That's a nice over-dramatisation of what happened. Guns n' Roses were still the biggest shit out there in 1992. Def Leppard were having top 10 hits, selling records. Metallica (not hair metal, I know, but all the same for the Grunge bands) were the biggest they had ever been. Aerosmith were at their commercial peak all throughout the mid 90s. So, while your story is quite nice, it's just extremely biased and has nothing to do with topic.
The guy is right despite your story. And there's nothing wrong with selling out 2000 people arenas either, if you make honest music that you believe in. However, hearing those It's My Life clones on every single record, now that SUCKS, and that sucks even if that allows you to sell out deserts, twice (I just threw up a little for quoting Jon Bon Bon)
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