For Those Who Get Discouraged When They Hear The Word ‘No’… Here’s A Rejection Letter U2 Got From A Record Label In 1979

March 9, 2014 Leave a comment

For Those Who Get Discouraged When They Hear The Word ‘No’… Here’s A Rejection Letter U2 Got From A Record Label In 1979

HENRY BLODGET STRATEGY  MAR. 5, 2014, 11:38 PM

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@uberfacts

RSO Records sends Paul Hewson (a.k.a., “Bono”) the bad news…

It sucks to hear the word “no.”

Even when you’ve gotten rejected thousands of times (as any successful person has), it’s still discouraging.

When you hear the word “no” — when a proposal of yours gets rejected — it’s easy to think that there might be something wrong with the proposal. Or worse, you.

So it’s helpful to remember that everyonehas heard the word “no.”

Lots of investors passed on Facebook, Google, Twitter, et al, for example.

Lots of publishers sniffed at “Harry Potter and the Philosopher’s Stone” (the U.K. title of the original book before one brave U.S. publisher finally bought it).

And at least one record company, it seems, rejected the early recordings of an unknown teenage Dublin band called “U2.”

U2, needless to say, is one of the most successful bands in history. And the record label that said “no?” They’re almost certainly toast.

So have a look at this U2 rejection letter that @uberfacts just tweeted around every time you get rejected. Use the feedback to improve your proposal or presentation, perhaps. But don’t spend a single second doubting yourself just because you heard the word “no.”

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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