Hany Nada

Hany Nada is founding partner of GGV Capital, a global, expansion–stage venture firm based in Silicon Valley and Shanghai with $1.6B under management.

What the Music Business Can Learn From the Gaming and Gambling Industries

What the Music Business Can Learn From the Gaming and Gambling Industries

When it comes making money, the music industry – from labels, to artists, managers, promoters and venues – is stuck in the past. While the industry has embraced digital technology for production and distribution, almost everyone still insists on selling albums and songs. The trick is to stop thinking like a record store employee intent on selling albums, and start thinking like a casino boss, who knows the best way to make money is to give free perks to the top patrons so they'll spend big at the card tables.