A fair amount of noise was made recently when it was reported that Mick Jagger of the Rolling Stones had lost an untold sum of his estimated net worth of $300 million in a failed Internet start-up. How could Mr. Jagger, a seasoned rock star who studied at the London School of Economics and famous for his shrewd business acumen, get fleeced in a bad business deal? In short, he didn’t. But Mr. Jagger was involved in the Internet venture called Famos, along with Eurythmics guitarist Dave Stewart and singer Britney Spears. But none of them, it turns out, lost money. I spoke with Famos founder Rent Sidon to find out the story. Read More
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