In 1988, Detroit techno innovator Derrick May was just beginning to make his mark. This story from June 6 of that year, for a feature called “Young Entrepreneurs under 25”, talks about how May had just signed a contract for $200,000. His then-new music label, Transmat Records, brought in $30,000 the year before and just $5,000 in 1986.
May and Transmat would go on to become storied names in electronic music. May still maintains a successful career as a DJ, regularly traveling to gigs in clubs around the world.