David Geffen: How the Brooklyn Kid Became a Billion-Dollar Magnate

Launching David Geffen Enterprises

With what can be called sheer stupidity or incredible confidence, he suggested to Clive Davis, the president of Columbia Records, that he leave his job and partner with him in a new label. Obviously, Davis declined. In February 1969, 26-year-old Geffen launched David Geffen Enterprises.

David Geffen at an event

Photo by Ron Galella / Ron Galella Collection / Getty Images

One of his first challenges was a major one: the unravelling of Crosby, Stills &Nash. Early that year, Crosby, Stills & Nash started refining their new material on Long Island. While they were there, they visited Geffen in his fancy New York City apartment and formalized their relationship with him. Elliot Roberts left L.A. in order to be present.