Conversation so far:
What kind of projects did Pete Wentz work on?
Apart from his musical career, Pete Wentz has been involved in various entrepreneurial ventures.
What was the first of Pete Wentz's entrepreneurial ventures?
Pete Wentz's company, Clandestine Industries, distributes books, clothing, and other merchandise.
Where is Pete Wentz's company, Clandestine Industries, based?
Clandestine Industries is based in Chicago, Illinois.
Did Pete Wentz have any other companies besides Clandestine Industries?
In April 2007, Pete Wentz came out with his own signature Squier Precision Bass.

Question: Was that a spinoff of Fender?
Self-contained rewrite: Was Pete Wentz's own signature Squier Precision Bass a spinoff of Fender?