My Philosophy: Dame Dash Says Good Business Means More Problems (Part 2)
Dame Dash has had big deals and little things, but his business model is one most can’t imitate. “People say never put up your own money. I’m saying put your own money up,” he tells VIBE in part two of My Philosophy. “Work harder than everyone, be patient and just know that if you’re going to do something on your own, you’re gonna have to feel some pain.”
It’s his flair for risk-taking that has also hurt the Roc-A-Fella co-founder’s wallet. Back in May, he filed a five-page court document detailing the extent of his debt, owing $2 million in IRS taxes and apparently abandoning his upstate New York estate. Still, his hustler’s mentality has stayed in tact and owning his investments. However, it hasn’t stopped him from falling victim to funny-style characters.
“When my children look and ask about what I do, they know I’m the boss,” he says. “They know I put up my own dough. They can care less what they read in the paper. They see it everyday and that their quality of living is never compromised. They know that there’s no other man that could walk into the room and make me bow down or talk with a different tone or be extra nice too and that’s what I watch all of these so called “men” do. They claim they’re these bosses and have these things but someone else is paying for it. And when that someone else from another culture walks into the room, I see voices change, demeanors change and it’s disgusting.”
While he won’t name names, he says that adversity is inherent of success. Watch the second installment of our three-part series above.