He believes the underground scene that nurtured talent like Nirvana and his own band has now become part of the establishment, and as a result it's too easy to fall into creative stagnation in a community that once offered the opposite.

And he singles out online community Pitchfork as an example of his argument. "If you're 20 years old and you aspire to be like me or Kurt Cobain or Courtney Love.... you're not going to make it that way. You won't succeed," Corgan tells the Daily Beast. "Let's say you're the next Kurt Cobain. You will be appropriated on your first album by the Pitchfork community. Your record company will rally round that idea because that's your marketing platform.