Music producer Don Jazzy revealing in the recent mega bucks deal between his Mavin Records and Universal Music Group deal has stressed the importance of starting small and staying focus.
The Universal Music Group acquired 80 percent stake in Mavin records, a deal worth up to $200m not bad for a record company that started from almost nothing to home to global superstars like Rema, Ayra Starr,Crayon and Ladipoe. Don Jazzy and D’Banj started out with Mo’ Hits record before the duo parted ways.
“Dear Entrepreneurs, Dream big, start small, but most importantly, start. Know why you started and keep going no matter how rough it gets cos trust me there will be tough times. There will be distractions too but you see me I stay minding my business,” Don Jazzy captioned a video on his Instagram page.
According to Billboard reports Mavin was being shopped by Shot Tower Capital at a valuation north of $125 million, with a sale price in the region of $150 million to $200 million; it was unclear if publishing was involved in the deal. As part of the investment arrangement, Don Jazzy — who founded Mavin in 2012, and also serves as CEO — and COO Tega Oghenejobo will continue to run the label.
