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Being a CEO of a Indy Label: what's it really like?

In a recent interview with the compton rapper "Yung Jinx" we notcied he wore a chain that said "Ujima Records" on it, and we asked"what doe's Ujima Records" mean? and he replied "It's my label". We then asked so "you are signed to a major label"? then he replied with a strong "No" he