk away from taking a loss like that? Unless it was in the contract.

Anonymous said...

^^^ Ctfu! Shallow and the slang word thirst(y) has nothing to do with saying if I could live a lavish multimillionaire's lifestyle while being being in debt I would. Now you can view that mindset as a materialistic/opportunist but oh well. I know everyone isn't like that hence my usage of the word "I"!

Anonymous said...

My 11:07 comment is meant for 10:54am!

Do Reme said...

@4:57 they still have their TriBeCa apartment! They just rarely stay in NYC so I wouldn't be surprised if they are preparing to let it go soon. None of this surprises me, all the smoke and mirrors with these two are fading

Chrissy Snow said...

@9:31 be careful what you wish for. Living "lavish" is great but there is a dark underside to all of that. Sallie Mae collectors trying to get a few thousand is nothing compared creditors coming after you for millions. That's when people start thinking you're worth more dead than alive.

Anonymous said...

"rarely use it" - that's where Jay allegedly entertained his ladies when Blue & Beyonce were on tour. Maybe they were separated @ the time but Beyonce allegedly has an aversion to that place.

Anonymous said...

They have quietly sold it. Very very quietly and at a loss too.
Jay, as far as NY, Jay has a suite he rents from time to time in a very discreet hotel that celebs don't frequent for his time with his mistresses.
Rihanna is one of the select ones he used to take to the apartment. the ones he knows won't talk. If its a random broad he won't risk pics leaking of the bitch playing in Bey's closet, so they get the hotel.
Those celebs you saw on the stage, none of them invested significantly in Tidal if at all. I'm taking 100 000 here and there at most. Jay was praying for Madonna to go deep and bring in the white audience but she has good advisors so she made a token investment. Jay put everything short of Blue Ivy into Tidal.
The others invested so little that they aren't even listed as investors. I'd be surprised if total investments from them made more than 3mil.
Jay put it all down. The real investors are all old men. A lot of Whites, the Asian who was mentioned and a couple others, 1 Russian or from somewhere round there.

They are quite a few and they are super rich. The losses they made are like a drop in the ocean.

Do Reme said...

@2:15 yeah I could see why she would hate being there, knowing he was hoe'ing all around the house they got "married" in.

Do Reme said...

@3:46 interesting but I'm guessing they haven't moved out yet or this was recent bc B posted pics last month in the TriBeCa spot

Anonymous said...

Bey's doing the damn thang.#goals

Anonymous said...

Remember Bey's habit of posting old pics like they happened yesterday?

Anonymous said...

@1:30 she posted in that place last month before she went to watch Serena play her set so they must have just recently let that place go. Or their slave masters/label brought it of them and continue to allow them to stay when in town

Anonymous said...

Another thing celebs do when facing monetary difficulties, they negotiate with the new owner for a far lower price for the house if they can be allowed to stay in it for a little longer.
Bey and Jay had to be seen moving on onto something greater.
That story about the house in LA, was meant to throw people off the scent. they didn't want it to look like they were down grading.
Their apartment was a very good space so they needed an acceptable reason for the world to know they let it go.
Relocating was a good one.
They put out the story that they were buying a $100 million mansion in LA. They did this so that if it got out that they had to sell the tribeca place it would look like chump change to their new place.

But a real estate agent for the place in LA said they were never buying it. Many times real estate agents will let their properties be associated with celebs who aren't buying them because it can inflate the price, specially in LA.
BUT these guys want REAl bilionaires to want their house, and real billionaires can't stand fakes. specially fakes with no class. that's why she called them out on it. You hardly ever hear that happening.

Again Bey and Jay are not the only celebs who play this game. It's just that they want to play it out so publicly they get caught in their lies.

Do Reme said...

@8:33 wow that makes so much sense now! I wonder how much they lost out on the sale bc that is a truly beautiful property. Do you think they plan on finding something in LA for real though?

Anonymous said...

@8:33am You are in the know for sure! Any more tea on this real estate shenanigans they are pulling. Has Jay even paid off the mortgage on that Apartment? I doubt it.

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