Top Draft Picks

Now I am not going to get into too much detail about this one but rather just touch upon and maybe later include it in a book, if some one does not steal that.

Mark Messier was drafted 48th in 1979.  The top 3 that year were Rob Ramage, Perry Tumbull, Mike Foligno.

Kobe Bryant was 13th

The point can be made with countless examples.  The point I want to make is that just one of the things that major labels get all wrong is that they draft incorrectly.  They go for that one band that has all the hype and they bid the price up to the point that that band can only disappoint.  That coupled with the lack of any development or "farm league" means failure.

Just like any sport team a record label needs to have excellent scouts.  Of course, we can all identify raw talent.  That is easy.  What is much more difficult is the ability to project what that person will be like in 5-10 years.  Can they write songs well, do they have a good work ethic, do they drink or take drugs, what are their goals.

Yes, some top draft picks do pan out.  However, if you are so excited about something today, think about how excited you will be about it in 10 years.