- 10,580
- 7,874
Just need a few GoPro headsets and one 360 cam to stay back in our sleeping area to capture everything
FIXED
Ja Rule's finesse of the Century - Fyre Festival
Just need a few GoPro headsets and one 360 cam to stay back in our sleeping area to capture everything
- 3,309
- 4,480
Please rob these lames again please!!!!
- 70,049
- 24,223
watch LeBron not even say anything so he can get a good laugh at da shenanigans 
- 21,595
- 18,646
Fyre Festival vol. 2?!?!
How this managed to even get this far is incredible and proves that Ja is the greatest thief in history if he's able to pull of this heist.
They really should've just went all out and made the announcement on April 1st to make it really epic
How this managed to even get this far is incredible and proves that Ja is the greatest thief in history if he's able to pull of this heist.
They really should've just went all out and made the announcement on April 1st to make it really epic
- 3,129
- 2,746
Ja's 2¢
formerly vcshoxj6
- 6,720
- 2,615
- 53,481
- 21,060
If ashanti's going then i’ll be there.
- 13,384
- 6,657
- 10,299
- 12,002
Reading the Wikipedia page Sounds like there were a few potential investors that had some sort of intelligence
"It's one of the greatest social-media campaigns I've ever seen," a financial manager for a popular rapper commented later. "They got the most beautiful women in the world, with the largest social following." However, when he called McFarland later to find out more, and found out that his partner was Ja Rule, he declined McFarland's invitation to invest.
Sounds like there were a few potential investors that had some sort of intelligence"It's one of the greatest social-media campaigns I've ever seen," a financial manager for a popular rapper commented later. "They got the most beautiful women in the world, with the largest social following." However, when he called McFarland later to find out more, and found out that his partner was Ja Rule, he declined McFarland's invitation to invest.
- 15,794
- 12,180
^ damn
- 10,299
- 12,002
These things stand out:
One of those who did invest, fashion executive Carola Jain, reportedly got Fyre a $4 million loan. The company used most of it to rent luxurious offices in Manhattan's TriBeCa neighborhood. With no experience staging an event of the proposed festival's scale, McFarland began reaching out to companies that did. However, he was reportedly taken aback when they told him the event would cost at least $5 million, perhaps even $12 million to stage in the time available as he had promised
Comcast Ventures considered investing $25 million in the app, which McFarland apparently hoped would allow him to finance the festival, but declined days beforehand.[7] Reportedly McFarland had valued Fyre Media at $90 million, and was unable to provide sufficient proof of that when Comcast requested it.[4]
So basically, he could've actually easily followed through on the promises made to customers if he hadn't been trying to scam Comcast for an extra $65 million and if he didn't use his investors' money to fund his own luxury lifestyle.
It's one of the most common things I've seen in the startup industry; young owners/CEOs spending millions on luxury offices and perks while not being able to afford to improve the actual product. Many of the most successful startups I've worked with literally worked out of shacks with 3 people to each desk; they only upgraded their offices once they actually delivered a successful product/service and established a stable customer base.
One of those who did invest, fashion executive Carola Jain, reportedly got Fyre a $4 million loan. The company used most of it to rent luxurious offices in Manhattan's TriBeCa neighborhood. With no experience staging an event of the proposed festival's scale, McFarland began reaching out to companies that did. However, he was reportedly taken aback when they told him the event would cost at least $5 million, perhaps even $12 million to stage in the time available as he had promised
Comcast Ventures considered investing $25 million in the app, which McFarland apparently hoped would allow him to finance the festival, but declined days beforehand.[7] Reportedly McFarland had valued Fyre Media at $90 million, and was unable to provide sufficient proof of that when Comcast requested it.[4]
So basically, he could've actually easily followed through on the promises made to customers if he hadn't been trying to scam Comcast for an extra $65 million and if he didn't use his investors' money to fund his own luxury lifestyle.
It's one of the most common things I've seen in the startup industry; young owners/CEOs spending millions on luxury offices and perks while not being able to afford to improve the actual product. Many of the most successful startups I've worked with literally worked out of shacks with 3 people to each desk; they only upgraded their offices once they actually delivered a successful product/service and established a stable customer base.
- 10,580
- 7,874
Sound like he was hopin' with all the fancy stuff he was getting and how he was livin' the investors would think he knew what he was doing and trust him with they money. Can't fake it till you make it against everybody
- 10,299
- 12,002
Yup. If he had any common sense, he would've used the initial investments to just get the product out there and establish Fyre as a legit festival. He could've gotten millions of sponsors and investments for future Fyre festivals without having to scam for it (excluding the initial festival), but he just got too greedy and had to get all of it in year one.
- 677
- 250
Cliffs
- 4,700
- 1,947
Nah. Do yourself a favor and read thru the thread fam. You won't regret it.
- 15,448
- 16,780
It's actually reported that both Ashanti and identical twin Moreshanti will both be in attendance.
- 3,884
- 6,271
Agreed. This was definitely one of those threads that you read from start to finish
- 677
- 250
37 pages tho? Yall trifling.
- 10,541
- 18,150
It’s worth the read.
- 1,304
- 578
In for Pt. 2
- 20,575
- 10,584
I would never tell anyone to read all 37 pages of a thread on the internet...except this thread. This thread was already epic, and then someone posted the video of Ja actually saying the insane things that were quoted in news stories. Then it just went to another level lol
- 10,299
- 12,002
One of the best parts was people turning from "Poor Ja; he was probably used as a scapegoat" to "Never mind..." when the video surfaced
- 42,318
- 44,186
37 pages of lulz fam.
At least image search Fyre Festival. The sandwich pic literally sums up the whole festival.
- 15,794
- 12,180
Are they really doing a 2018 festival?
- 3,884
- 6,271
The umbrella fight had me rolling especially the gif that was posted with it
Similar threads
