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Louis Posen was named the Paul Newman of Punk Rock by Businessweek for his commitment to social entrepreneurship, Louis Posen founded independent record label, Hopeless Records, in 1993 and non-profit organization, Sub City, in 1999. Hopeless Records has now become one of the largest independent record labels (by market share) in the world, has released albums for such artists as Avenged Sevenfold, All Time Low, The Used, Taking Back Sunday, The Wonder Years, Yellowcard and Thrice, and has released over 300 albums with sales exceeding five million albums.
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We sat down with Louis to ask him 5 questions about the state of the industry, his inspirations, and any advice he would give someone else or himself starting today.
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Louis Posen, Founder and President of Hopeless Records
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Fast Five with Louis Posen
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If you could change one thing in the industry what would you change?
LP – All indie labels to be members of A2IM!
What advice would you give anyone starting a label now
LP – Always have a Purpose, make decisions based on universal Principles, follow your Passion, be Persistent and surround yourself with good People.
What inspired you to start your label?
LP – A dare!
What has been the key to your success?
LP- No keys. I don’t drive.
What advice would you give to your younger self?
LP – Read Steven Covey, Dale Carnegie and Don Miguel Ruiz.
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We couldn’t have said it better ourselves!
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