Michael Syphoe, who oversees commercial development for the development group, argued that the artists underestimate the marketing required to make their businesses work.
In Franks' words, managers were paid "eye-watering salaries on the basis that this was what the market required to retain their talents.
Few startups are funded well enough to afford the marketing required to achieve scale.
In fact, wages are often kept above what the market requires, to raise morale and to motivate workers.
To make things more confusing, Mr. Morrissey said that some restaurants in markets are required to have letter grades.
Shapps said: "A radical rehabilitation of electricity markets is required to bring both consumer prices and capacity concerns under control in the short term".
With marketing automation, they can handle all of the marketing work required to grow an already large business with much fewer employees.
As today's markets are more susceptible to rapid changes and involve global players, a short time to market is required to keep a competitive edge.
Staff and office costs must also be taken into account, as well as the marketing investment required to drive traffic to the site.
But those businesses, too, have proven generally unprofitable, given the proliferation of such Web sites and the mammoth marketing budgets required to attract users.
