Podcasts about Holding company

Company that owns other companies' outstanding stock

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Best podcasts about Holding company

Latest podcast episodes about Holding company

Desert Island Discs
Lindsey Hilsum, journalist

Desert Island Discs

Play Episode Listen Later Apr 27, 2025 50:59


Lindsey Hilsum is a multi-award-winning journalist who has been a foreign correspondent for the past four decades. She has been Channel 4's international editor for the past 22 years and has reported on every continent except Antarctica. After studying French and Spanish at University, she worked as an aid worker in Mexico and Kenya before becoming the East Africa stringer for the BBC World Service. After realising her calling was journalism she devoted her career to covering events around the world including the 1994 genocide in Rwanda and the 2003/4 war in Iraq.She also spent two years in Beijing as the China correspondent for Channel 4 News.Among her many awards for her work, she has been named Amnesty International Journalist of the Year, RTS Specialist Journalist of the Year and has received the Charles Wheeler Award in recognition of her outstanding contribution to broadcast journalism. She is also the author of three books. When she is not abroad reporting, Lindsey lives in London.Presenter: Lauren Laverne Producer: Sarah Taylor .DISC ONE: Dancing in the Dark - Bruce Springsteen DISC TWO: Carey - Joni Mitchell DISC THREE: Shauri Yako - Orchestra Super Mazembe DISC FOUR: Summertime - Billie Holiday and her Orchestra DISC FIVE: Hurricane - Bob Dylan DISC SIX: The Butterfly Lovers' Violin Concerto (Arr. for Violin & Chinese Orchestra): Andante cantabile "Transformation" Composed by He Zhanhao and Chen Gang and performed by Lü Siqing and the Taipei Orchestra, conducted by Yiu-kwong Chung DISC SEVEN: Piece of My Heart - Big Brother and the Holding Company and Janis Joplin DISC EIGHT: Who Knows Where the Time Goes - Fairport ConventionBOOK CHOICE: Collected Poems by W H Auden LUXURY ITEM: A Tang Dynasty horse CASTAWAY'S FAVOURITE: Carey - Joni Mitchell

Too Much Information
"Piece of My Heart" by Janis Joplin (and Big Brother & the Holding Company): Everything You Didn't Know

Too Much Information

Play Episode Listen Later Apr 25, 2025 137:27 Transcription Available


Jordan and Alex avoided showering for days to dive into one of the enduring artifacts of San Francisco’s heady heyday: Big Brother and the Holding Company’s 'Cheap Thrills,' or as everyone knows it, “Janis Joplin’s first album.” The pair swap places for once as Jordan passionately reels off hate for Big Brother, whom Alex allows are “fine.” Along the way they’ll digress into The Evil That Men Do (particularly Albert Grossman and Clive Davis), Alex’s favorite Lou Reed vocal ever, why Cannonball Adderley was the best foil Miles Davis ever had, and Paul McCartney's weird musical moment with Steve "The Joker" Miller during the final days of the Beatles. And of course, they’ll be waxing poetic about sweet Janis, one of the Sixties’ saddest (and most joyful) figureheads. Too Much Information: Let’s Full-Tilt Boogie away Dem Ol’ Kozmic Blues oh my god why did we start talking like that. Support your friendly neighborhood TMI Guys here! https://ko-fi.com/toomuchinformationpodcastSee omnystudio.com/listener for privacy information.

Nuus
NNN antwoord (nie) op PDM se August 26 vraag

Nuus

Play Episode Listen Later Apr 25, 2025 0:34


Tydens die vraag-en-antwoord sessie na president Netumbo Nandi-Ndaitwah se staatsrede, het PDM-leier McHenry Venaani na die president se aangekondigde stryd teen korrupsie verwys. Hy wou weet wanneer die verslag oor die oudit van August 26 Holding Company se boeke vrygestel gaan word. Die maatskappy werk met openbare fondse.

30 Albums For 30 Years (1964-1994)
Big Brother and Holding Company

30 Albums For 30 Years (1964-1994)

Play Episode Listen Later Mar 26, 2025 16:40


(S4-Ep16) Big Brother and Holding Company (Mainstream) Release August 23, 1967, and Recorded December 12-14, 1967 Big Brother and the Holding Company's debut album is a fascinating glimpse into the early rise of Janis Joplin as a powerhouse vocalist. Although the album initially received mixed reviews due to its cleaner, more restrained production than the band's psychedelic live performances, it remains an essential piece of the 1960s San Francisco music scene albums. Joplin's unique voice stands out, adding depth and emotion to tracks like “Down on Me” and “Women Is Losers,” though the album doesn't fully capture the wild energy of their live shows. Standout moments include “Intruder” and the experimental “All Is Loneliness,” showcasing the band's bluesy, psychedelic influences. Despite its lackluster commercial reception, the album helped establish Big Brother as a key figure in the psychedelic movement and introduced Joplin's legendary vocal talent. While it's not as polished as their next release, Cheap Thrills (1968), The album holds significant historical value, paving the way for their future success and marking the beginning of Joplin's short but remarkable career.Signature Tracks “Bye, Bye Baby,"  "Call on Me,"  "All Is Loneliness"Full Albums:  YouTube, Spotify Playlist:  YouTube,  Spotify

Al Ahly Pharos
Pre-Trading Thoughts

Al Ahly Pharos

Play Episode Listen Later Mar 26, 2025 4:27


*Key news articles for today*The International Finance Corporation (IFC) unveiled the list of 11 Egyptian airports slated for development through public-private partnerships (PPP).China's Wu'an Xin Feng signed the contract for its USD1.7 bn integrated metal industries complex in the Ain Sokhna industrial zone with the government yesterday. The Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egyptera) has temporarily halted the acceptance of requests to connect solar power plants to the grid until a regulatory framework for net metering and solar self-consumption is finalized.The House of Representatives approved a grant from the Japanese government worth JPY500 million (USD3.3 million) to the Ministry of Agriculture.Local fertilizer player Agro TH plans to establish its second factory in Sadat City in partnership with an Omani investor with an estimated investment of EGP5 bn.Local home appliances manufacturer Royal Home plans to list 20% of its shares on the EGX within the next 18 months.Instapay transfer fees come into effect on Tuesday, 1 April. Transfers will be subject to a 0.1% fee, ranging from EGP0.50 and EGP20 per transaction.ORAS 4Q24 consolidated net income attributable to shareholders decreased 29.2% YoY to USD31.0 million and adjusted net income attributable to shareholders increased 0.4% YoY to USD117.3 million in FY24. ORAS is currently trading at FY25e PE of 4.9x.JUFO reported 4Q24 attributable net profit of EGP298 million (+108.4% YoY, -69.0% QoQ). FY24 attributable net profit recorded EGP2,735 million (+167.9% YoY), missing our estimates of EGP2,969 million. JUFO is currently trading at FY25f P/E of 8.7x.TMGH and Alameda Healthcare signed a partnership agreement to build a 200-bed hospital in TMGH's Madinaty, with investments of EGP5.0 billion.HELI expects its revenue to reach EGP300.0 billion in ten years.EGCH obtained an EGP10 billion credit facility, from a consortium of 6 banks, to finance the company's nitric acid and ammonium nitrate project. The facility is distributed USD93 million in foreign currency and EGP5 billion in local currency.CIEB Annual General Meeting (AGM) has approved the distribution of cash dividends amounting to EGP3.2 per share, reflecting a payout ratio of 50%. The distribution date is set for April 17, and the record date is April 14.COMI has announced cash dividends of EGP2.50 per share. The distribution date is set for April 10, with a record date of April 7. BTFH announced that the coverage rate for the first phase of the company's capital increase subscription reached 92.11% amounting to 4.95 billion shares. ValU plans to issue securitized bonds worth EGP1 billion during the second quarter of this year.ETEL's assembly approved distributing cash dividends of EGP1.50/share, implying a DPO of 25.4% and a DY of 4.1%.Hilton will set up Africa's first Signia Hotel and Signia Residence in West Cairo's Skywalk. The 200-key hotel will include build on 5k sqm space.The Holding Company for Tourism and Hotels is working on adding 3k keys to its portfolio within the coming three years. 

Al Ahly Pharos
Pre-Trading Thoughts

Al Ahly Pharos

Play Episode Listen Later Mar 16, 2025 5:21


Oil Minister Karim Badawi met with CEO of US-based LNG solutions company Excelerate Energy Steven Kobos where they discussed leasing floating storage and regasification units to Egypt, sharing technical expertise, and LNG trade cooperation, according to a Ministry statement.A high-level investment delegation has received preliminary approval to visit Iraq, unnamed sources said. The Holding Company for Food Industries intends to list a number of its subsidiaries on the EGX in the coming period.Oil producer Capricorn Energy said it has reached a preliminary agreement with the EGPC to improve gas pricing to increase production, under terms aimed at boosting investment and production, along with updated commercial terms.British company BP seeks to increase gas production in Egypt by approximately 160 million cubic feet per day, from two wells in the King Mariout and Fayoum concession areas in the deep waters of the Mediterranean Sea, in 2H25.A government official said that the Ministry of Petroleum expects to receive four shipments of imported LNG during April. President Abdel Fattah El-Sisi approved a USD131 million loan agreement from the African Development Bank to help finance the first phase of the Private Sector Development and Economic Diversification Support Program, as part of the state budget support, according to a report published in the Official Gazette.SWDY reported steady 4Q24 results with attributable earnings coming in at EGP4.2 billion (+106% YoY, -13% QoQ). FY24 attributable earnings surged to EGP17.5 billion (+73% YoY). SWDY board of directors proposed a cash dividend distribution of EGP1.00/share, implying a payout ratio of 12.3% and a dividend yield of 1.2%. SWDY is trading at FY25e P/E of 9.7x and EV/EBITDA of 5.5x.EGAL signed a 25-year USD-denominated corporate Power Purchase Agreement with Scatec for a 1.1 GW solar plant and 200MWh battery energy storage system in Naga Hammadi backed by a sovereign guarantee. Scatec targets to reach financial close and start construction within the next 12 months. We expect the new plant to save around 10-15% of the company's electricity cost which could contribute to increasing our FV by EGP20.00/share to EGP175.00/share. We remind you that electricity represents more than 40% of production costs and EGAL's gross margin shrinks by 2-3% for every EGP0.25/kWh increase in electricity tariff, according to our calculations.CIEB lowered its proposed 2024 dividend payout to EGP3.20/share, representing 50.2% of distributable profits, down from a previously planned EGP3.82/share, or 60% of distributable profits, according to a Board decision. The payout remains subject to the general assembly's approval.OLFI is to distribute cash dividends of EGP2.00/share for FY24 on 27 March 2025, for shareholders on record on 24 March 2025, implying a DY of 10.4%.EFID's BoD is considering the approval of doubling the company's capital to EGP280 million. The proposed capital increase of EGP140 million will be distributed on 700 million shares and financed through the company's retained earnings of FY23. 

How to Scale an Agency
Should I Build a PE Firm? A Private Conversation With a 9 Figure Holding Company Owner (Jordan Ross Interview)

How to Scale an Agency

Play Episode Listen Later Mar 10, 2025 32:11


I may launch a PE firm...but there's much to figure out.In this discussion, I bring in a 9 figure founder from my network to discuss this play. This is a behind the scenes look at what a conversation like this looks like.

Campaign podcast
Do holding company solutions undermine agency brands?

Campaign podcast

Play Episode Listen Later Mar 4, 2025 32:15


Holding company solutions are on the rise, particularly for large clients whose spend is in the £100 millions. Publicis Flame is the latest to ignite, created after Santander appointed Publicis Groupe to its global creative and media business. Ongoing pitches include Natwest which is also looking for a single holding company to take on its media and creative business.Holding companies have been expanding their offerings across creative, media, tech and data to service client needs, but do these solutions really work? And what becomes of the individual agency brands when amalgamated into one solution? Campaign's journalists gather in the studio to discuss.This episode features editor-in-chief Gideon Spanier, creativity and culture editor Alessandra Scotto di Santolo and media editor Beau Jackson. It is hosted by tech editor Lucy Shelley.Further reading:Santander on its shift to one global agency, why it picked Publicis and how ‘data is key'Will more agencies move to a holding company solution for their biggest clients?Pfizer moves creative from IPG to Publicis after just 10 monthsWPP's Mark Read on client demand for AI and fewer agency partnersWPP triumphs over Publicis Groupe to win Centrica's integrated reviewBritish Gas turns up the heat with media, creative and below-the-line reviewBritish Gas appoints media and creative agenciesWPP wins majority of $4 billion Coca-Cola businessThe $100m question for agencies Hosted on Acast. See acast.com/privacy for more information.

Al Ahly Pharos
Pre-Trading Thoughts

Al Ahly Pharos

Play Episode Listen Later Mar 4, 2025 5:15


Egypt's Purchasing Managers' Index (PMI) recorded 50.1 in February declining from a 50-month high of 50.7 in January. The first phase of the Sovereign Fund of Egypt's (SFE) plan to take over all public enterprises will target some 370 profitable firms, over half of the total 709 companies owned by the stateCairo and Baghdad discuss transferring Iraqi oil to be refined in Egyptian refineries.The Ministry of Petroleum and Mineral Resources has launched 13 new areas for exploration and search for oil and gas, including seven offshore gas fields in the Mediterranean Sea and six exploration areas in the Gulf of Suez and the Western Desert.Egypt is pushing ahead with plans to expand the role of renewables in its energy mix, targeting 42% by 2030. The country aims to add 4 GW of new renewable capacity this summer to help avoid power outages.The Egyptian government held talks with the European Union to discuss the second phase of the mechanism of “Macroeconomic Support and Budget Support” with funding of EUR4 billion.The Egyptian government has signed a soft financing agreement with the European Commission worth EUR90 million in the field of food security. The project is set to be financed by other partners, with a grant worth EUR100 million from the European Union and soft financing from the World Bank worth EUR110 million.The European Bank for Reconstruction and Development (EBRD) and the Central Bank of Egypt (CBE) have launched the National SME Champions Programme in partnership with local financial institutions, including the Export Development Bank of Egypt (EXPA), to accelerate the growth of high-potential SMEs. An unnamed Turkish leather company has requested the Industry Ministry allocate an 80k sqm land plot to establish a EGP 2 bn (c. USD 39.5 mn) leather factory in Robbiki Leather City.Chinese company Gold Star will set up a USD4.5 mn facility in the Qantara West Industrial Zone to produce ready-made garments following an agreement it inked with the Suez Canal Economic Zone.Scope International Engineering Company, affiliated with the Saudi Al-Suwailem Group, has contracted with Al-Nasr Housing and Development Company, affiliated with the Holding Company for Construction and Development, to develop the Maqtam Corniche project with total sales estimated at about EGP200 billion and total investments of EGP130 billion.The National Railway Authority targets USD10 million in revenues from sleeping car sector by end of 2025, a 25% growth.FAIT 4Q24 consolidated net profit recorded an impressive EGP3,344 million (+62% q/q , +414% y/y), bringing FY24 net profit to EGP12,441 million (+181% y/y) . BoD proposed cash dividend distribution of EGP3.05/share, implying a payout ratio of 15%, and DY of 8%. Also, BoD proposed the distribution of 1:20 bonus share. The stock is currently trading at P/B25 of 0.6x and P/E25 of 3.5x, with ROAE of 16%.Banque Misr issues a “Yomaty” savings certificate, which is a three-year savings certificate with a variable annual return rate of 27% paid daily and priced according to the corridor deposit rate - 0.25.JUFO subsidiary Tiba for Trade and Distribution signed a EGP400 million financing agreement with CIB to support its expansion and operational efficiency. 

Al Ahly Pharos
Pre-Trading Thoughts

Al Ahly Pharos

Play Episode Listen Later Feb 5, 2025 3:52


Egypt's PMI recorded 50.7 in January, up from 48.1 in December, signaling a renewed improvement in the health of the Egyptian non-oil economy at the beginning of the year, on growth in output and sales as well as falling cost pressures to eight-month low.The government will lease a Turkish floating storage regasification unit starting June and for the duration of the summer, an unnamed government official said. It will cost some USD45 million to lease the unit from June and until November. The unit will liquify some 500 million cubic feet of gas a day for electricity generation in efforts to meet heightened domestic demand during the summer months.Turkey's Kipas Textiles plans to invest EGP1 billion to set up its second fabric factory in Egypt, expected to go live before the end of the year, a company representative said.A consortium of Egyptian, Turkish, and Chinese investors led by homegrown leather manufacturer Fabrica is looking into setting up a EGP200 million industrial complex for leather products. The three partners will hold equal stakes of 33.3% each in the complex, which will focus on export. Construction, facilities preparation, and production lines installation are scheduled to begin next year The House will “within days” introduce a draft law scrapping the capital gains tax on EGX transactions and reinstating a stamp tax, as part of measures aimed at boosting investment, deputy chairman of the Budget Committee Yasser Omar said.Cairo House Egypt inked an agreement with Tourism Investment and Marriott International to turn the Mogamma building into a 500-key Autograph Collection Hotel.The International Finance Corporation's full airport privatization plan should be out in the next six months.The Madbouly government is looking to introduce the unified financing initiative for startups, coordinating efforts between public and private entities to support over 5k startups.The Ministry of Finance collected more than USD1 billion from Egyptians working abroad as part of the initiative to facilitate the import of expatriates' cars, up to January-end, an official said.The CBE has adjusted its mortgage finance initiative for low and middle income groups, its changing income brackets, interest rates, and minimum downpayments. The low-income category, with a monthly net income not exceeding EGP10-12k for individuals and EGP13-15k for households, will be able to get their hands on subsidized mortgage financing at a declining 7.5-8% interest rate. The middle-income category, with a monthly income not exceeding EGP 20k for individuals and EGP 25k for households, can secure financing at a declining 12% interest rate. The minimum down payment for accessing the financing has been set at 20% for both groups.The Ministry of Finance is considering exempting the banking sector from the tax on international loan returns. The government previously introduced an amendment to Article 56 of the Income Tax Law, canceling the tax exemption that was granted to interest paid to non-residents on long-term international loans exceeding three years, and it is expected to have a significant impact on the ability of Egyptian banks to secure USD financing from foreign markets.The local consortium setting up the 300k sqm dry bulk terminal in Dekheila Port is expected to deliver it in 4Q25 with investments to reach USD450 million. The consortium includes Mediterraneo Egypt, Latt Trading and Shipping, a SWDY company, and the Transport Ministry's Holding Company for Maritime and Land Transport.The European Bank for Reconstruction and Development (EBRD) has sold the last 8.8% it held of ISPH.CNFN subsidiary, Contact Creditech, announced the launch of its Maestro program,available through the Contact Now application, enabling customers to customize repayment plans. 

La Ruleta Rusa Radio Rock
La Ruleta Rusa. Entrega 05.2025.

La Ruleta Rusa Radio Rock

Play Episode Listen Later Feb 2, 2025 82:00


En esta entrega, hemos escuchado la música de Plantoid; WEEDIAN, Trip to California (Stoner Edition); Steve Hackett; The Weather Station; Big Brother & The Holding Company with Janis Joplin; Antoine Fafard; Cactus.

E.W. Conundrum's Troubadours and Raconteurs Podcast
Episode 608 Featuring Bruno Milo - Writer, Satirist, Social Critic & Baseball Fan

E.W. Conundrum's Troubadours and Raconteurs Podcast

Play Episode Listen Later Jan 22, 2025 59:00


Episode 608 also includes an E.W. Poetic Piece titled "Coffee and Milkshakes." Our music this go round is provided by these wonderful artists: Thelonious Monk, Janis Joplin with Big Brother & the Holding Company, the Velvet Underground, Otis Redding, Branford Marsalis & Terence Blanchard. Painting by David Lynch. Commercial Free, Small Batch Radio Crafted in the West Mountains of Northeastern Pennsylvania... Heard All Over The World. Tell Your Friends and Neighbors.

Anderson Business Advisors Podcast
Consolidating LLCs Under a Wyoming Holding Company: Is It the Right Move?

Anderson Business Advisors Podcast

Play Episode Listen Later Dec 26, 2024 48:11


It's our last Tax Tuesday episode of 2024! In this episode, Anderson attorneys Amanda Wynalda, Esq., and Eliot Thomas, Esq., address several listener questions on a variety of tax topics. They cover the tax implications of moving into a rental property, including how it affects capital gains and depreciation. They discuss the possibility of using an LLC as a management company for rental properties, allowing for contributions to a personal IRA. Eliot and Amanda also explain how negative cash flow from rentals can affect deductions and tax filings, the importance of staying organized with rental property expenses, and the consequences of transferring ownership in a 1031 exchange. Other topics include options for offsetting passive income with retirement accounts, consolidating LLCs under a Wyoming holding company, deductions for 529 plans, and the stepped-up basis for gifted stocks. Tune in for expert advice on these and more! Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: What are the tax implications of moving into one of our rentals? Bought the property 13 years ago, have never lived in it, taken expenses and depreciation on the returns or should we just rent it from ourselves through our property manager? - Just moving in, no real tax consequence. Once you move in you're not paying capital gains. The 13 years will be considered ‘non-conforming use'. Don't rent it to yourself. I own three rental properties. Can I use that LLC as a management company? Take a 10 to 15% management fee and use that money as an earned income to allow contribution to my personal IRA. Would that contribution be deducted from my rental income as cost to the rentals and Schedule E? When is the deadline for the contribution. My LLC has some expenses too. If my net income is only $3,000, can I still contribute $7,000 to my personal IRA and deduct that amount? - You're running passive rental income through a mgmt company to make it ‘active' income, yes you can do this. You need a management agreement that you actually pay before December 31st. Can I use negative cash flow as a deduction towards income /capable gains? I'm in California and nothing cash flows for at least a few years. If I'm negative $1,000 or more cash flow, is this a deduction against passive income or capital gains? - Capital gains come in when you sell the property. You can pull passive losses from other properties you own. What expenses are incurred for rental properties or tax deductible and what is the best way to stay organized when keeping records of bills and expensive for rental properties to make it easier at tax time? - Google IRS Schedule E page 1. There is a list there to refer to. Good bookkeeping is essential. Can I transfer the ownership of a property owned by an LLC tax as a partnership that I purchased as a replacement property in a 1031 exchange or will that trigger a taxable event? - Yes you can transfer, but it will trigger a taxable event. My wife receives income from multiple sources, real estate rental, consulting, etc. We plan to set up a C Corp to consolidate the passive income and offset some of that income with retirement contributions into a solo 401 (k). Unfortunately, we did not set up the C Corp in time for the tax year 2024. What options do we have with respect to retirement accounts to offset her passive income for 2024. What can we still do? - Consulting is not usually passive income. Can multiple individual LLCs mix of small business and rentals be consolidated into one tax return under a Wyoming holding company? If so, is that a recommended practice? Adding in a small business? - For rentals this is a standard protection structure, one property per LLC. You can add the active, but we would not recommend it. How much can we deduct with a 529 plan for our kids?- Some states may give you a deduction, but at the federal level there is no deduction. If I gift my stock to my aging dad and become the beneficiary the stock when he passes will I get the stepped-up basis after I inherit them? - This is fantastic. Yes, you can do this. This is great, but they have to live for at least one year after the gift, and you have to make sure he's actually going to leave it to you upon his death! Resources: Schedule Your Free Consultation https://andersonadvisors.com/strategy-session/?utm_source=consolidating-llcs-under-a-wyoming-holding-company&utm_medium=podcast Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=consolidating-llcs-under-a-wyoming-holding-company&utm_medium=podcast Bookkeeping Packages from Anderson Advisors https://bookkeeping.andersonadvisors.com/ Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq

Whole 'Nuther Thing
Episode 896: Whole 'Nuther Thing November 30, 2024

Whole 'Nuther Thing

Play Episode Listen Later Dec 2, 2024 121:01


Please join me as I paint my musical watercolor on a late afternoon in late November on this weeks Whole 'Nuther Thing on KXFM 104.7. Joining us are Pat Metheny, Talking Heads, Christopher Cross, The BoDeans, Linda Ronstadt, Spirit, King Crimson, John Hammond Jr, Sarah McLachlan, Taj Mahal, John Mayall, Chicago, XTC, The Everly Brothers, Sweet, Steve Miller Band, Procol Harum, The Knack, Bonnie Raitt, J. Geils Band, Grass Roots, Big Brother & The Holding Company, Blood Sweat & Tears, The Motels, Electric Flag, Hollies and Simon & Garfunkel...

Where It Happens
How to start a Holding Company

Where It Happens

Play Episode Listen Later Nov 20, 2024 47:32


In this episode, I am joined by Michael Girdley, Chairman and CEO of Girdley Enterprises, as we discuss how to build a HoldCo. Michael shares his frameworks and best practices for structuring HoldCo's.Episode Timestamps: 00:00 Intro02:25 What is HoldCo07:22 Types of HoldCo09:45 Why go HoldCo12:56 Types of HoldCo Pt 215:27 Frameworks for structuring your HoldCo19:16 7 steps of starting a HoldCo23:47 Why HoldCo's are awesome36:12 HoldCo's are antifragile 43:16 Make sure HoldCo's are right for you45:16 HoldCo Conference1) What's a Holdco?It's owning multiple businesses but not running any of them day-to-day.Think Warren Buffett lite - you're the maestro orchestrating a portfolio of companies.2) Why go Holdco?• Diversify risk• Create asymmetric bets• Design your ideal lifestyle• Leverage your passionsGirdley: "I tap dance to work every day, even when things are sucky."3) Types of Holdcos:• Roll-up (same biz, diff locations)• Platform (related businesses)• Pure Holdco (unrelated businesses)• Conglomerate (big daddy version)Pick your flavor based on your interests & expertise!4) How to start your Holdco journey:1. Have a plan2. Define your goals3. Design your org structure4. Consult lawyers & tax pros5. Build your all-star advisory team6. Execute & iterate7. Optimize for happiness!5) The secret sauce?

The Best Radio You Have Never Heard Podcast - Music For People Who Are Serious About Music
Speaking Tongues - The Best Radio You Have Never Heard Vol. 496

The Best Radio You Have Never Heard Podcast - Music For People Who Are Serious About Music

Play Episode Listen Later Nov 15, 2024


Insanity through language . . . Speaking Tongues - The Best Radio You Have Never Heard Vol. 496 1. For What It's Worth (live) - Tom Petty and The Heartbreakers 2. The Night They Drove Old Dixie Down (live) - The Allman Brothers Band 3. Alabama (live) - Neil Young w/ Nicolette Larson 4. Moonlight Mile (live) - Jerry Garcia 5. Hall Of Future Saints - Warren Haynes feat. Derek Trucks 6. All I Ever Am - The Cure 7. Reap The Wild Wind (live) - Midge Ure 8. Subways Of Your Mind - FEX 9. Can't Get It Out Of My Head - Velvet Revolver 10. Orion - Rodrigo y Gabriella 11. Mad World - Sierra Hull 12. Neil and Jack and Me (live) - King Crimson 13. Long Road Out Of Eden - The Eagles 14. Pearl Of The Quarter - Steely Dan 15. Pass The Buck - Andy Boller 16. Cry For Love - Iggy Pop 17. Can't You Hear Me Knocking (live) - The Rolling Stones 18. Psycho Killer (early) - Talking Heads 19. Down On Me (live) - Big Brother and The Holding Company feat. Janis Joplin 20. Give Me Love (Give Me Peace On Earth) (early) - George Harrison The Best Radio You Have Never Heard. Speaking In musical tongues. Accept No Substitute Click to leave comments on the Facebook page.

En Blanco y Negro con Sandra
RADIO – MARTES 12 DE NOV: Trump viene con línea dura en su gabinete y aquí Jenniffer González inicia transición. ¿Será igual su gobierno?

En Blanco y Negro con Sandra

Play Episode Listen Later Nov 12, 2024 53:41


Trump establece línea dura en su gabinete de gobierno. ¿Cómo compara con lo que hace aquí JGo? Hoy se anuncia el comité de transición. Hoy también empiezan las controversias en la CEE por los recuentos. Eliezer Molina, y varios candidatos del MVC y del PIP están activados. Choque de Ideologías: Wokismo y Conservadurismo en Puerto Rico Reclaman atender de inmediato la violencia para frenar feminicidios Fallece el fotoperiodista Miguel Maldonado B. Fernández Holding Company en Puerto Rico anuncia la designación de Ángel E. Vázquez como Presidente del conglomerado de negocios compuesto por B. Fernández & Hnos., Pan Pepín, Marvel International y B. Fernández Investment. Terrorismo civil en Haití Estas son algunas de las noticias que tenemos hoy En Blanco y Negro con Sandra. AUDIO: Este es un programa independiente y sindicalizado. Esto significa que se transmite simultáneamente por una serie de emisoras de radio y medios que son los más fuertes en sus respectivas regiones, por sus plataformas digitales, aplicaciones para dispositivos móviles y redes sociales. Estos medios son: 1. Cadena WIAC - WYAC 930 AM Cabo Rojo- Mayagüez 2. Cadena WIAC – WISA 1390 AM Isabela 3. Cadena WIAC – WIAC 740 AM Área norte y zona metropolitana 4. WLRP 1460 AM Radio Raíces La voz del Pepino en San Sebastián 5. X61 – 610 AM en Patillas 6. X61 – 94.3 FM Patillas y todo el sureste 7. WPAB 550 AM - Ponce 8. ECO 93.1 FM – En todo Puerto Rico 9. Mundo Latino PR.com Podcast disponible en Spotify, Soundcloud, Apple Podcasts, Google Podcasts y otras plataformas https://anchor.fm/sandrarodriguezcotto También nos pueden seguir en: REDES SOCIALES: Facebook, X (Twitter), Instagram, Threads, LinkedIn, Tumblr, TikTok BLOG: En Blanco y Negro con Sandra http://enblancoynegromedia.blogspot.com SUSCRIPCIÓN: Substack, plataforma de suscripción de prensa independiente https://substack.com/@sandrarodriguezcotto OTROS MEDIOS DIGITALES: ¡Ey! Boricua, Revista Seguros. Revista Crónicas y otros --- Support this podcast: https://podcasters.spotify.com/pod/show/sandrarodriguezcotto/support

The Deal Scout
Building a Billion-Dollar Holding Company Through Acquisitions with Jude David

The Deal Scout

Play Episode Listen Later Oct 14, 2024 45:46


Unveiling the Secrets of Strategic AcquisitionsThis time, I had the pleasure of sitting down with Jude, a remarkable entrepreneur and dealmaker who has mastered the art of scaling businesses through strategic acquisitions. Here's a sneak peek into our conversation that you won't want to miss:Key Takeaways from Jude's Journey:Scaling Through Acquisitions**: Jude's journey from a small door and window business to a $100 million revenue powerhouse is nothing short of inspiring. He recently doubled his company's size by acquiring Pella Doors and Windows' luxury division.Building a Luxury Brand**: Learn how Jude launched Stately Doors and Windows, targeting high-end homes with bespoke products. His focus on quality and luxury has set his brand apart in a competitive market.Resilience in Deal-Making**: Jude's story of reaching out to 400 private equity firms to secure funding without giving away equity is a masterclass in persistence. He faced numerous rejections but refined his pitch and ultimately found the right partner.Adapting Your Pitch**: Initially presenting his company as a sponsor-backed group limited Jude's appeal. By repositioning himself as a business owner building a platform from scratch, he opened doors that were previously closed.Maintaining Equity**: Despite tempting offers that required giving up equity, Jude's belief in the long-term value of his business drove him to seek better opportunities. His story underscores the importance of holding onto your vision.Balancing Confidence and Humility**: Jude's entrepreneurial spirit is balanced by a strong foundation in faith and values. He shares how maintaining this balance helps him navigate the challenges of business.Cultural and Legal Complexities**: Jude's current venture into acquiring equity in a manufacturing partner in Vietnam presents new challenges. His willingness to take risks and learn on the go is a testament to his entrepreneurial mindset.Guiding Principles**: Jude emphasizes the importance of having a set of guiding principles rooted in faith, which helps him make ethical business decisions and respect the diverse beliefs of his team.Why You Should Listen:Jude's journey is packed with valuable lessons for both aspiring entrepreneurs and seasoned business owners. His insights into deal-making, resilience, and adaptability provide a roadmap for navigating the competitive landscape of business. Whether you're looking to scale your company, refine your pitch, or maintain equity, this episode offers actionable advice and inspiration.Next Steps Share your thoughts with a review - https://www.thedealscout.com/reviews/ Let's connect on LinkedIn - https://www.linkedin.com/in/joshuabrucewilson/ Subscribe and Watch on YouTube - https://www.youtube.com/channel/UCBQN_Y3nhDGClfMxCSBDjOg Disclaimer: The content shared on this podcast is for informational purposes only and should not be taken as financial, legal, or tax advice. The views and opinions expressed are those of the host, Josh Wilson, and any guests, and do not necessarily reflect the official policy or position of any agency or organization. Josh Wilson is a licensed real estate broker and an investment banker, but this podcast is not a substitute for professional advice. We strongly recommend that you consult with a qualified financial advisor, legal counsel, and tax professional before making any financial decisions or taking any actions based on the information provided in this podcast.

Canadian Wealth Secrets
Why Your Holding Company Will Be Double-Taxed in Canada (And How to Fix It) [Secret Sauce Ep17]

Canadian Wealth Secrets

Play Episode Listen Later Oct 11, 2024 18:30


Are you unknowingly setting yourself up to lose over 70% of the wealth you built up through capital gains in your Canadian holding company?Many incorporated business owners are unaware of a significant tax trap lurking in their corporate structures, especially those with holding companies in Canada. Without proper tax planning, your estate could face double taxation—meaning you pay taxes on the capital gain of your assets inside the company, and then your estate pays tax again on the transfer of shares to your heirs upon your death. This could result in more than double the taxes you'd pay if you held these assets in your personal name.In this episode, we break down the double-tax problem many Canadian business owners face and explore how recent government policies have made it harder for Canadians with holding companies to protect their wealth from excessive taxation. We'll also reveal a tool that not only solves this problem but can also help you grow your net worth while you're alive and leave a better legacy for your heirs.What you'll learn:Understand how double taxation could impact your estate and what it means for your holding company assets.Discover why traditional tax minimization strategies may no longer work and what solutions we still have access to.Learn how a properly designed corporate-owned life insurance policy is an important tool to not only preserve your wealth, but also supercharge your net worth inside your Canadian holding company.Listen to this episode now to learn how to protect your assets from double taxation and set your family up for long-term financial success.Resources Canadian Wealth Secrets Show Notes PageConsider reaching out to Kyle if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.This episode helps Canadian incorporated entrepreneurs, business owners and investors to determine what they should be doing to avoid the double-tax issue owners of Canadian holding corporations face when it comes to passing on their assets to their heirs. The Canadian Income Tax Act has made it hard on incorporated business owners to know what to do with their retained earnings and in many cases, sending funds to a Canadian holding company is the most sensible move. However, without the proper participating whole life insurance policy designed to help mitigate the tax consequences, some estates will be left with a tax bill that may tax up to 70% of the capital gains of corporate held assets. Ready to connect? Text us your comment including your phone number for a response!Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Second Bite Podcast
Reflections (10 Years Later) Selling to a Public Holding Company

Second Bite Podcast

Play Episode Listen Later Oct 3, 2024 34:11


Mitch Meyers is a Partner at the medical cannabis firm BeLeaf Medical and the CEO of The BeLeaf Company, which produces high-quality CBD oils to treat epilepsy patients. Mitch is also the Co-Owner and Partner at Nature's Care Company, a Chicago-based dispensary that provides premium medical cannabis. With over 25 years of experience in the marketing and communications industries, she has built, launched, and consulted for Fortune 100 companies, startup businesses, advisory boards, and nonprofit organizations.  In this episode… Selling your agency to a public holding company can be a huge risk. How can you ensure you structure the transaction to your benefit? Mitch Meyers, a Partner at BeLeaf Medical and the CEO of The BeLeaf Company, talks about selling her creative boutique to a public holding company. With host Todd Taskey, Mitch shares how she acquired brands in the alcohol industry, the roadblocks she experienced scaling her first agency, and how to navigate transactions. 

cityCURRENT Radio Show
Coltala: A purpose-driven holding company

cityCURRENT Radio Show

Play Episode Listen Later Sep 19, 2024 16:29


Host Jeremy C. Park talks with Ralph Manning, Co-founder and Co-CEO of Coltala, a purpose-driven holding company based in Fort Worth, Texas, who shares some of his personal background and how experiences, like serving on a major nonprofit board and leading a turnaround effort, helped shape the company's core values and unique approach with "Mission and Margin."During the interview, Ralph discusses how structure drives behavior and why "Mission and Margin" are important for both for-profit and nonprofit organizations to be impactful, successful, and sustainable. He talks about where we are in society today being exponential versus linear in the century before, and how process relates to speed and not bureaucracy.Ralph also covers The Coltala Enterprise System, which is based on the Danaher Business System, focusing on People, Plan, Process, and Performance, and how this system is driving continuous growth and development internally and externally. He wraps up discussing what excites him about the future, their internship program and free resources that are available.Visit www.coltala.com to learn more.https://www.linkedin.com/company/coltalaholdings/

Nuus
McHenry eis nog steeds August 26-oudit

Nuus

Play Episode Listen Later Sep 12, 2024 0:34


Die PDM-president McHenry Venaani het reeds in April in 'n skrywe aan Paulus Noa, direkteur-generaal van die Teenkorrupsie-kommissie, 'n ondersoek geëis na die forensiese ouditverslag oor die sake van August 26 Holding Company, wat nog nie gepubliseer is nie. August 26 is 100 persent in staatsbesit met die verdediging-ministerie as die enigste aandeelhouer. Venaani het ook in Mei aan president Nangolo Mbumba geskryf en hom aangemoedig om te verseker dat die ouditeur-generaal se verslag onmiddellik vrygestel word. Niks het gebeur nie. Venaani het in die Nasionale Vergadering kennis gegee dat hy op 19 September vrae daaroor sal stel. Venaani is aan die woord.

Just Keep Learning Podcast
Build a Personal Holding Company and Navigate the Creator Economy With Yong-Soo

Just Keep Learning Podcast

Play Episode Listen Later Sep 9, 2024 63:24


In this Yong Soo Podcast episode of Just Keep Learning, Justin sits down to talk with the entrepreneur and founder of multiple businesses. They dive deep into the mindset, strategies, and tools necessary for success in the creator economy. From the critical role of the environment to the future of personal holding companies, Yong-Soo shares invaluable insights on entrepreneurship, business, and building a personal brand.Through candid reflections, he reveals the challenges he faced, how he overcame them, and the philosophy that continues to drive him today. Whether you're just starting or looking to take your business to the next level, this episode is packed with actionable advice for founders navigating the rapidly evolving digital world.The Power of Environment in Entrepreneurial SuccessYong-Soo emphasizes the importance of surrounding yourself with the right people and environment to foster growth. His decision to move from New York to San Francisco was a pivotal moment in his journey. He shares how immersing himself in an entrepreneurial community sparked his motivation to build companies in alignment with his passions.By removing himself from the corporate mindset of New York finance, he was able to fully embrace the possibilities of the startup world. His message? Your environment plays a huge role in normalizing your ambitions. If you want to think like an entrepreneur, you need to be around entrepreneurs.Building a Personal Holding CompanyOne of the most profound topics discussed is Yong-Soo's concept of a personal holding company, which he believes is the next wave of entrepreneurship. Unlike traditional holding companies that focus on financial ROI, a personal holding company is centered around creating businesses based on personal interests and passions.Yong-Soo has successfully built businesses around his hobbies, from everyday carry items to dog boutiques, and emphasizes that entrepreneurship can be structured to serve your life and happiness. This approach allows for greater control, personal fulfillment, and the ability to leverage multiple streams of income without the constraints of investor expectations.Navigating the Creator Economy and Building a Personal BrandYong-Soo also touches on the importance of building an audience and distribution. With platforms like X (formerly Twitter) and TikTok evolving, he discusses how entrepreneurs can maximize opportunities by paying attention to macro trends and doubling down on content creation. His practical advice encourages consistency and learning from each post, as growth often comes from repetition and improving over time.For those worried about saturation, Yong-Soo's advice is clear: it's all about execution and trust. Building an authentic connection with your audience and providing consistent value are the keys to standing out in an increasingly crowded space.Practical Takeaways for Aspiring EntrepreneursChange Your Environment: If your current environment doesn't align with your goals, consider moving to a place where you can surround yourself with people who inspire and motivate you.Repetition Breeds Success: Start with quantity—consistently create and publish content. Over time, focus on improving quality while maintaining that consistency.Personal Holding Company: Consider building businesses around your hobbies and interests, allowing you to enjoy life while growing multiple streams of income.Execution Over Ideas: It's not about access to tools or ideas anymore; it's about execution. Focus on standing out through consistent effort and execution.Memorable Quotes"Your environment is constantly gathering information around you and normalizing what's okay and what's not. If your surroundings don't align with your goals, it's time to move.""I believe the next wave of entrepreneurship is personal holding companies—building a portfolio of businesses centered around your own passions and interests.""Repetition is the key to success. First focus on quantity, then quality, and finally master both."Guest BioYong-Soo Chung is an entrepreneur, founder, and host of the First Class Founders podcast. He is a serial entrepreneur bootstrapping his business from $0 to $20m in just over 8 years.With four successful businesses, including Urban EDC Supply, Spotted by Humphrey, GrowthJet, and his creator-focused newsletter and podcast, he's an expert in building brands. Yong-Soo advocates for the power of building personal holding companies—an approach where entrepreneurs align their business pursuits with their passions.Now, he's on a mission to help other founders & creators. When you follow his content you learn proven strategies to build a loyal audience, create irresistible products, and grow your business sustainably.Follow Yong-SooWebsite: FirstClassFounders.ComX: @YongsoochungLinkedIn: @YongSoo I'm so happy you found this podcast. I am here to serve you, the creative solopreneur & aspiring content creator to get clarity on how to create content, teaching, build a business and design the life of your dreams without burning out in the online learning, creator economy.Want to get every single secret, tip, or idea I learn about channelling our emotions into success in this new creator economy, be sure to subscribe to the newsletter: https://newsletter.justkeeplearning.ca/main

Nuus
Venaani 'sal Mbumba dwing' om August 26 oudit-verslag vry te stel

Nuus

Play Episode Listen Later Aug 23, 2024 0:40


Lede van die Popular Democratic Movement vergader in Katima Mulilo vir die party se nasionale verkiesingskongres. Die kongres word Sondag met 'n saamtrek afgesluit. Die PDM se president, McHenry Venaani, het in sy hoofrede frustrasie uitgespreek oor die gebrek aan deursigtigheid rakende die August 26 Holding Company. August 26 word deur die staat besit onder die ministerie van verdediging en veterane-aangeleenthede. Venaani sê ondanks 'n versoek twee maande gelede om die ouditeur-generaal se verslag oor die maatskappy te kry, het hy dit nie ontvang nie.

The Sweaty Startup
396: How I'm Building My Holding Company

The Sweaty Startup

Play Episode Listen Later Aug 21, 2024 11:30


In this clip, I talk with Chris Powers about how I'm building my holding company and all of my businesses   Thanks for listening!   Like this episode? I think you'll love my newsletter. I write a long form essay on how to build wealth and succeed to 250K+ readers each week. Subscribe here: www.nickhuber.com/newsletter   Want to see all of my companies? Click here: www.nickhuber.com/portfolio   Want more of my content?  I'm @SweatyStartup everywhere: Say hello on X: www.x.com/sweatystartup LinkedIn: www.linkedin.com/in/sweatystartup Instagram: www.instagram.com/sweatystartup TikTok: www.tiktok.com/sweatystartup Apple Podcasts: https://podcasts.apple.com/us/podcast/the-nick-huber-show/id1576120606 Spotify: https://open.spotify.com/show/7L5zQxijU81xq4SbVYNs81 Want my team and I to help sell your business? Click here: www.nickhuber.com/sell Want to buy a business that my brokerage represents? Click here: www.nickhuber.com/buy   Are you an accredited investor and interested in learning more about potential deals? Fill out this form: www.nickhuber.com/invest   Want my free PDF on how to analyze a self-storage facility? Click here: https://sweatystartup.ck.page/79046c9b03   Want to hire me as a consultant? Click here: https://sweatystartup.com/storage   Here are the links to my businesses: usiness Brokerage - https://nickhuber.com/ Personal Brand - https://sweatystartup.com/ Self Storage - https://boltstorage.com/ Bold SEO - https://boldseo.com/ Insurance - https://titanrisk.com/ Recruiting - https://recruitjet.com/ Landing Page / Web Development - https://webrun.com/ Overseas Staffing - https://supportshepherd.com/ Debt and Equity - https://bluekeycapital.com/ Tax Credit - https://taxcredithunter.com/ Cost Segregation - https://recostseg.com/ Performance Marketing - https://adrhino.com/ Pest control - https://spidexx.com/   That's all for now.   Thank you again for joining me on my Sweaty Startup journey.   Onward and upward! -Nick  

PR's Top Pros Talk
The Strategic Role of a Holding Company - Dara Busch, CEO of North America for Havas PR

PR's Top Pros Talk

Play Episode Listen Later Aug 12, 2024 11:01


Dara Busch, CEO of North America for Havas PR, shares her excitement about her new role and the evolving public relations landscape. She highlights the growing demand for agencies to deliver a comprehensive multi-channel approach. Dara also emphasizes the importance of transparency and effective communication in building and sustaining long-term relationships.

Bitcoiners - Live From Bitcoin Beach
From El Salvador to Bulgaria: Can Bitcoin Fix Football? | George Manolov of Botev Plovdiv

Bitcoiners - Live From Bitcoin Beach

Play Episode Listen Later Aug 3, 2024 57:49


Live from Bitcoin Beach in El Zonte, El Salvador, I sit down with George Manolov, the visionary behind Botev Plovdiv's integration of Bitcoin. In this episode, we explore how this historic Bulgarian football club is making El Salvador its economic center due to the country's favorable Bitcoin regulations.George explains the strategic benefits of El Salvador's legal framework, including zero capital gains taxes on Bitcoin, and how it aligns with their goal to decentralize ownership and attract international investors. We delve into the potential of Bitcoin as the global reserve currency and why positioning businesses to leverage the Bitcoin network is crucial.We also discuss the club's rich history, recent successes, and ambitions in European competitions. George shares how Botev Plovdiv is engaging fans and players with Bitcoin, from setting up BTC payment options to seeking international sponsorships.Tune in to hear how Bitcoin is transforming businesses and communities. Whether you're a football fan or a Bitcoin enthusiast, this episode offers insights into the future of sports and finance.- MikeSupport and follow Bitcoin Beach:https://twitter.com/Bitcoinbeachhttps://www.instagram.com/bitcoinbeach_sv/https://www.tiktok.com/@livefrombitcoinbeachWeb: https://www.bitcoinbeach.com/Follow the Botev Plovdiv FC Team:X: https://x.com/botev_enhttps://botevplovdiv.bg/https://primal.net/botevhttps://www.youtube.com/@BotevPlovdivPFCofficialConnect with George Manolov:X: https://x.com/BitcoinReadyMeBrowse through this quick guide to learn more about the episode:00:00:00 - Introduction00:02:19 - How Can Bitcoin Transform Traditional Businesses?  00:04:36 - What Are the Advantages of Selling Equity in a Football Club?  00:05:17 - What Is the History of Botev Plovdiv Football Club?  00:06:19 - How Does a Modern Stadium Affect a Football Club's Performance?  00:07:16 - Why Is Fan Engagement Crucial for a Football Club's Success?  00:11:06 - How Do European Competitions Create Business Opportunities for Football Clubs?  00:15:24 - How Did George Manolov Begin His Journey with Bitcoin?  00:27:19 - How to Attract Sponsorships for a Bitcoin-Focused Sports Team?  00:37:26 - Why Establish a Holding Company in El Salvador for a Sports Team?  00:57:17 - What's Next for Botev Plovdiv's Bitcoin Strategy?Live From Bitcoin Beach

Poised for Exit
The Corporate Transparency Act: What you Need to Know

Poised for Exit

Play Episode Listen Later Jul 30, 2024 24:32


The Corporate Transparency Act: What you Need to KnowOur guest for today's show is Scott Seiler, Founder and Partner at Seiler Law. Scott and his team practice in the areas of business M&A, employer representation, and several other related practice areas that pertain to the needs of entrepreneurs. The requirements for filing under the Corporate Transparency Act are important to know and understand exactly who's required to file, who's required to be named in the filing, and the deadlines for filing depending on when the company was registered with the Secretary of State.General requirements are as follows: Companies with 20 employees or lessRevenues of $5MM per year or lessThere are interests other than the owners who may need to be included in the filing.The reason for 'picking on' the smaller companies is due to the large number of LLC Holding Companies in existence in the US. The government is trying to find out who the owners of so many shell companies are. The tactic for filing layers of ownership from Holding Company to Holding Company is tied to terroism, tax evasion and money laundering.  And, any person with "Beneficial Ownership Information" (BOI) must be named in the filing. A person considered to have a beneficial ownership interest includes persons with significant decision making power (think CFO, CEO, President) regardless of whether they have any ownership in your company. The BOI form is must be completed and submitted. Scott's firm has been completing these on behalf of many clients, so if you are unsure of who needs to be named in your BOI, contact Scott's firm at seilerlaw.com within the deadline requirements. Penalties for not filing are quite severe. It's not clear whether professional advisors would be penalized for neglecting to convey CTA requirements to their clients. Most accounting firms are notifying or have notified their clients, but do the owners understand, and are they taking it seriously? By covering this topic for our listeners, we hope to help prevent as many owners from paying these penalties as possible. Please share with your colleagues and advisory team, so they can do the same. Awareness of this requirement is low, as evidenced by the percentage of companies who have filed so far. Those who wait until December to do so could experience a system overload. Scott also touched on some new employer related laws that owners need to be aware of. Listen to the episode here Support the Show.Join the Twin Cities Chapter of EPI at the 2024 Owners Forum! Learn More and Register here

The Glacially Musical Pouredcast
Glacially Musical 190 - Metallica - "Ride the Lightning" Reviewed and When The Band Became Great

The Glacially Musical Pouredcast

Play Episode Listen Later Jul 25, 2024 96:45


More @Metallica! Episode two of our current Metallica run focuses on "Ride The Lightning" the explosive evolution of the band and the MVP of the album , the late, great Cliff Burton! Check out our last series on Queen https://www.youtube.com/playlist?list=PLpHaaolFKt7MC5hjCqlWzQnaanVYY1ZYx For Rock and Metal news: https://www.ghostcultmag.com For vinyl porn: https://www.instagram.com/Glacially_Musical To support the Pouredcast: https://linktr.ee/GlaciallyMusicalPouredcast Invest In Vinyl mylar inner sleeves https://amzn.to/3pPLQaA Timestamp: 0:00 Intro Nik and Keefy "Kindling" 1:46 Beer of The Week ✅ Nik -  @StoneBrewingofficial  2x Bastard, Keefy -  @liquiddeath2793  new flavor! 6:19 Vinyl ✅ Nik -  @officialloureed  +  @janisjoplin  / Big Brother and The Holding Company, Keefy - Gorilla Biscuits + Wendy O Williams RSD 2023 vinyl haul continued 17:46 News ✅ Nik suffers a finger injury, Nik saw  @Alanis  and  @joanjett  + Metallica news, Keefy -  @TOTO 's Steve Pocaro sells his rights + Exodus + The Kings of Thrash + Jay Weinberg can't talk about  @slipknot  yet, 40:32 Shirt ✅ Nik - Sushi Panda, Keefy -  @TheDescendentsVEVO  42:05 Meat ✅ Metallica's - Ride the Lightning reviewed 1:35:00 ✅ Outro - Please like and subscribe! Tell your friends - we need the help! This is the "finger fudge pour: https://www.youtube.com/shorts/rTtqjPgZZ7s #podcast #vinyl #vinylcollecting #craftbeer #rocknews #metalnews #beer #glaciallymusical #thrashmetal #nwobhm #bayareathrash #losanglesthrash #metallica #ridethelightning #slayer #megadeth #davemustaine #kerryking #ripcliffburton #kirkhammett #vinylcommunity #vinylunboxing #ghostcultmag

The Singers Talk
Peter Albin on Janis Joplin

The Singers Talk

Play Episode Listen Later Jul 24, 2024 33:58


Welcome to The Singers Talk Podcast based on my book of the same name. This week you'll hear my conversation with Peter Albin (the bad ass bassist of Big Brother and the Holding Company, talking about the legendary voice of his old bandmate Janis Joplin. In the episode Peter and I discuss that place. Her wild side, her sweet side, and the tragic side, but most of all, we talk about that voice that seemed to be touched by God.   All my writer's royalties from sales of the book benefit the kids and families at St. Jude Children's Research Hospital through our Music Gives to St. Jude Kids campaign. So I'd love for you to grab yourself a copy. And be sure to check out every episode of the podcast, our livestreams, and more at Volume.com/thesingers talk. And if you like the show, please rate, review, and subscribe on your favorite streaming platforms to make sure you hear every new episode. Volume.com is the destination for live music fans, where you can watch live and on-demand performances, see exclusive artist content, listen to music podcasts, and check out live music streams from your favorite artists, venues, and hosts.   Get The Singers Talk book at: Thesingerstalk.com   Donate to St. Jude at: Musicgives.org   You can find JTG @Kingsizetheband Kingsizetheband.com Jason Thomas Gordon is the lead singer/drummer of the Los Angeles rock band Kingsize, a screenwriter, author, and creator of Music Gives to St. Jude Kids, a campaign that raises money and awareness for St. Jude Children's Research Hospital through music-based initiatives. St. Jude was founded by Jason's grandfather, entertainer, Danny Thomas, in Memphis, Tennessee, in 1962. Jason also serves as a National Committee member of the hospital's board.             

The Vertical Go-To-Market Podcast
Building an Agency Holding Company w/ Peter Kang

The Vertical Go-To-Market Podcast

Play Episode Listen Later Jul 17, 2024 43:24


While we've had troves of agency founders on this show, today's guest brings a unique spin to the typical genesis story. Peter Kang, Co-Founder of Barrel Holdings, started out running a website agency some 20 years ago. Today, the business has evolved into a sprawling portfolio of agencies, all homegrown under a single holding company umbrella. How did all this come to be? Looking back, Peter's path to a holding company co-founder might make complete sense, yet he got there by chance. Peter and his partner were at a crossroads, looking to sunset clients that did not fit their core ICP of Shopify clients, but there was a bump in the road; these were all revenue-generating clients. Luckily, one of their existing employees volunteered to spin these accounts out into a shop of its own, and run it, and so, Barrel Holdings was born. Tune into the episode as Peter sits down with Corey to recount the story from early days as an agency founder to capitalizing on Shopify and Webflow momentum, all the way to spinning out a thriving holding company, and the leadership lessons Peter has picked up along the way. "All our holding company agencies are homegrown.” – Peter Kang, Co-Founder of Barrel Holdings Here's what we cover in this episode: - Peter's journey from an agency founder to holding company builder. - The role of partners like Shopify and Webflow in scaling an agency business. - The holding company origin story, and what Peter's holding company offers today. - What he's learned in 20+ years in the digital agency business. Here are some actionable key takeaways for agency founders: - Lean into fast growing partners in the ecosystem to drive lead flow. - Having too diverse of a client pool can be a resource-suck, consider spinning independent divisions to reduce friction. - Improve margins by developing reusable components to the products you're selling. - Make sure incentives are aligned with those who are going to be leading your business for overall success. The resources mentioned in this episode are: - Connect with Peter on LinkedIn Here- Check out Barrel Holdings Here

El sótano
El sótano - The Matrix; The Great Society y Big Brother and the Holding Co.-17/07/24

El sótano

Play Episode Listen Later Jul 17, 2024 59:10


Ubicado en el 3138 de Fillmore Street, en el barrio bohemio de San Francisco, The Matrix fue un pequeño club para apenas 100 personas, con mesitas bajas en las que podías tomarte un cóctel mientras escuchabas bandas en directo. Lo puso en funcionamiento Marty Balin, cantante y líder de Jefferson Airplane, en agosto de 1965 y rápidamente se convirtió en uno de los enclaves más importantes de la ciudad, para acabar siendo reconocido como el lugar desde el que emergió el sonido de San Francisco. El club contaba con una mesa de grabación de cuatro pistas con la que registraron algunos de los conciertos que pasaron por el local. Hoy escuchamos grabaciones en directo de The Great Society en 1966, la banda desde la que emergió la icónica cantante Grace Slick. Y también una actuación de Big Brother and the Holding Company en enero de 1967, con Janis Joplin a la voz antes de que grabaran su primer álbum.Playlist;THE GREAT SOCIETY “Sally go ‘round the roses”THE GREAT SOCIETY “Somebody to love”THE GREAT SOCIETY “Darkly smiling”THE GREAT SOCIETY “Nature boy”THE GREAT SOCIETY “Often as I may”THE GREAT SOCIETY “Father Bruce”THE GREAT SOCIETY “White rabbit”BIG BROTHER and THE HOLDING COMPANY “Bye bye baby”BIG BROTHER and THE HOLDING COMPANY “Turtle blues”BIG BROTHER and THE HOLDING COMPANY “Hi heel sneakers”BIG BROTHER and THE HOLDING COMPANY “It’s a deal”BIG BROTHER and THE HOLDING COMPANY “Caterpillar”Escuchar audio

Dentists Who Invest
Is A Holding Company Right For Me? with David Hossein DWI-EP277

Dentists Who Invest

Play Episode Play 60 sec Highlight Listen Later Jul 8, 2024 23:03 Transcription Available


Want to become as tax efficient as possible?Connect with David here: https://www.dentistswhoinvest.com/david-hossein———————————————————————You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>>  dentistswhoinvest.com/podcastreport———————————————————————Unlock the secrets to maximizing your dental practice's financial efficiency with our returning guest, David Hossain. This episode of the Denison Invest Podcast promises to clear up the murky waters surrounding holding companies, particularly for dentists. David breaks down the intricate differences between directly owning multiple companies and implementing a holding company structure. With his expert insights, we examine scenarios where a dentist might own both a dental practice and a property company, and how lending money between these entities can be tax-free under common control. Our conversation sheds light on the advantages and disadvantages of adding a holding company into the mix and stresses the need for meticulous planning to minimize future tax burdens.Navigate the complex world of tax strategies and discover the significant tax implications of owning a dental practice through a holding company. David delves into the substantial shareholding exemption, explaining how it allows for tax-free capital gains within the holding company while personal access to those funds triggers hefty dividend taxes. Compare this with the benefits of entrepreneur's relief when owning a practice personally. Finally, we discuss the potential impacts on capital gains and inheritance tax, summarizing the pros and cons of holding companies. This episode is a must-listen for dentists seeking to optimize their business structure and minimize tax liabilities—consulting with an accountant is crucial to making informed decisions.Send us a Text Message.

Finshots Daily
SEBI's new move cheers up holding company stock prices

Finshots Daily

Play Episode Listen Later Jul 2, 2024 6:06


In today's episode for 2nd July 2024, we tell you how a new scheme by the SEBI could benefit stock prices of holding companies. Speak to Ditto's advisors now, by clicking the link here - https://bit.ly/4bZKRXS

Rebrand Podcast: Marketing Campaigns Explained by the Brand & Agency

Natalie Alberta Dusey, Global Chief of Staff and Corporate Secretary at Meet The People, explores the future of holding companies and their evolving role in business. Holding companies have a reputation for upselling services to clients regardless of their actual needs. However, in today's client-centric landscape, a new vision for holding companies is emerging that is people-centric, and client-focused. Today, Natalie discusses reimagining the holding company. Show NotesConnect With: Natalie Alberta Dusey: Website // LinkedIn The Rebrand Podcast: Email // LinkedIn // TwitterI Hear Everything: IHearEverything.com // LinkedInSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

daily304's podcast
daily304 - Episode 06.12.2024

daily304's podcast

Play Episode Listen Later Jun 12, 2024 3:13


Welcome to the daily304 – your window into Wonderful, Almost Heaven, West Virginia.   Today is Wednesday, June 12, 2024. Festival season gets underway as West Virginia prepares for the annual Juneteenth Celebration at the State Capitol and New Martinsville hosts the award-winning Back Home Festival. West Virginia also gets a new national scenic trail showcasing the historic Sweet Springs Resort grounds…on today's daily304. #1 – From HHOMA – The stage is set for this year's Juneteenth Celebration in the Capital City.  The free event, hosted by the Herbert Henderson Office of Minority Affairs and sponsored by Charleston's FestivALL, takes place from 4 to 9 p.m. Saturday, June 15 at the West Virginia State Capitol Complex. Headline performers are Raheem DeVaughn and Glenn Jones.  Juneteenth is a federal holiday that celebrates the ending of slavery in the United States. The day will be observed on Wednesday, June 19 as a full-day holiday for all public employees in West Virginia. Learn more: https://minorityaffairs.wv.gov/Juneteenth/Pages/default.aspx   #2 – From WTRF-TV – At this year's Back Home Festival, there's no place like home. Awarded the title of Best West Virginia Festival two years in a row, this year's event features a “Wizard of Oz” theme. The event, set to take place June 28-30, is expected to draw thousands to New Martinsville. An impressive entertainment lineup includes live performances by the Wailers and Big Brother and the Holding Company -- backing bands for Bob Marley and Janis Joplin, respectively. Enjoy mini golf and paddle boats in the city park, then pull up a chair for a viewing of “The Wizard of Oz” set to the accompaniment of Pink Floyd's classic album, “Dark Side of the Moon.” Read more: https://www.wtrf.com/new-martinsville/click-your-heels-for-the-2024-back-home-festival-in-new-martinsville/   #3 – From DOI.GOV – In celebration of Great Outdoors Month and National Trails Day in June, Secretary of the Interior Deb Haaland has announced the designation of four new national recreation trails in four states, including West Virginia. The Sweet Spring Turnpike Trail begins at one of the most historical landmarks in the United States -- the Sweet Springs Resort Park in Monroe County, West Virginia. At just over one mile, the trail is a multi-use, gentle-grade scenic trail that transitions from open pastures to dense forest. It boasts magnificent views of Sweet Springs Valley and the Andrew S. Rowan Memorial Farm, and beautiful seasonal foliage with a wide variety of tree species, raptors, and wildlife.   Read more: https://www.doi.gov/pressreleases/secretary-haaland-designates-four-new-national-recreation-trails   Find these stories and more at wv.gov/daily304. The daily304 curated news and information is brought to you by the West Virginia Department of Commerce: Sharing the wealth, beauty and opportunity in West Virginia with the world. Follow the daily304 on Facebook, Twitter and Instagram @daily304. Or find us online at wv.gov and just click the daily304 logo.  That's all for now. Take care. Be safe. Get outside and enjoy all the opportunity West Virginia has to offer.  

The Everything Show with Dan Carlisle
June 10, 2024 The Everything Show

The Everything Show with Dan Carlisle

Play Episode Listen Later Jun 11, 2024 120:31


Playlist for The Everything Show 6/10/2024Underworld & Iggy Pop / Get Your ShirtCreep Show / BungalowBig Brother & The Holding Company, Janis Joplin / I Need a Man to LoveRingdown / CrazyNina Simone / Blues for MamaPsychedelic Porn Crumpets / When in RomeCigarettes After Sex / Baby Blue MovieThe Beatles / Tomorrow Never KnowsChancha Vía Circuito featuring Miriam Garcia / CoplitaBenny Goodman / One O'Clock Jump (Live at Carnegie Hall)Wang Chung / Dance Hall DaysVintage Culture, Maverick Sabre & Tom Breu / WeakLos Tayos / Bright SorrowBig Maybelle / 96 TearsPrimal Scream / 96 Tears? & The Mysterians / 96 TearsTwo Feet / Fire In My HeadBadfinger / No Matter WhatCrocodiles / Summer of HateJohnny Mathis / It's Not for Me to SayRobin Trower / Bridge Of SighsRui Gabriel / Church Of NashvilleGreen Spirit / Russian rock'n'roll (Этой ночью)The Cult / She Sells SanctuaryArgy, Goom Gum / Pantheon

Today in Lighting
Today in Lighting, 29 MAY 2024

Today in Lighting

Play Episode Listen Later May 29, 2024 2:10


Highlights today include: The Thinker Underlying So Much in Lighting, Bougie Lighting for a Contemporary Vibe, Zumtobel Group Awarded the Third Consecutive EcoVadis Gold, GLX Holding AS, the Holding Company of Glamox, Announces Stable First-Quarter Earnings, REVO Lighting Releases Modular RDL Architectural Downlight Series, Elemental LED Delivers Update to Best Selling Innovation with SWITCHEX®+.

Stock Day Media
Dear Cashmere Holding Company | Pan Global Resources Inc.

Stock Day Media

Play Episode Listen Later May 22, 2024 0:57


Dear Cashmere Holding Company (OTC: DRCR), also known as Swifty Global, is a technology firm focused on creating solutions in the sports betting sector. Swifty aims to drive shareholder value through accelerated innovation and enhanced usability of the products the company develops. With licenses spanning several global jurisdictions, Swifty has brought to market the company's proprietary swipe betting sports prediction application, as well as its traditional sportsbook and casino gaming platforms.« Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) (FSE: 2EU) is pleased to announce results for two further drillholes from an 11-hole step out drill program at the Cañada Honda copper-gold (Cu-Au) discovery, on the Company's 100% owned Escacena Project in the Iberian Pyrite Belt, southern Spain. For more information, please visit StockDayMedia.com

Music Talks
Episode 96 - Lynn Asher - I Want To Do THAT!!

Music Talks

Play Episode Listen Later Apr 4, 2024 59:23


My guest in this episode is Lynn Asher ( www.lynnasher.com ) who was introduced to Music Talks by a recent guest Paul Webb (Ep 92).  Lynn is a native of Portland Maine but she had a childhood dream to move to California. It took some time to fulfil her dream but this year Lynn celebrates 30 years living in California and her musical career spans a similar timescale. Despite being a ‘late bloomer' Lynn has performed and recorded with many big names in the music business including:·       Big Brother & The Holding Company·       Jerry Harrison - Talking Heads, ·       Bob Weir- Grateful Dead ·       Narada Michael Walden - Producer - Whitney Houston, Mariah Carey, Barbra Streisand. Drummer for Mahavishnu Orchestra, Jeff Beck, Aretha Franklin, & Journey. Lynn writes her own original material, one of which is the song choice for the 2000's and was also the assistant to Tracy Chapman for a time. As you will hear at the start of the episode there was also a live appearance with a big musical hero of mine ……In 2009, Lynn became a vocal coach and it has become a real passion, particularly working with young singers, one of which provides her song choice for the 2020's (www.annaharrell.net )Lynn's story is a great musical journey but there is also a personal journey and adversity to be dealt with. In Lynn's case this was dealing with Breast Cancer on three occasions, and I hope you find her insight into how she thought and dealt with that as inspirational as I did. Lynn's song choices are. 60's -    Hey Jude                                                        - The Beatles70's -    You Should Be Dancing                         - Bee Gees80's -    You Can Sleep While I Drive               - Melissa Etheridge90's -    Why                                                                   - Annie Lennox00's -    Now That You're Gone                           - Lynn Asher10's -    Freedom                                                         - (From ‘Django Unchained') 20's -    Night Light                                                    - Anna HarrellIf you would like to be on the show then please contact me at musictalkspod@outlook.com Please follow and like Music Talks on Facebook at https://www.facebook.com/musictalkspod . You can also find me on Twitter @musictalkspod .

Zig at the gig podcasts
Bex Marshall

Zig at the gig podcasts

Play Episode Listen Later Mar 13, 2024 56:16


  UK British Blues Award winner and 4 time European Blues Awards nominee Bex Marshall's unique style of guitar playing is a combined technique of slide, blues rock, ragtime and roots pickin'. Her voice is a powerful melting pot of old black woman's heartache and rock diva soul. Bex is a writer of distinction and notability, she pushes the boundaries of blues, her songs have been called timeless, touches of genius, and now she tours internationally solo or with a three piece band which augments her unique style of of virtuoso playing, Born In Plymouth Devon she was the product of two very different family's, one blue blooded landed gentry (her great grandfather was the Squire of Cornwall) and her mothers side Irish Romany (her great Grandmother was the original fairground fortune teller Madam Olga) As a child at family gatherings her uncles would always play and stand her on the table to sing, at 11 years old she was given a 1963 Gibson Hummingbird by her Uncle David and started playing, she got hooked on instrumentals and classical guitar standards which stretched her fingers and gave her a great basis for her own music to develop, flamenco, ragtime, country chicken pickin', rock and on to blues and roots where she is now in her element. She always had a passion for travelling, its in her blood and trained as a croupier at 18 began her travels around the world working gaming tables on cruise liners to Park Lane even dealing illegal poker games in Amsterdam. She hitch hiked the coast of Australia on cattle trains and always with a guitar on her back living and storing tales. Bex was asked to be the guest JANIS by ‘Big Brother and the Holding Company's original guitarist Sam Andrews on their their 2014 European Tour.     Bex's Info http://www.bexmarshall.com http://www.facebook.com/bexmarshallblues https://www.instagram.com/bexmarshallblues/  

Wings Of...Inspired Business
‘Own It' Mindset: Award-Winning Entrepreneur Kerry Siggins on the Power of Employee Ownership and Cultivating a Winning Team

Wings Of...Inspired Business

Play Episode Listen Later Feb 13, 2024 46:17


Kerry Siggins is the CEO and Executive Chair of StoneAge Holdings, a fast-growing manufacturing and technology company based in Colorado. After transitioning the company's ownership to an ESOP to ensure all employees share in the success of the company, StoneAge has been doubling its growth year over year. A sought-after speaker on enlightened leadership, Kerry presents worldwide at corporations, universities, and conferences and hosts several podcasts, including the wildly popular podcast Reflect Forward. She is also the author of The Ownership Mindset Book, focusing on creating an “own it” culture to lead others to be their best selves.

Millennial Investing - The Investor’s Podcast Network
MI320: Owning and Operating a Holding Company w/ John Wilson

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Jan 22, 2024 56:59


Patrick Donley sits down with John Wilson to learn about the world of home service holding companies. You'll learn about how he bounced back from consumer loan and medical debt largely through hard work and self-education, why he decided to form a holding company, what his first acquisitions were, the importance of picking the right partner, and so much more! John Wilson is a 3rd generation home service entrepreneur and CEO of The Wilson Companies. He is also host of the podcast Owned and Operated where he dives deep into the world of home service entrepreneurship. He is on a quest to build a $100 million dollar home service holding company. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro. 02:03 - Why self-reliance and independence drove his desire for his own company. 08:12 - What John learned from being a 3rd generation entrepreneur. 08:37 - How his dad used his plumbing/HVAC company to buy real estate. 12:49 - How the transition from the 2nd generation to the 3rd generation went. 22:40 - What his first acquisition for the hold co. was. 29:08 - The importance of picking the right partner. 34:33 - The benefits of buying a franchise. 34:49 - The importance of being radically focused. 41:48 - Why the whole game is getting the right people on the bus in the right seats. 47:32 - How his buy box has changed over the years. 53:00 - Why he launched a podcast and much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended Book: Traction by Gino Wickman. Recommended Book: Rich Dad Poor Dad by Robert Kiyosaki. Recommended Book: The Everything Guide to House Hacking by Robert Leonard. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: NetSuite Linkedin Marketing Solutions Fundrise TurboTax HelloFresh Connect with Patrick: Twitter Connect with John: Website | Twitter    Learn more about your ad choices. Visit megaphone.fm/adchoices

This Day in History Class
American singer Janis Joplin is born - January 19th, 1943

This Day in History Class

Play Episode Listen Later Jan 19, 2024 12:05 Transcription Available


On this day in 1943, legendary rock singer Janis Joplin was born in Port Arthur, Texas.See omnystudio.com/listener for privacy information.

First Class Founders: Creators | Solopreneurs | Personal HoldCo
From Hobby to Personal HoldCo: How I Built My Personal Holding Company (BONUS)

First Class Founders: Creators | Solopreneurs | Personal HoldCo

Play Episode Listen Later Dec 20, 2023 134:44


E63: Happy Holidays! We're taking a one-week break from our regularly scheduled programming. But, we're not leaving you high and dry this week!I was fortunate enough to be invited to my friend and fellow entreprenuer Brandon White's (@BrandonCWhite) recording studio in Half Moon Bay a few weeks ago. If you can believe it, we talked for over 2 hours! We dove deep into several topics including the inflection points of my own entrepreneurial journey. We also went into depth about Personal Holding Companies and how Brandon essentially has one himself!This episode brings actionable insights on audience building, creating irresistible product offers, and achieving success in the midst of uncertainty.On today's episode, you'll learn:- Importance of Networking in Business- The Importance of Building Trust Online- How to Build a Personal Holding Company- Social Media Strategies for Business GrowthThis episode is not to be missed!***SPONSORS: Castmagic - Enjoy an exclusive 30% discount for your first 3 months with the code FOUNDERS30.Spotted by Humphrey - If you have a dog, sniff out the DEAL$ and wag-worthy finds at Spotted by Humphrey. Use code FIRSTCLASS15 to get 15% off your next order. ***EXCERPTS:Importance of Delegation in Entrepreneurship: "You're monitoring, but you and you're there in case they need to. They need you for something, but you're not in the day-to-day operations, and that's where you wanna be ultimately." — Yong-Soo Chung (38:14)Building Trust Online: "Building trust is probably the hardest thing to do online right now because there's a lot of crazy people out there, and, they're all saying crazy stuff. And if you can build trust, that will make it so much easier for you. It just open a lot of doors." — Yong-Soo Chung (01:51:20)*** LINKS: The Brandon White ShowJOIN: First Class Founders Premium MembershipDOWNLOAD: Hyper-Visuals For Our Episodes (Free)***FOLLOW / REVIEW:- Follow - Leave 5-star review***CONNECT W/ YONG-SOO:- X- Threads- LinkedIn- Newsletter***First Class Founders is a show for indie hackers, bootstrapped founders, CEOs, solopreneurs, content creators, startup entrepreneurs, and SaaS startups covering topics like build in public, audience growth, product marketing, scaling up, side hustles, holding company, etc. Past guests include Arvid Kahl, Tyler Denk, Noah Kagan, Clint Murphy, Jay Abraham, Andrew Gazdecki, Matt McGarry, Nick Huber, Khe Hy, and more. Episode you might like:Future of Newsletters with Tyler Denk, Founder & CEO at BeehiivFrom Zero to 100K Subscribers: How to Grow Your Newsletter like a Pro with Newsletter Growth Expert Matt McGarry...

The Sweaty Startup
365: How I'm Building My Holding Company

The Sweaty Startup

Play Episode Listen Later Nov 29, 2023 11:30


In this clip, I talk with Chris Powers about how I'm building my holding company and all of my businesses   FREE PDF - How to analyze a property and know what it's worth: https://sweatystartup.ck.page/79046c9b03   Join Mitchell Baldridge and Nick Huber, two leading experts in real estate investing and taxation, as they delve into the complex world of real estate tax strategies. Register through this link https://lu.ma/yjt2j85q   Check the show notes here: https://sweatystartup.com/the-sweaty-startup/   Check out my free Delegation / Hiring 101 course! Click here: https://nickhuber.podia.com/delegation-hiring-101   Join our Real Estate community: https://sweatystartup.com/rec Special thanks to the sponsor: http://recostseg.com   We have a reddit community: https://www.reddit.com/r/sweatystartup/ Twitter Growth Mastery Course: https://sweatystartup.com/twitter Want to hire me as a consultant? Click here: https://sweatystartup.com/storage   Here are the links to my businesses: Business Brokerage - https://nickhuber.com/ Personal Brand - https://sweatystartup.com/ Self Storage - https://boltstorage.com/ Bold SEO - https://boldseo.com/ Insurance - https://titanrisk.com/ Recruiting - https://recruitjet.com/ Landing Page / Web Development - https://webrun.com/ Overseas Staffing - https://supportshepherd.com/ Debt and Equity - https://bluekeycapital.com/ Tax Credit - https://taxcredithunter.com/ Cost Segregation - https://recostseg.com/ Performance Marketing - https://adrhino.com/ Pest control - https://spidexx.com/

Build a Business Success Secrets
How to Build a Personal Holding Company with Yong-Soo Chung Founder of First Class Founders

Build a Business Success Secrets

Play Episode Listen Later Nov 19, 2023 133:38


Building a personal holding company is as old as Warren Buffet and as new as AI these days. Yong-Soo shares how he grew his personal holding company to $20 million in revenue in 8 years and how you can do it too.LINKS First Class Foundershttps://firstclassfounder.com ABOUT YONG-SOO CHUNGYong-Soo is a serial entrepreneur bootstrapping his business from $0 to $20m in over 8 years. Now, he's on a mission to help founders and creators build an audience, create irresistible product offers, and grow their business sustainably. CONNECT WITH US Claim Your Weekly EDGE Newsletter. It's FREE.Written by Brandon with insights giving you an edge to win in your business and your life. Over 24,200 listeners and counting!-> https://edge.ck.page/bea5b3fda6 OTHER GREAT PODCASTS ON THE THE BEST PODCASTS NETWORK Danielle & Brandon Show All about owning a businesshttps://OnBusinessPodcast.com MARKETING PodcastMarketing science revealing successful marketing. https://PodcastOnMarketing.com 401k Plans PodcastSet up and run your company's 401k retirement savings plans correctly.https://401kplanspodcast.com Car Accident Lawyer PodcastBest lawyer advice.https://caraccidentlawyerpodcast.com PRODUCTIVITYTips.https://productivitypodcast.buzzsprout.com podcast for entrepreneurs...

Copyblogger FM: Content Marketing, Copywriting, Freelance Writing, and Social Media Marketing

In this podcast episode, Tim interviews Yong-Soo Chung about the concept of building a personal holding company. They discuss how a personal holding companies involve turning hobbies into projects and eventually businesses. The concept is similar to a lifestyle business, where individuals can have multiple businesses based on their interests. They talk about the differences between different forms of leverage and how anyone can now build a company using digital leverage. Follow Tim on Twitter Follow Yong-Soo Chung on Twitter First Class Founders Your personal assistant to grow & monetize your

A History Of Rock Music in Five Hundred Songs
Episode 169: “Piece of My Heart” by Big Brother and the Holding Company

A History Of Rock Music in Five Hundred Songs

Play Episode Listen Later Oct 30, 2023


Episode 169 of A History of Rock Music in Five Hundred Songs looks at “Piece of My Heart" and the short, tragic life of Janis Joplin. Click the full post to read liner notes, links to more information, and a transcript of the episode. Patreon backers also have a half-hour bonus episode available, on "Spinning Wheel" by Blood, Sweat & Tears. Tilt Araiza has assisted invaluably by doing a first-pass edit, and will hopefully be doing so from now on. Check out Tilt's irregular podcasts at http://www.podnose.com/jaffa-cakes-for-proust and http://sitcomclub.com/ Resources There are two Mixcloud mixes this time. As there are so many songs by Big Brother and the Holding Company and Janis Joplin excerpted, and Mixcloud won't allow more than four songs by the same artist in any mix, I've had to post the songs not in quite the same order in which they appear in the podcast. But the mixes are here — one, two . For information on Janis Joplin I used three biographies -- Scars of Sweet Paradise by Alice Echols, Janis: Her Life and Music by Holly George-Warren, and Buried Alive by Myra Friedman. I also referred to the chapter '“Being Good Isn't Always Easy": Aretha Franklin, Janis Joplin, Dusty Springfield, and the Color of Soul' in Just Around Midnight: Rock and Roll and the Racial Imagination by Jack Hamilton. Some information on Bessie Smith came from Bessie Smith by Jackie Kay, a book I can't really recommend given the lack of fact-checking, and Bessie by Chris Albertson. I also referred to Blues Legacies and Black Feminism: Gertrude “Ma” Rainey, Bessie Smith, and Billie Holiday by Angela Y. Davis And the best place to start with Joplin's music is this five-CD box, which contains both Big Brother and the Holding Company albums she was involved in, plus her two studio albums and bonus tracks. Patreon This podcast is brought to you by the generosity of my backers on Patreon. Why not join them? Transcript Before I start, this episode contains discussion of drug addiction and overdose, alcoholism, mental illness, domestic abuse, child abandonment, and racism. If those subjects are likely to cause you upset, you may want to check the transcript or skip this one rather than listen. Also, a subject I should probably say a little more about in this intro because I know I have inadvertently caused upset to at least one listener with this in the past. When it comes to Janis Joplin, it is *impossible* to talk about her without discussing her issues with her weight and self-image. The way I write often involves me paraphrasing the opinions of the people I'm writing about, in a mode known as close third person, and sometimes that means it can look like I am stating those opinions as my own, and sometimes things I say in that mode which *I* think are obviously meant in context to be critiques of those attitudes can appear to others to be replicating them. At least once, I have seriously upset a fat listener when talking about issues related to weight in this manner. I'm going to try to be more careful here, but just in case, I'm going to say before I begin that I think fatphobia is a pernicious form of bigotry, as bad as any other form of bigotry. I'm fat myself and well aware of how systemic discrimination affects fat people. I also think more generally that the pressure put on women to look a particular way is pernicious and disgusting in ways I can't even begin to verbalise, and causes untold harm. If *ANYTHING* I say in this episode comes across as sounding otherwise, that's because I haven't expressed myself clearly enough. Like all people, Janis Joplin had negative characteristics, and at times I'm going to say things that are critical of those. But when it comes to anything to do with her weight or her appearance, if *anything* I say sounds critical of her, rather than of a society that makes women feel awful for their appearance, it isn't meant to. Anyway, on with the show. On January the nineteenth, 1943, Seth Joplin typed up a letter to his wife Dorothy, which read “I wish to tender my congratulations on the anniversary of your successful completion of your production quota for the nine months ending January 19, 1943. I realize that you passed through a period of inflation such as you had never before known—yet, in spite of this, you met your goal by your supreme effort during the early hours of January 19, a good three weeks ahead of schedule.” As you can probably tell from that message, the Joplin family were a strange mixture of ultraconformism and eccentricity, and those two opposing forces would dominate the personality of their firstborn daughter for the whole of her life.  Seth Joplin was a respected engineer at Texaco, where he worked for forty years, but he had actually dropped out of engineering school before completing his degree. His favourite pastime when he wasn't at work was to read -- he was a voracious reader -- and to listen to classical music, which would often move him to tears, but he had also taught himself to make bathtub gin during prohibition, and smoked cannabis. Dorothy, meanwhile, had had the possibility of a singing career before deciding to settle down and become a housewife, and was known for having a particularly beautiful soprano voice. Both were, by all accounts, fiercely intelligent people, but they were also as committed as anyone to the ideals of the middle-class family even as they chafed against its restrictions. Like her mother, young Janis had a beautiful soprano voice, and she became a soloist in her church choir, but after the age of six, she was not encouraged to sing much. Dorothy had had a thyroid operation which destroyed her singing voice, and the family got rid of their piano soon after (different sources say that this was either because Dorothy found her daughter's singing painful now that she couldn't sing herself, or because Seth was upset that his wife could no longer sing. Either seems plausible.) Janis was pushed to be a high-achiever -- she was given a library card as soon as she could write her name, and encouraged to use it, and she was soon advanced in school, skipping a couple of grades. She was also by all accounts a fiercely talented painter, and her parents paid for art lessons. From everything one reads about her pre-teen years, she was a child prodigy who was loved by everyone and who was clearly going to be a success of some kind. Things started to change when she reached her teenage years. Partly, this was just her getting into rock and roll music, which her father thought a fad -- though even there, she differed from her peers. She loved Elvis, but when she heard "Hound Dog", she loved it so much that she tracked down a copy of Big Mama Thornton's original, and told her friends she preferred that: [Excerpt: Big Mama Thornton, "Hound Dog"] Despite this, she was still also an exemplary student and overachiever. But by the time she turned fourteen, things started to go very wrong for her. Partly this was just down to her relationship with her father changing -- she adored him, but he became more distant from his daughters as they grew into women. But also, puberty had an almost wholly negative effect on her, at least by the standards of that time and place. She put on weight (which, again, I do not think is a negative thing, but she did, and so did everyone around her), she got a bad case of acne which didn't ever really go away, and she also didn't develop breasts particularly quickly -- which, given that she was a couple of years younger than the other people in the same classes at school, meant she stood out even more. In the mid-sixties, a doctor apparently diagnosed her as having a "hormone imbalance" -- something that got to her as a possible explanation for why she was, to quote from a letter she wrote then, "not really a woman or enough of one or something." She wondered if "maybe something as simple as a pill could have helped out or even changed that part of me I call ME and has been so messed up.” I'm not a doctor and even if I were, diagnosing historical figures is an unethical thing to do, but certainly the acne, weight gain, and mental health problems she had are all consistent with PCOS, the most common endocrine disorder among women, and it seems likely given what the doctor told her that this was the cause. But at the time all she knew was that she was different, and that in the eyes of her fellow students she had gone from being pretty to being ugly. She seems to have been a very trusting, naive, person who was often the brunt of jokes but who desperately needed to be accepted, and it became clear that her appearance wasn't going to let her fit into the conformist society she was being brought up in, while her high intelligence, low impulse control, and curiosity meant she couldn't even fade into the background. This left her one other option, and she decided that she would deliberately try to look and act as different from everyone else as possible. That way, it would be a conscious choice on her part to reject the standards of her fellow pupils, rather than her being rejected by them. She started to admire rebels. She became a big fan of Jerry Lee Lewis, whose music combined the country music she'd grown up hearing in Texas, the R&B she liked now, and the rebellious nature she was trying to cultivate: [Excerpt: Jerry Lee Lewis, "Whole Lotta Shakin' Goin' On"] When Lewis' career was derailed by his marriage to his teenage cousin, Joplin wrote an angry letter to Time magazine complaining that they had mistreated him in their coverage. But as with so many people of her generation, her love of rock and roll music led her first to the blues and then to folk, and she soon found herself listening to Odetta: [Excerpt: Odetta, "Muleskinner Blues"] One of her first experiences of realising she could gain acceptance from her peers by singing was when she was hanging out with the small group of Bohemian teenagers she was friendly with, and sang an Odetta song, mimicking her voice exactly. But young Janis Joplin was listening to an eclectic range of folk music, and could mimic more than just Odetta. For all that her later vocal style was hugely influenced by Odetta and by other Black singers like Big Mama Thornton and Etta James, her friends in her late teens and early twenties remember her as a vocal chameleon with an achingly pure soprano, who would more often than Odetta be imitating the great Appalachian traditional folk singer Jean Ritchie: [Excerpt: Jean Ritchie, "Lord Randall"] She was, in short, trying her best to become a Beatnik, despite not having any experience of that subculture other than what she read in books -- though she *did* read about them in books, devouring things like Kerouac's On The Road. She came into conflict with her mother, who didn't understand what was happening to her daughter, and who tried to get family counselling to understand what was going on. Her father, who seemed to relate more to Janis, but who was more quietly eccentric, put an end to that, but Janis would still for the rest of her life talk about how her mother had taken her to doctors who thought she was going to end up "either in jail or an insane asylum" to use her words. From this point on, and for the rest of her life, she was torn between a need for approval from her family and her peers, and a knowledge that no matter what she did she couldn't fit in with normal societal expectations. In high school she was a member of the Future Nurses of America, the Future Teachers of America, the Art Club, and Slide Rule Club, but she also had a reputation as a wild girl, and as sexually active (even though by all accounts at this point she was far less so than most of the so-called "good girls" – but her later activity was in part because she felt that if she was going to have that reputation anyway she might as well earn it). She also was known to express radical opinions, like that segregation was wrong, an opinion that the other students in her segregated Texan school didn't even think was wrong, but possibly some sort of sign of mental illness. Her final High School yearbook didn't contain a single other student's signature. And her initial choice of university, Lamar State College of Technology, was not much better. In the next town over, and attended by many of the same students, it had much the same attitudes as the school she'd left. Almost the only long-term effect her initial attendance at university had on her was a negative one -- she found there was another student at the college who was better at painting. Deciding that if she wasn't going to be the best at something she didn't want to do it at all, she more or less gave up on painting at that point. But there was one positive. One of the lecturers at Lamar was Francis Edward "Ab" Abernethy, who would in the early seventies go on to become the Secretary and Editor of the Texas Folklore Society, and was also a passionate folk musician, playing double bass in string bands. Abernethy had a great collection of blues 78s. and it was through this collection that Janis first discovered classic blues, and in particular Bessie Smith: [Excerpt: Bessie Smith, "Black Mountain Blues"] A couple of episodes ago, we had a long look at the history of the music that now gets called "the blues" -- the music that's based around guitars, and generally involves a solo male vocalist, usually Black during its classic period. At the time that music was being made though it wouldn't have been thought of as "the blues" with no modifiers by most people who were aware of it. At the start, even the songs they were playing weren't thought of as blues by the male vocalist/guitarists who played them -- they called the songs they played "reels". The music released by people like Blind Lemon Jefferson, Son House, Robert Johnson, Kokomo Arnold and so on was thought of as blues music, and people would understand and agree with a phrase like "Lonnie Johnson is a blues singer", but it wasn't the first thing people thought of when they talked about "the blues". Until relatively late -- probably some time in the 1960s -- if you wanted to talk about blues music made by Black men with guitars and only that music, you talked about "country blues". If you thought about "the blues", with no qualifiers, you thought about a rather different style of music, one that white record collectors started later to refer to as "classic blues" to differentiate it from what they were now calling "the blues". Nowadays of course if you say "classic blues", most people will think you mean Muddy Waters or John Lee Hooker, people who were contemporary at the time those white record collectors were coming up with their labels, and so that style of music gets referred to as "vaudeville blues", or as "classic female blues": [Excerpt: Mamie Smith, "Crazy Blues"] What we just heard was the first big blues hit performed by a Black person, from 1920, and as we discussed in the episode on "Crossroads" that revolutionised the whole record industry when it came out. The song was performed by Mamie Smith, a vaudeville performer, and was originally titled "Harlem Blues" by its writer, Perry Bradford, before he changed the title to "Crazy Blues" to get it to a wider audience. Bradford was an important figure in the vaudeville scene, though other than being the credited writer of "Keep A-Knockin'" he's little known these days. He was a Black musician and grew up playing in minstrel shows (the history of minstrelsy is a topic for another day, but it's more complicated than the simple image of blackface that we are aware of today -- though as with many "more complicated than that" things it is, also the simple image of blackface we're aware of). He was the person who persuaded OKeh records that there would be a market for music made by Black people that sounded Black (though as we're going to see in this episode, what "sounding Black" means is a rather loaded question). "Crazy Blues" was the result, and it was a massive hit, even though it was marketed specifically towards Black listeners: [Excerpt: Mamie Smith, "Crazy Blues"] The big stars of the early years of recorded blues were all making records in the shadow of "Crazy Blues", and in the case of its very biggest stars, they were working very much in the same mould. The two most important blues stars of the twenties both got their start in vaudeville, and were both women. Ma Rainey, like Mamie Smith, first performed in minstrel shows, but where Mamie Smith's early records had her largely backed by white musicians, Rainey was largely backed by Black musicians, including on several tracks Louis Armstrong: [Excerpt: Ma Rainey, "See See Rider"] Rainey's band was initially led by Thomas Dorsey, one of the most important men in American music, who we've talked about before in several episodes, including the last one. He was possibly the single most important figure in two different genres -- hokum music, when he, under the name "Georgia Tom" recorded "It's Tight Like That" with Tampa Red: [Excerpt: Tampa Red and Georgia Tom, "It's Tight Like That"] And of course gospel music, which to all intents and purposes he invented, and much of whose repertoire he wrote: [Excerpt: Mahalia Jackson, "Take My Hand, Precious Lord"] When Dorsey left Rainey's band, as we discussed right back in episode five, he was replaced by a female pianist, Lil Henderson. The blues was a woman's genre. And Ma Rainey was, by preference, a woman's woman, though she was married to a man: [Excerpt: Ma Rainey, "Prove it on Me"] So was the biggest star of the classic blues era, who was originally mentored by Rainey. Bessie Smith, like Rainey, was a queer woman who had relationships with men but was far more interested in other women.  There were stories that Bessie Smith actually got her start in the business by being kidnapped by Ma Rainey, and forced into performing on the same bills as her in the vaudeville show she was touring in, and that Rainey taught Smith to sing blues in the process. In truth, Rainey mentored Smith more in stagecraft and the ways of the road than in singing, and neither woman was only a blues singer, though both had huge success with their blues records.  Indeed, since Rainey was already in the show, Smith was initially hired as a dancer rather than a singer, and she also worked as a male impersonator. But Smith soon branched out on her own -- from the beginning she was obviously a star. The great jazz clarinettist Sidney Bechet later said of her "She had this trouble in her, this thing that would not let her rest sometimes, a meanness that came and took her over. But what she had was alive … Bessie, she just wouldn't let herself be; it seemed she couldn't let herself be." Bessie Smith was signed by Columbia Records in 1923, as part of the rush to find and record as many Black women blues singers as possible. Her first recording session produced "Downhearted Blues", which became, depending on which sources you read, either the biggest-selling blues record since "Crazy Blues" or the biggest-selling blues record ever, full stop, selling three quarters of a million copies in the six months after its release: [Excerpt: Bessie Smith, "Downhearted Blues"] Smith didn't make royalties off record sales, only making a flat fee, but she became the most popular Black performer of the 1920s. Columbia signed her to an exclusive contract, and she became so rich that she would literally travel between gigs on her own private train. She lived an extravagant life in every way, giving lavishly to her friends and family, but also drinking extraordinary amounts of liquor, having regular affairs, and also often physically or verbally attacking those around her. By all accounts she was not a comfortable person to be around, and she seemed to be trying to fit an entire lifetime into every moment. From 1923 through 1929 she had a string of massive hits. She recorded material in a variety of styles, including the dirty blues: [Excerpt: Bessie Smith, "Empty Bed Blues] And with accompanists like Louis Armstrong: [Excerpt: Bessie Smith with Louis Armstrong, "Cold in Hand Blues"] But the music for which she became best known, and which sold the best, was when she sang about being mistreated by men, as on one of her biggest hits, "'Tain't Nobody's Biz-Ness if I Do" -- and a warning here, I'm going to play a clip of the song, which treats domestic violence in a way that may be upsetting: [Excerpt: Bessie Smith, "'Tain't Nobody's Biz-Ness if I Do"] That kind of material can often seem horrifying to today's listeners -- and quite correctly so, as domestic violence is a horrifying thing -- and it sounds entirely too excusing of the man beating her up for anyone to find it comfortable listening. But the Black feminist scholar Angela Davis has made a convincing case that while these records, and others by Smith's contemporaries, can't reasonably be considered to be feminist, they *are* at the very least more progressive than they now seem, in that they were, even if excusing it, pointing to a real problem which was otherwise left unspoken. And that kind of domestic violence and abuse *was* a real problem, including in Smith's own life. By all accounts she was terrified of her husband, Jack Gee, who would frequently attack her because of her affairs with other people, mostly women. But she was still devastated when he left her for a younger woman, not only because he had left her, but also because he kidnapped their adopted son and had him put into a care home, falsely claiming she had abused him. Not only that, but before Jack left her closest friend had been Jack's niece Ruby and after the split she never saw Ruby again -- though after her death Ruby tried to have a blues career as "Ruby Smith", taking her aunt's surname and recording a few tracks with Sammy Price, the piano player who worked with Sister Rosetta Tharpe: [Excerpt: Ruby Smith with Sammy Price, "Make Me Love You"] The same month, May 1929, that Gee left her, Smith recorded what was to become her last big hit, and most well-known song, "Nobody Knows You When You're Down and Out": [Excerpt: Bessie Smith, "Nobody Knows You When You're Down and Out"] And that could have been the theme for the rest of her life. A few months after that record came out, the Depression hit, pretty much killing the market for blues records. She carried on recording until 1931, but the records weren't selling any more. And at the same time, the talkies came in in the film industry, which along with the Depression ended up devastating the vaudeville audience. Her earnings were still higher than most, but only a quarter of what they had been a year or two earlier. She had one last recording session in 1933, produced by John Hammond for OKeh Records, where she showed that her style had developed over the years -- it was now incorporating the newer swing style, and featured future swing stars Benny Goodman and Jack Teagarden in the backing band: [Excerpt: Bessie Smith, "Gimme a Pigfoot"] Hammond was not hugely impressed with the recordings, preferring her earlier records, and they would be the last she would ever make. She continued as a successful, though no longer record-breaking, live act until 1937, when she and her common-law husband, Lionel Hampton's uncle Richard Morgan, were in a car crash. Morgan escaped, but Smith died of her injuries and was buried on October the fourth 1937. Ten thousand people came to her funeral, but she was buried in an unmarked grave -- she was still legally married to Gee, even though they'd been separated for eight years, and while he supposedly later became rich from songwriting royalties from some of her songs (most of her songs were written by other people, but she wrote a few herself) he refused to pay for a headstone for her. Indeed on more than one occasion he embezzled money that had been raised by other people to provide a headstone. Bessie Smith soon became Joplin's favourite singer of all time, and she started trying to copy her vocals. But other than discovering Smith's music, Joplin seems to have had as terrible a time at university as at school, and soon dropped out and moved back in with her parents. She went to business school for a short while, where she learned some secretarial skills, and then she moved west, going to LA where two of her aunts lived, to see if she could thrive better in a big West Coast city than she did in small-town Texas. Soon she moved from LA to Venice Beach, and from there had a brief sojourn in San Francisco, where she tried to live out her beatnik fantasies at a time when the beatnik culture was starting to fall apart. She did, while she was there, start smoking cannabis, though she never got a taste for that drug, and took Benzedrine and started drinking much more heavily than she had before. She soon lost her job, moved back to Texas, and re-enrolled at the same college she'd been at before. But now she'd had a taste of real Bohemian life -- she'd been singing at coffee houses, and having affairs with both men and women -- and soon she decided to transfer to the University of Texas at Austin. At this point, Austin was very far from the cultural centre it has become in recent decades, and it was still a straitlaced Texan town, but it was far less so than Port Arthur, and she soon found herself in a folk group, the Waller Creek Boys. Janis would play autoharp and sing, sometimes Bessie Smith covers, but also the more commercial country and folk music that was popular at the time, like "Silver Threads and Golden Needles", a song that had originally been recorded by Wanda Jackson but at that time was a big hit for Dusty Springfield's group The Springfields: [Excerpt: The Waller Creek Boys, "Silver Threads and Golden Needles"] But even there, Joplin didn't fit in comfortably. The venue where the folk jams were taking place was a segregated venue, as everywhere around Austin was. And she was enough of a misfit that the campus newspaper did an article on her headlined "She Dares to Be Different!", which read in part "She goes barefooted when she feels like it, wears Levi's to class because they're more comfortable, and carries her Autoharp with her everywhere she goes so that in case she gets the urge to break out into song it will be handy." There was a small group of wannabe-Beatniks, including Chet Helms, who we've mentioned previously in the Grateful Dead episode, Gilbert Shelton, who went on to be a pioneer of alternative comics and create the Fabulous Furry Freak Brothers, and Shelton's partner in Rip-Off Press, Dave Moriarty, but for the most part the atmosphere in Austin was only slightly better for Janis than it had been in Port Arthur. The final straw for her came when in an annual charity fundraiser joke competition to find the ugliest man on campus, someone nominated her for the "award". She'd had enough of Texas. She wanted to go back to California. She and Chet Helms, who had dropped out of the university earlier and who, like her, had already spent some time on the West Coast, decided to hitch-hike together to San Francisco. Before leaving, she made a recording for her ex-girlfriend Julie Paul, a country and western musician, of a song she'd written herself. It's recorded in what many say was Janis' natural voice -- a voice she deliberately altered in performance in later years because, she would tell people, she didn't think there was room for her singing like that in an industry that already had Joan Baez and Judy Collins. In her early years she would alternate between singing like this and doing her imitations of Black women, but the character of Janis Joplin who would become famous never sang like this. It may well be the most honest thing that she ever recorded, and the most revealing of who she really was: [Excerpt: Janis Joplin, "So Sad to Be Alone"] Joplin and Helms made it to San Francisco, and she started performing at open-mic nights and folk clubs around the Bay Area, singing in her Bessie Smith and Odetta imitation voice, and sometimes making a great deal of money by sounding different from the wispier-voiced women who were the norm at those venues. The two friends parted ways, and she started performing with two other folk musicians, Larry Hanks and Roger Perkins, and she insisted that they would play at least one Bessie Smith song at every performance: [Excerpt: Janis Joplin, Larry Hanks, and Roger Perkins, "Black Mountain Blues (live in San Francisco)"] Often the trio would be joined by Billy Roberts, who at that time had just started performing the song that would make his name, "Hey Joe", and Joplin was soon part of the folk scene in the Bay Area, and admired by Dino Valenti, David Crosby, and Jerry Garcia among others. She also sang a lot with Jorma Kaukonnen, and recordings of the two of them together have circulated for years: [Excerpt: Janis Joplin and Jorma Kaukonnen, "Nobody Knows You When You're Down and Out"] Through 1963, 1964, and early 1965 Joplin ping-ponged from coast to coast, spending time in the Bay Area, then Greenwich Village, dropping in on her parents then back to the Bay Area, and she started taking vast quantities of methamphetamine. Even before moving to San Francisco she had been an occasional user of amphetamines – at the time they were regularly prescribed to students as study aids during exam periods, and she had also been taking them to try to lose some of the weight she always hated. But while she was living in San Francisco she became dependent on the drug. At one point her father was worried enough about her health to visit her in San Francisco, where she managed to fool him that she was more or less OK. But she looked to him for reassurance that things would get better for her, and he couldn't give it to her. He told her about a concept that he called the "Saturday night swindle", the idea that you work all week so you can go out and have fun on Saturday in the hope that that will make up for everything else, but that it never does. She had occasional misses with what would have been lucky breaks -- at one point she was in a motorcycle accident just as record labels were interested in signing her, and by the time she got out of the hospital the chance had gone. She became engaged to another speed freak, one who claimed to be an engineer and from a well-off background, but she was becoming severely ill from what was by now a dangerous amphetamine habit, and in May 1965 she decided to move back in with her parents, get clean, and have a normal life. Her new fiance was going to do the same, and they were going to have the conformist life her parents had always wanted, and which she had always wanted to want. Surely with a husband who loved her she could find a way to fit in and just be normal. She kicked the addiction, and wrote her fiance long letters describing everything about her family and the new normal life they were going to have together, and they show her painfully trying to be optimistic about the future, like one where she described her family to him: "My mother—Dorothy—worries so and loves her children dearly. Republican and Methodist, very sincere, speaks in clichés which she really means and is very good to people. (She thinks you have a lovely voice and is terribly prepared to like you.) My father—richer than when I knew him and kind of embarrassed about it—very well read—history his passion—quiet and very excited to have me home because I'm bright and we can talk (about antimatter yet—that impressed him)! I keep telling him how smart you are and how proud I am of you.…" She went back to Lamar, her mother started sewing her a wedding dress, and for much of the year she believed her fiance was going to be her knight in shining armour. But as it happened, the fiance in question was described by everyone else who knew him as a compulsive liar and con man, who persuaded her father to give him money for supposed medical tests before the wedding, but in reality was apparently married to someone else and having a baby with a third woman. After the engagement was broken off, she started performing again around the coffeehouses in Austin and Houston, and she started to realise the possibilities of rock music for her kind of performance. The missing clue came from a group from Austin who she became very friendly with, the Thirteenth Floor Elevators, and the way their lead singer Roky Erickson would wail and yell: [Excerpt: The 13th Floor Elevators, "You're Gonna Miss Me (live)"] If, as now seemed inevitable, Janis was going to make a living as a performer, maybe she should start singing rock music, because it seemed like there was money in it. There was even some talk of her singing with the Elevators. But then an old friend came to Austin from San Francisco with word from Chet Helms. A blues band had formed, and were looking for a singer, and they remembered her from the coffee houses. Would she like to go back to San Francisco and sing with them? In the time she'd been away, Helms had become hugely prominent in the San Francisco music scene, which had changed radically. A band from the area called the Charlatans had been playing a fake-Victorian saloon called the Red Dog in nearby Nevada, and had become massive with the people who a few years earlier had been beatniks: [Excerpt: The Charlatans, "32-20"] When their residency at the Red Dog had finished, several of the crowd who had been regulars there had become a collective of sorts called the Family Dog, and Helms had become their unofficial leader. And there's actually a lot packed into that choice of name. As we'll see in a few future episodes, a lot of West Coast hippies eventually started calling their collectives and communes families. This started as a way to get round bureaucracy -- if a helpful welfare officer put down that the unrelated people living in a house together were a family, suddenly they could get food stamps. As with many things, of course, the label then affected how people thought about themselves, and one thing that's very notable about the San Francisco scene hippies in particular is that they are some of the first people to make a big deal about what we now  call "found family" or "family of choice". But it's also notable how often the hippie found families took their model from the only families these largely middle-class dropouts had ever known, and structured themselves around men going out and doing the work -- selling dope or panhandling or being rock musicians or shoplifting -- with the women staying at home doing the housework. The Family Dog started promoting shows, with the intention of turning San Francisco into "the American Liverpool", and soon Helms was rivalled only by Bill Graham as the major promoter of rock shows in the Bay Area. And now he wanted Janis to come back and join this new band. But Janis was worried. She was clean now. She drank far too much, but she wasn't doing any other drugs. She couldn't go back to San Francisco and risk getting back on methamphetamine. She needn't worry about that, she was told, nobody in San Francisco did speed any more, they were all on LSD -- a drug she hated and so wasn't in any danger from. Reassured, she made the trip back to San Francisco, to join Big Brother and the Holding Company. Big Brother and the Holding Company were the epitome of San Francisco acid rock at the time. They were the house band at the Avalon Ballroom, which Helms ran, and their first ever gig had been at the Trips Festival, which we talked about briefly in the Grateful Dead episode. They were known for being more imaginative than competent -- lead guitarist James Gurley was often described as playing parts that were influenced by John Cage, but was equally often, and equally accurately, described as not actually being able to keep his guitar in tune because he was too stoned. But they were drawing massive crowds with their instrumental freak-out rock music. Helms thought they needed a singer, and he had remembered Joplin, who a few of the group had seen playing the coffee houses. He decided she would be perfect for them, though Joplin wasn't so sure. She thought it was worth a shot, but as she wrote to her parents before meeting the group "Supposed to rehearse w/ the band this afternoon, after that I guess I'll know whether I want to stay & do that for awhile. Right now my position is ambivalent—I'm glad I came, nice to see the city, a few friends, but I'm not at all sold on the idea of becoming the poor man's Cher.” In that letter she also wrote "I'm awfully sorry to be such a disappointment to you. I understand your fears at my coming here & must admit I share them, but I really do think there's an awfully good chance I won't blow it this time." The band she met up with consisted of lead guitarist James Gurley, bass player Peter Albin, rhythm player Sam Andrew, and drummer David Getz.  To start with, Peter Albin sang lead on most songs, with Joplin adding yelps and screams modelled on those of Roky Erickson, but in her first gig with the band she bowled everyone over with her lead vocal on the traditional spiritual "Down on Me", which would remain a staple of their live act, as in this live recording from 1968: [Excerpt: Big Brother and the Holding Company, "Down on Me (Live 1968)"] After that first gig in June 1966, it was obvious that Joplin was going to be a star, and was going to be the group's main lead vocalist. She had developed a whole new stage persona a million miles away from her folk performances. As Chet Helms said “Suddenly this person who would stand upright with her fists clenched was all over the stage. Roky Erickson had modeled himself after the screaming style of Little Richard, and Janis's initial stage presence came from Roky, and ultimately Little Richard. It was a very different Janis.” Joplin would always claim to journalists that her stage persona was just her being herself and natural, but she worked hard on every aspect of her performance, and far from the untrained emotional outpouring she always suggested, her vocal performances were carefully calculated pastiches of her influences -- mostly Bessie Smith, but also Big Mama Thornton, Odetta, Etta James, Tina Turner, and Otis Redding. That's not to say that those performances weren't an authentic expression of part of herself -- they absolutely were. But the ethos that dominated San Francisco in the mid-sixties prized self-expression over technical craft, and so Joplin had to portray herself as a freak of nature who just had to let all her emotions out, a wild woman, rather than someone who carefully worked out every nuance of her performances. Joplin actually got the chance to meet one of her idols when she discovered that Willie Mae Thornton was now living and regularly performing in the Bay Area. She and some of her bandmates saw Big Mama play a small jazz club, where she performed a song she wouldn't release on a record for another two years: [Excerpt: Big Mama Thornton, "Ball 'n' Chain"] Janis loved the song and scribbled down the lyrics, then went backstage to ask Big Mama if Big Brother could cover the song. She gave them her blessing, but told them "don't" -- and here she used a word I can't use with a clean rating -- "it up". The group all moved in together, communally, with their partners -- those who had them. Janis was currently single, having dumped her most recent boyfriend after discovering him shooting speed, as she was still determined to stay clean. But she was rapidly discovering that the claim that San Franciscans no longer used much speed had perhaps not been entirely true, as for example Sam Andrew's girlfriend went by the nickname Speedfreak Rita. For now, Janis was still largely clean, but she did start drinking more. Partly this was because of a brief fling with Pigpen from the Grateful Dead, who lived nearby. Janis liked Pigpen as someone else on the scene who didn't much like psychedelics or cannabis -- she didn't like drugs that made her think more, but only drugs that made her able to *stop* thinking (her love of amphetamines doesn't seem to fit this pattern, but a small percentage of people have a different reaction to amphetamine-type stimulants, perhaps she was one of those). Pigpen was a big drinker of Southern Comfort -- so much so that it would kill him within a few years -- and Janis started joining him. Her relationship with Pigpen didn't last long, but the two would remain close, and she would often join the Grateful Dead on stage over the years to duet with him on "Turn On Your Lovelight": [Excerpt: Janis Joplin and the Grateful Dead, "Turn on Your Lovelight"] But within two months of joining the band, Janis nearly left. Paul Rothchild of Elektra Records came to see the group live, and was impressed by their singer, but not by the rest of the band. This was something that would happen again and again over the group's career. The group were all imaginative and creative -- they worked together on their arrangements and their long instrumental jams and often brought in very good ideas -- but they were not the most disciplined or technically skilled of musicians, even when you factored in their heavy drug use, and often lacked the skill to pull off their better ideas. They were hugely popular among the crowds at the Avalon Ballroom, who were on the group's chemical wavelength, but Rothchild was not impressed -- as he was, in general, unimpressed with psychedelic freakouts. He was already of the belief in summer 1966 that the fashion for extended experimental freak-outs would soon come to an end and that there would be a pendulum swing back towards more structured and melodic music. As we saw in the episode on The Band, he would be proved right in a little over a year, but being ahead of the curve he wanted to put together a supergroup that would be able to ride that coming wave, a group that would play old-fashioned blues. He'd got together Stefan Grossman, Steve Mann, and Taj Mahal, and he wanted Joplin to be the female vocalist for the group, dueting with Mahal. She attended one rehearsal, and the new group sounded great. Elektra Records offered to sign them, pay their rent while they rehearsed, and have a major promotional campaign for their first release. Joplin was very, very, tempted, and brought the subject up to her bandmates in Big Brother. They were devastated. They were a family! You don't leave your family! She was meant to be with them forever! They eventually got her to agree to put off the decision at least until after a residency they'd been booked for in Chicago, and she decided to give them the chance, writing to her parents "I decided to stay w/the group but still like to think about the other thing. Trying to figure out which is musically more marketable because my being good isn't enough, I've got to be in a good vehicle.” The trip to Chicago was a disaster. They found that the people of Chicago weren't hugely interested in seeing a bunch of white Californians play the blues, and that the Midwest didn't have the same Bohemian crowds that the coastal cities they were used to had, and so their freak-outs didn't go down well either. After two weeks of their four-week residency, the club owner stopped paying them because they were so unpopular, and they had no money to get home. And then they were approached by Bob Shad. (For those who know the film Walk Hard: The Dewey Cox Story, the Bob Shad in that film is named after this one -- Judd Apatow, the film's director, is Shad's grandson) This Shad was a record producer, who had worked with people like Big Bill Broonzy, Sarah Vaughan, Dinah Washington, and Billy Eckstine over an eighteen-year career, and had recently set up a new label, Mainstream Records. He wanted to sign Big Brother and the Holding Company. They needed money and... well, it was a record contract! It was a contract that took half their publishing, paid them a five percent royalty on sales, and gave them no advance, but it was still a contract, and they'd get union scale for the first session. In that first session in Chicago, they recorded four songs, and strangely only one, "Down on Me", had a solo Janis vocal. Of the other three songs, Sam Andrew and Janis dueted on Sam's song "Call on Me", Albin sang lead on the group composition "Blindman", and Gurley and Janis sang a cover of "All Is Loneliness", a song originally by the avant-garde street musician Moondog: [Excerpt: Big Brother and the Holding Company, "All is Loneliness"] The group weren't happy with the four songs they recorded -- they had to keep the songs to the length of a single, and the engineers made sure that the needles never went into the red, so their guitars sounded far more polite and less distorted than they were used to. Janis was fascinated by the overdubbing process, though, especially double-tracking, which she'd never tried before but which she turned out to be remarkably good at. And they were now signed to a contract, which meant that Janis wouldn't be leaving the group to go solo any time soon. The family were going to stay together. But on the group's return to San Francisco, Janis started doing speed again, encouraged by the people around the group, particularly Gurley's wife. By the time the group's first single, "Blindman" backed with "All is Loneliness", came out, she was an addict again. That initial single did nothing, but the group were fast becoming one of the most popular in the Bay Area, and almost entirely down to Janis' vocals and on-stage persona. Bob Shad had already decided in the initial session that while various band members had taken lead, Janis was the one who should be focused on as the star, and when they drove to LA for their second recording session it was songs with Janis leads that they focused on. At that second session, in which they recorded ten tracks in two days, the group recorded a mix of material including one of Janis' own songs, the blues track "Women is Losers", and a version of the old folk song "the Cuckoo Bird" rearranged by Albin. Again they had to keep the arrangements to two and a half minutes a track, with no extended soloing and a pop arrangement style, and the results sound a lot more like the other San Francisco bands, notably Jefferson Airplane, than like the version of the band that shows itself in their live performances: [Excerpt: Big Brother and the Holding Company, "Coo Coo"] After returning to San Francisco after the sessions, Janis went to see Otis Redding at the Fillmore, turning up several hours before the show started on all three nights to make sure she could be right at the front. One of the other audience members later recalled “It was more fascinating for me, almost, to watch Janis watching Otis, because you could tell that she wasn't just listening to him, she was studying something. There was some kind of educational thing going on there. I was jumping around like the little hippie girl I was, thinking This is so great! and it just stopped me in my tracks—because all of a sudden Janis drew you very deeply into what the performance was all about. Watching her watch Otis Redding was an education in itself.” Joplin would, for the rest of her life, always say that Otis Redding was her all-time favourite singer, and would say “I started singing rhythmically, and now I'm learning from Otis Redding to push a song instead of just sliding over it.” [Excerpt: Otis Redding, "I Can't Turn You Loose (live)"] At the start of 1967, the group moved out of the rural house they'd been sharing and into separate apartments around Haight-Ashbury, and they brought the new year in by playing a free show organised by the Hell's Angels, the violent motorcycle gang who at the time were very close with the proto-hippies in the Bay Area. Janis in particular always got on well with the Angels, whose drugs of choice, like hers, were speed and alcohol more than cannabis and psychedelics. Janis also started what would be the longest on-again off-again relationship she would ever have, with a woman named Peggy Caserta. Caserta had a primary partner, but that if anything added to her appeal for Joplin -- Caserta's partner Kimmie had previously been in a relationship with Joan Baez, and Joplin, who had an intense insecurity that made her jealous of any other female singer who had any success, saw this as in some way a validation both of her sexuality and, transitively, of her talent. If she was dating Baez's ex's lover, that in some way put her on a par with Baez, and when she told friends about Peggy, Janis would always slip that fact in. Joplin and Caserta would see each other off and on for the rest of Joplin's life, but they were never in a monogamous relationship, and Joplin had many other lovers over the years. The next of these was Country Joe McDonald of Country Joe and the Fish, who were just in the process of recording their first album Electric Music for the Mind and Body, when McDonald and Joplin first got together: [Excerpt: Country Joe and the Fish, "Grace"] McDonald would later reminisce about lying with Joplin, listening to one of the first underground FM radio stations, KMPX, and them playing a Fish track and a Big Brother track back to back. Big Brother's second single, the other two songs recorded in the Chicago session, had been released in early 1967, and the B-side, "Down on Me", was getting a bit of airplay in San Francisco and made the local charts, though it did nothing outside the Bay Area: [Excerpt: Big Brother and the Holding Company, "Down on Me"] Janis was unhappy with the record, though, writing to her parents and saying, “Our new record is out. We seem to be pretty dissatisfied w/it. I think we're going to try & get out of the record contract if we can. We don't feel that they know how to promote or engineer a record & every time we recorded for them, they get all our songs, which means we can't do them for another record company. But then if our new record does something, we'd change our mind. But somehow, I don't think it's going to." The band apparently saw a lawyer to see if they could get out of the contract with Mainstream, but they were told it was airtight. They were tied to Bob Shad no matter what for the next five years. Janis and McDonald didn't stay together for long -- they clashed about his politics and her greater fame -- but after they split, she asked him to write a song for her before they became too distant, and he obliged and recorded it on the Fish's next album: [Excerpt: Country Joe and the Fish, "Janis"] The group were becoming so popular by late spring 1967 that when Richard Lester, the director of the Beatles' films among many other classics, came to San Francisco to film Petulia, his follow-up to How I Won The War, he chose them, along with the Grateful Dead, to appear in performance segments in the film. But it would be another filmmaker that would change the course of the group's career irrevocably: [Excerpt: Scott McKenzie, "San Francisco (Be Sure to Wear Some Flowers in Your Hair)"] When Big Brother and the Holding Company played the Monterey Pop Festival, nobody had any great expectations. They were second on the bill on the Saturday, the day that had been put aside for the San Francisco acts, and they were playing in the early afternoon, after a largely unimpressive night before. They had a reputation among the San Francisco crowd, of course, but they weren't even as big as the Grateful Dead, Moby Grape or Country Joe and the Fish, let alone Jefferson Airplane. Monterey launched four careers to new heights, but three of the superstars it made -- Otis Redding, Jimi Hendrix, and the Who -- already had successful careers. Hendrix and the Who had had hits in the UK but not yet broken the US market, while Redding was massively popular with Black people but hadn't yet crossed over to a white audience. Big Brother and the Holding Company, on the other hand, were so unimportant that D.A. Pennebaker didn't even film their set -- their manager at the time had not wanted to sign over the rights to film their performance, something that several of the other acts had also refused -- and nobody had been bothered enough to make an issue of it. Pennebaker just took some crowd shots and didn't bother filming the band. The main thing he caught was Cass Elliot's open-mouthed astonishment at Big Brother's performance -- or rather at Janis Joplin's performance. The members of the group would later complain, not entirely inaccurately, that in the reviews of their performance at Monterey, Joplin's left nipple (the outline of which was apparently visible through her shirt, at least to the male reviewers who took an inordinate interest in such things) got more attention than her four bandmates combined. As Pennebaker later said “She came out and sang, and my hair stood on end. We were told we weren't allowed to shoot it, but I knew if we didn't have Janis in the film, the film would be a wash. Afterward, I said to Albert Grossman, ‘Talk to her manager or break his leg or whatever you have to do, because we've got to have her in this film. I can't imagine this film without this woman who I just saw perform.” Grossman had a talk with the organisers of the festival, Lou Adler and John Phillips, and they offered Big Brother a second spot, the next day, if they would allow their performance to be used in the film. The group agreed, after much discussion between Janis and Grossman, and against the wishes of their manager: [Excerpt: Big Brother and the Holding Company, "Ball and Chain (live at Monterey)"] They were now on Albert Grossman's radar. Or at least, Janis Joplin was. Joplin had always been more of a careerist than the other members of the group. They were in music to have a good time and to avoid working a straight job, and while some of them were more accomplished musicians than their later reputations would suggest -- Sam Andrew, in particular, was a skilled player and serious student of music -- they were fundamentally content with playing the Avalon Ballroom and the Fillmore and making five hundred dollars or so a week between them. Very good money for 1967, but nothing else. Joplin, on the other hand, was someone who absolutely craved success. She wanted to prove to her family that she wasn't a failure and that her eccentricity shouldn't stop them being proud of her; she was always, even at the depths of her addictions, fiscally prudent and concerned about her finances; and she had a deep craving for love. Everyone who talks about her talks about how she had an aching need at all times for approval, connection, and validation, which she got on stage more than she got anywhere else. The bigger the audience, the more they must love her. She'd made all her decisions thus far based on how to balance making music that she loved with commercial success, and this would continue to be the pattern for her in future. And so when journalists started to want to talk to her, even though up to that point Albin, who did most of the on-stage announcements, and Gurley, the lead guitarist, had considered themselves joint leaders of the band, she was eager. And she was also eager to get rid of their manager, who continued the awkward streak that had prevented their first performance at the Monterey Pop Festival from being filmed. The group had the chance to play the Hollywood Bowl -- Bill Graham was putting on a "San Francisco Sound" showcase there, featuring Jefferson Airplane and the Grateful Dead, and got their verbal agreement to play, but after Graham had the posters printed up, their manager refused to sign the contracts unless they were given more time on stage. The next day after that, they played Monterey again -- this time the Monterey Jazz Festival. A very different crowd to the Pop Festival still fell for Janis' performance -- and once again, the film being made of the event didn't include Big Brother's set because of their manager. While all this was going on, the group's recordings from the previous year were rushed out by Mainstream Records as an album, to poor reviews which complained it was nothing like the group's set at Monterey: [Excerpt: Big Brother and the Holding Company, "Bye Bye Baby"] They were going to need to get out of that contract and sign with somewhere better -- Clive Davis at Columbia Records was already encouraging them to sign with him -- but to do that, they needed a better manager. They needed Albert Grossman. Grossman was one of the best negotiators in the business at that point, but he was also someone who had a genuine love for the music his clients made.  And he had good taste -- he managed Odetta, who Janis idolised as a singer, and Bob Dylan, who she'd been a fan of since his first album came out. He was going to be the perfect manager for the group. But he had one condition though. His first wife had been a heroin addict, and he'd just been dealing with Mike Bloomfield's heroin habit. He had one absolutely ironclad rule, a dealbreaker that would stop him signing them -- they didn't use heroin, did they? Both Gurley and Joplin had used heroin on occasion -- Joplin had only just started, introduced to the drug by Gurley -- but they were only dabblers. They could give it up any time they wanted, right? Of course they could. They told him, in perfect sincerity, that the band didn't use heroin and it wouldn't be a problem. But other than that, Grossman was extremely flexible. He explained to the group at their first meeting that he took a higher percentage than other managers, but that he would also make them more money than other managers -- if money was what they wanted. He told them that they needed to figure out where they wanted their career to be, and what they were willing to do to get there -- would they be happy just playing the same kind of venues they were now, maybe for a little more money, or did they want to be as big as Dylan or Peter, Paul, and Mary? He could get them to whatever level they wanted, and he was happy with working with clients at every level, what did they actually want? The group were agreed -- they wanted to be rich. They decided to test him. They were making twenty-five thousand dollars a year between them at that time, so they got ridiculously ambitious. They told him they wanted to make a *lot* of money. Indeed, they wanted a clause in their contract saying the contract would be void if in the first year they didn't make... thinking of a ridiculous amount, they came up with seventy-five thousand dollars. Grossman's response was to shrug and say "Make it a hundred thousand." The group were now famous and mixing with superstars -- Peter Tork of the Monkees had become a close friend of Janis', and when they played a residency in LA they were invited to John and Michelle Phillips' house to see a rough cut of Monterey Pop. But the group, other than Janis, were horrified -- the film barely showed the other band members at all, just Janis. Dave Getz said later "We assumed we'd appear in the movie as a band, but seeing it was a shock. It was all Janis. They saw her as a superstar in the making. I realized that though we were finally going to be making money and go to another level, it also meant our little family was being separated—there was Janis, and there was the band.” [Excerpt: Big Brother and the Holding Company, "Bye Bye Baby"] If the group were going to make that hundred thousand dollars a year, they couldn't remain on Mainstream Records, but Bob Shad was not about to give up his rights to what could potentially be the biggest group in America without a fight. But luckily for the group, Clive Davis at Columbia had seen their Monterey performance, and he was also trying to pivot the label towards the new rock music. He was basically willing to do anything to get them. Eventually Columbia agreed to pay Shad two hundred thousand dollars for the group's contract -- Davis and Grossman negotiated so half that was an advance on the group's future earnings, but the other half was just an expense for the label. On top of that the group got an advance payment of fifty thousand dollars for their first album for Columbia, making a total investment by Columbia of a quarter of a million dollars -- in return for which they got to sign the band, and got the rights to the material they'd recorded for Mainstream, though Shad would get a two percent royalty on their first two albums for Columbia. Janis was intimidated by signing for Columbia, because that had been Aretha Franklin's label before she signed to Atlantic, and she regarded Franklin as the greatest performer in music at that time.  Which may have had something to do with the choice of a new song the group added to their setlist in early 1968 -- one which was a current hit for Aretha's sister Erma: [Excerpt: Erma Franklin, "Piece of My Heart"] We talked a little in the last episode about the song "Piece of My Heart" itself, though mostly from the perspective of its performer, Erma Franklin. But the song was, as we mentioned, co-written by Bert Berns. He's someone we've talked about a little bit in previous episodes, notably the ones on "Here Comes the Night" and "Twist and Shout", but those were a couple of years ago, and he's about to become a major figure in the next episode, so we might as well take a moment here to remind listeners (or tell those who haven't heard those episodes) of the basics and explain where "Piece of My Heart" comes in Berns' work as a whole. Bert Berns was a latecomer to the music industry, not getting properly started until he was thirty-one, after trying a variety of other occupations. But when he did get started, he wasted no time making his mark -- he knew he had no time to waste. He had a weak heart and knew the likelihood was he was going to die young. He started an association with Wand records as a songwriter and performer, writing songs for some of Phil Spector's pre-fame recordings, and he also started producing records for Atlantic, where for a long while he was almost the equal of Jerry Wexler or Leiber and Stoller in terms of number of massive hits created. His records with Solomon Burke were the records that first got the R&B genre renamed soul (previously the word "soul" mostly referred to a kind of R&Bish jazz, rather than a kind of gospel-ish R&B). He'd also been one of the few American music industry professionals to work with British bands before the Beatles made it big in the USA, after he became alerted to the Beatles' success with his song "Twist and Shout", which he'd co-written with Phil Medley, and which had been a hit in a version Berns produced for the Isley Brothers: [Excerpt: The Isley Brothers, "Twist and Shout"] That song shows the two elements that existed in nearly every single Bert Berns song or production. The first is the Afro-Caribbean rhythm, a feel he picked up during a stint in Cuba in his twenties. Other people in the Atlantic records team were also partial to those rhythms -- Leiber and Stoller loved what they called the baion rhythm -- but Berns more than anyone else made it his signature. He also very specifically loved the song "La Bamba", especially Ritchie Valens' version of it: [Excerpt: Ritchie Valens, "La Bamba"] He basically seemed to think that was the greatest record ever made, and he certainly loved that three-chord trick I-IV-V-IV chord sequence -- almost but not quite the same as the "Louie Louie" one.  He used it in nearly every song he wrote from that point on -- usually using a bassline that went something like this: [plays I-IV-V-IV bassline] He used it in "Twist and Shout" of course: [Excerpt: The Isley Brothers, "Twist and Shout"] He used it in "Hang on Sloopy": [Excerpt: The McCoys, "Hang on Sloopy"] He *could* get more harmonically sophisticated on occasion, but the vast majority of Berns' songs show the power of simplicity. They're usually based around three chords, and often they're actually only two chords, like "I Want Candy": [Excerpt: The Strangeloves, "I Want Candy"] Or the chorus to "Here Comes the Night" by Them, which is two chords for most of it and only introduces a third right at the end: [Excerpt: Them, "Here Comes the Night"] And even in that song you can hear the "Twist and Shout"/"La Bamba" feel, even if it's not exactly the same chords. Berns' whole career was essentially a way of wringing *every last possible drop* out of all the implications of Ritchie Valens' record. And so even when he did a more harmonically complex song, like "Piece of My Heart", which actually has some minor chords in the bridge, the "La Bamba" chord sequence is used in both the verse: [Excerpt: Erma Franklin, "Piece of My Heart"] And the chorus: [Excerpt: Erma Franklin, "Piece of My Heart"] Berns co-wrote “Piece of My Heart” with Jerry Ragavoy. Berns and Ragavoy had also written "Cry Baby" for Garnet Mimms, which was another Joplin favourite: [Excerpt: Garnet Mimms, "Cry Baby"] And Ragavoy, with other collaborators

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