The Paul Newman of Punk Rock

After Hopeless Records started bringing in cash, founder Louis Posen began spinning profits into charity and joined a new trend in "social entrepreneurship"

Louis Posen's dream of becoming a movie director was coming to an end. The 19-year-old was studying film at California State University at Northridge in 1991 when he was diagnosed with retinitis pigmentosa, a degenerative eye disease that leads to blindness. Looking for another creative endeavor, he bought a book called How to Run an Independent Record Label and launched Hopeless Records from his garage.

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