Totally NFR question - has to do with Jazz gigs and artist

K

karennoca

Well-known member
My son, who is in the computer business in Sacratmento has been asked to invest (and he has asked us to invest also) in a jazz gig for this artist.

This will be on May 10th in Sacramento at the Red Lion, an outdoor venue for 1700 folks. We know nothing about Jazz or this artist. Do any of you know of him and have you ever seen him, is he popular? Thanks for any info.

http://www.craigchaquico.com/

 
As a lifetime entertainment professional I can only recommend that you NOT DOT IT!!!

It's acknowledged that one of the worst ways to invest your money is in the arts. ESPECIALLY if you expect to MAKE money doing it.

 
Steve and Cathy..Are you saying there is a chance of low ticket sales

or maybe something else? This is all new to us, but none of us wants to lose any money.

 
I certainly would never give investment advice - but Craig Chaquico is a popular jazz artist

his Cafe Carnival is a great song - it is on his site playlist if anyone wants to hear it.

I am not familiar with the music industry at all, but I was surprised to see him at the link you left, for the show investment you are describing.

 
That is exactly what I am doing , research for the last three days,

and exactly why I threw it out here. Not only me, but three other people are doing the same. I think it is good to get opinions from people who might know more that I about this business, because I am a total greenhorn. I do apologize for a NFR. post. It is rare that I would even post one.

 
No need to

apologize Karen. We all post NFRs. I just thought that you might want to take your time researching before you invest. I hope it's a good investment for you.

 
About the only investment with a higher failure rate would be a restaurant. In general

performance investments fail at a rate of 85%. Restaurants fail at a rate of 90%. When "break-even" is considered a positive result I'd not just walk away, I'd RUN away.

Do you realize you have a better chance of doubling your money by going to Vegas and putting everything down on red or black at the Roulette table?

If you're up for that or simply looking for a singular experience (rubbing elbows backstage for example)then you have to decide what your investment is worth.

 
I have personal experience both with investing in something similar AND in owning a restaurant

......and I'm afraid I have to agree with Steve.

But I am not telling you what to do, only warning you that it is a risky investment.

Do your own research for sure- and lots of it to find out everything you can about it. Just because he is a "name" it does not guarantee a return on your investment by any means. Even if ticket sales exceed expectations.

 
Not only that but you're dependent on the "unique" skill set of the performer, the quality of >>

his sidemen, audio equipment, skill of the mixer, illness, the venue, the weather, what's on TV, what's going on in the world (ie certain holidays or events do not lend themselves to audiences spending money)and any other vagary you can imagine.

I've seen mediocre performances flourish and exceptional ones fail because of this. The risk just seems FAR greater than the profit potential.

 
How much are they asking you to invest? Are you willing to lose this money?

Steve, Cathy and Richard sound like they have a keen understanding of the proposal. If you are not an experienced investor, why start with something that sounds so risky?

 
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