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Valuetainment

Episode 274: What Van Halen Can Teach Every Entrepreneur

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 21 February 2019

⏱️ 5 minutes

🧾️ Download transcript

Summary

Van Halen is an American rock band from Pasadena, CA who by the early 1980s were one of the most successful rock acts of the time. What can this group comprised of guitarist Eddie Van Halen, vocalist David Lee Roth (succeeded by Sammy Hagar), drummer Alex Van Halen and bassist Michael Anthony teach every entrepreneur? Watch the episode to find out.

Transcript

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0:00.0

30 seconds.

0:01.0

One time for the under down.

0:04.0

technician sequence star.

0:07.0

Let me see you put them up.

0:09.0

Reach the sky, touch the stars up above because it's one time for the underdog one time for the

0:16.1

underdow I'm Patrick made to be a host of entertainment and today I'm gonna talk about a clause yes a clause like a clause within a contract that a famous rock star Van Halen put in his contract that every single entrepreneur can learn from.

0:30.0

Van Halen back in the days, they were a rock band.

0:33.3

So when these guys would go and perform in the Boston Gardens or the Toronto

0:38.6

Leif's, you know, the Toronto Maple Leaf's Garden or it was Chicago Garden wherever it was the

0:45.1

A.V. equipment wasn't prepared to have a rock band like Van Bihlan. They

0:50.3

would come and there was a lot of different things if he didn't do it right.

0:53.4

It wasn't safe for the attendees.

0:55.8

People could get hurt.

0:56.6

There was a lot of different things to it and they had to protect themselves.

1:00.0

So they had a clause and here's what the clause was.

1:02.8

When they got a promoter to come and promote them

1:06.5

and get all these different setups everywhere, right?

1:09.3

The promoter would have to sign a contract with dozens of stipulations. They had riders is what they called

1:16.4

it on the contract that Van Halen had if you don't go through these dozens of things that we have on the checklist, we don't pay you at the end of the show.

1:26.5

And so the promoter knew, if I get you into gardens, if I do this, if I do this, if I do this, if I do this,

1:30.0

if I don't follow these dozens, you're not going to get paid at the end of the show.

1:35.0

So a lot of people used to say, you know, David L. Rod, he's a weird guy anyways, all these stories about him going in his man cave,

...

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