Peter’s father, the famous film director Robert Rafelson, and his partner came back from London having seen the Beatles film A Hard Day's Night. Inspired, they set about creating a USA TV show with a brand-new boy band format. That show became the winner of Best TV Show at the Emmys, namely The Monkees. When the show eventually ran its course and the band broke up, a young Peter Rafelson showed early signs of his future business acumen:
“I secretly stashed all their instruments in my basement!” he remembers.
"I've grown up in a very liberal family which essentially meant I looked like a hippie child. Between playing instruments and having long hair I was able to appeal to females. I think the social aspect of being in the music world, because it wasn't a business for me, created a way for me to be cool enough to have friends
By the time I finished high school I had already enrolled and taken a number of courses in music colleges and schools, I was literally taking vocational training.
I was, and am, dyslexic and I had to fake my way through every course I had an incredible ear and an incredible memory, but I could not read anything - English, music you name it - So I would memorize music and pretend to be looking at the staves on the stand, pretend to be playing guitar and reading.”