I also played with Jimi Hendrix. Jimi would come down and sit in with Retaliation and we would have a ball. He offered me the gig with him at 20 pounds a week, which at that point, was like 60 bucks.
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If your goal is to make money, becoming an entrepreneur is a sucker's bet. Sure, some entrepreneurs make a lot of money, but if you calculate the amount of stress-inducing work and time it takes and multiply that by the low likelihood of success and eventual payoff, it is not a great way to get rich.