
Music biz blog Digipendent has a really interesting post, riffing off a discussion at the New Music Seminar conference about whether artists should see themselves like startups. “Instead of the old label model where a large advance is given at the start of the relationship in exchange for the majority of any future profits, funding could come in waves as it does in Silicon Valley. Early stage or seed funding to launch is followed by a successive series of rounds for expansion based on performance and a company’s (or artist’s) current valuation. Along the way, the founders/artists work to hold on to as large a percentage of ownership as they can.”
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