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A very dear friend sent me a term sheet
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Fyre Fraud

A very dear friend sent mea term sheet from Comcast Venturesto Fyre Media

A very dear friend sent me
a term sheet from Comcast Ventures
to Fyre Media

Full Transcript

00:00:01.000 --> 00:00:03.672
A very dear friend sent me a term sheet
00:00:03.672 --> 00:00:06.026
from Comcast Ventures to Fyre Media.
Duration
6 seconds
Views
28
Timestamp in Movie
00:52:41
Uploaded
Jun 11, 2025
Genres
documentary
Production
Mic,Billboard,The Cinemart

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Movie Summary

Concert promoters and rapper Ja Rule advertise a high-end festival experience that fails spectacularly when they don't plan for the infrastructure to support the venue, artists and guests.
It was for a significant amount of money‐‐ - Fyre Fraud 00:07
It was for a significant amount of money‐‐
But he was just indicating that - Fyre Fraud 00:08
But he was just indicating that
And that's really when it turned from something - Fyre Fraud 00:11
And that's really when it turned from something
And so at this point, - Fyre Fraud 00:07
And so at this point,
So I called Comcast Ventures, and I said, "Look, - Fyre Fraud 00:06
So I called Comcast Ventures, and I said, "Look,
"Promise me that you won't write a check to this company - Fyre Fraud 00:12
"Promise me that you won't write a check to this c...
And the more money people were spending on this thing, - Fyre Fraud 00:20
And the more money people were spending on this thing,
The guy would start talking to other people - Fyre Fraud 00:06
The guy would start talking to other people
And I think everyone in the room kind of had, like, - Fyre Fraud 00:15
And I think everyone in the room kind of had, like,
People are like, "Eh, someone will figure it out." - Fyre Fraud 00:07
People are like, "Eh, someone will figure it out."
If people are drunk, - Fyre Fraud 00:04
If people are drunk,
They didn't even think, like, "Maybe we need a fence." - Fyre Fraud 00:13
They didn't even think, like, "Maybe we need a fen...
"this could actually be, like, a failure, I think. - Fyre Fraud 00:05
"this could actually be, like, a failure, I think.
Could it?" And everyone would be like, - Fyre Fraud 00:13
Could it?" And everyone would be like,
OREN: So there were a few vendors who dropped out. - Fyre Fraud 00:06
OREN: So there were a few vendors who dropped out.
This is one of those things that you kind of question, - Fyre Fraud 00:10
This is one of those things that you kind of question,
VICKIE: If it were my agency and I didn't think - Fyre Fraud 00:08
VICKIE: If it were my agency and I didn't think
OREN: There's so much momentum, - Fyre Fraud 00:30
OREN: There's so much momentum,
You need to put a stop to this thing," - Fyre Fraud 00:08
You need to put a stop to this thing,"
And they printed it in "The Wall Street Journal." - Fyre Fraud 00:07
And they printed it in "The Wall Street Journal."