Dame Dash says he has been losing money for quite some time but that he’s not ashamed about it at all.
Dame is an investor of several businesses and owns several of his own.
“While I’m investing in something else, I might not be making the money and the profit, so I can’t afford to pay out what I was when I was having EBITA of eight million dollars a year,” he said on The CEO Show. “So you can’t judge how much I’m gonna pay out by how much I made 20 years ago.”
Dame says he wears his brokeness with pride.
He continued, “I’ve had to start [a] new company from scratch, without any money to start it with,” he continued. “I had to do it [by] rubbing two sticks together. So I can’t pay out three or four hundred thousand a year in child support, ’cause I ain’t making that. But I’m not ashamed of that because I have things to show for it, but it hasn’t profited yet. I’m like a proud broke, but it ain’t broke, because I have things to show for it.”
[social_warfare]