Comments on: Sellaband to crowdsource free music http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/ Startup and Technology News Fri, 27 Nov 2009 02:56:04 -0800 hourly 1 By: Video: Ajay Agrawal on Making Music : Core Economics http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-2/#comment-2778137 Video: Ajay Agrawal on Making Music : Core Economics Tue, 02 Jun 2009 02:02:09 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-2778137 [...] is based on whether the band can inspire enough supporters to put up a total of $50,000 (details here and here). It is essentially a contest, and like in other contests, there are few winners, and the [...] [...] is based on whether the band can inspire enough supporters to put up a total of $50,000 (details here and here). It is essentially a contest, and like in other contests, there are few winners, and the [...]

]]> By: Amazon endorses Sellaband | Monkeyclaus http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-2/#comment-2507922 Amazon endorses Sellaband | Monkeyclaus Mon, 20 Oct 2008 21:07:33 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-2507922 [...] a quick recap of Sellaband for those of you who might have missed it when they first made headlines a year and a half [...] [...] a quick recap of Sellaband for those of you who might have missed it when they first made headlines a year and a half [...]

]]> By: popinstitut » Sellaband - Bands suchen Mini-Investoren für Ihre Alben http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-2/#comment-2424019 popinstitut » Sellaband - Bands suchen Mini-Investoren für Ihre Alben Wed, 30 Jul 2008 06:35:32 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-2424019 [...] via exciting_ecommerce und techcrunch.com [...] [...] via exciting_ecommerce und techcrunch.com [...]

]]> By: Moving From Me To We.com » Blog Archive » Co-Creating What We Wear… and More? http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-2038509 Moving From Me To We.com » Blog Archive » Co-Creating What We Wear… and More? Fri, 14 Mar 2008 22:50:07 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-2038509 [...] Aaron Strout tells us when he thinks this method may succeed – for us as consumers and/or as start-up entrepreneurs. And he’ll cover the pitfalls. Strout is “citizen marketer” at Mzinga. [...] [...] Aaron Strout tells us when he thinks this method may succeed – for us as consumers and/or as start-up entrepreneurs. And he’ll cover the pitfalls. Strout is “citizen marketer” at Mzinga. [...]

]]> By: Amazon Helping To Change The Business Of Music — hometown.at http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-1865656 Amazon Helping To Change The Business Of Music — hometown.at Sun, 23 Dec 2007 03:53:38 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-1865656 [...] partnering with a European startup called SellABand and will sell music from SellABand artists. We first covered SellABand in August 2006 - unknown artists upload music to the site and ask fans to chip in $10 if they like [...] [...] partnering with a European startup called SellABand and will sell music from SellABand artists. We first covered SellABand in August 2006 – unknown artists upload music to the site and ask fans to chip in $10 if they like [...]

]]> By: TechCrunch en français » Amazon fortement impliqué dans le renouveau de l'industrie musicale http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-1857971 TechCrunch en français » Amazon fortement impliqué dans le renouveau de l'industrie musicale Thu, 20 Dec 2007 10:38:09 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-1857971 [...] avec une startup Européenne Sellaband et vendra la musique des artistes y figurant. Nous avions déjà parlé de Sellaband en août 2006, un service qui permet a des artistes de présenter leur musique et à des fans de [...] [...] avec une startup Européenne Sellaband et vendra la musique des artistes y figurant. Nous avions déjà parlé de Sellaband en août 2006, un service qui permet a des artistes de présenter leur musique et à des fans de [...]

]]> By: mojbiznes.pl http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-1331141 mojbiznes.pl Sat, 14 Apr 2007 15:12:56 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-1331141 <strong>Zostań akcjonariuszem zespołu muzycznego...</strong> German startup Sellaband.com is hoping to leverage the wisdom, and cash, of the crowd to produce high quality independent music for free download on their site. It’s a fascinating prospect even if it seems unlikely to succeed.... Zostań akcjonariuszem zespołu muzycznego…

German startup Sellaband.com is hoping to leverage the wisdom, and cash, of the crowd to produce high quality independent music for free download on their site. It’s a fascinating prospect even if it seems unlikely to succeed….

]]> By: The News before The News » DRM, EMI, iTunes and Sellaband http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-1314064 The News before The News » DRM, EMI, iTunes and Sellaband Wed, 04 Apr 2007 21:15:49 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-1314064 [...] of new music via podcasts. My mate Pete also put me onto Sellaband, read TechCrunch’s reviews here and here. Like Pete I also bought a part in Second Person and was delighted to see them reach the [...] [...] of new music via podcasts. My mate Pete also put me onto Sellaband, read TechCrunch’s reviews here and here. Like Pete I also bought a part in Second Person and was delighted to see them reach the [...]

]]> By: Magnus http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-1089751 Magnus Thu, 01 Mar 2007 12:50:08 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-1089751 As this post is linked from Wikipedia, I'd just like to make the update that two bands have now reached $50K, and are recording CD's. As this post is linked from Wikipedia, I’d just like to make the update that two bands have now reached $50K, and are recording CD’s.

]]> By: Mandocello http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-531704 Mandocello Thu, 14 Dec 2006 23:11:21 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-531704 While 50k may be an overshot to record an album in todays' marketplace, it wasn't that long ago when it would only cover the cost of tracking in a pro studio. With the 50k that my band Spellbox will earn on sellaband, we will be able to record, distribute, and tour one hellava record. We can't wait to hit that mark! Thank you Sellaband! While 50k may be an overshot to record an album in todays’ marketplace, it wasn’t that long ago when it would only cover the cost of tracking in a pro studio. With the 50k that my band Spellbox will earn on sellaband, we will be able to record, distribute, and tour one hellava record. We can’t wait to hit that mark!
Thank you Sellaband!

]]> By: Remixtures / Na Web 2.0, “crentes” financiam músicos através de fundos de investimento - Parte I http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-325845 Remixtures / Na Web 2.0, “crentes” financiam músicos através de fundos de investimento - Parte I Wed, 01 Nov 2006 20:12:01 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-325845 [...] Coitados. Mesmo que consigam editar o álbum, apenas recuperarão os direitos sob as músicas passados 12 meses. Enquanto isso, a SellABand poderá vender as faixas para publicidade, toques de telemóveis, etc… É preciso ser muito “crente” para acreditar na boa fé de antigos executivos de companhias discográficas! Na segunda parte deste post, irei abordar outros sites comerciais que apostam num modelo de doações para financiar o trabalho de artistas. [...] [...] Coitados. Mesmo que consigam editar o álbum, apenas recuperarão os direitos sob as músicas passados 12 meses. Enquanto isso, a SellABand poderá vender as faixas para publicidade, toques de telemóveis, etc… É preciso ser muito “crente” para acreditar na boa fé de antigos executivos de companhias discográficas! Na segunda parte deste post, irei abordar outros sites comerciais que apostam num modelo de doações para financiar o trabalho de artistas. [...]

]]> By: Music Sans DRM On Amie Street « Ray-Deo http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-242759 Music Sans DRM On Amie Street « Ray-Deo Thu, 05 Oct 2006 10:51:48 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-242759 [...] Amie Street isn’t the only company experimenting with freedom from DRM and changing price structures. See also the crowdsourced music production of Sellaband, the free listening with heavy DRM of SpiralFrog, the 77 cent tracks with DRM and 88 cent versions without from PayPlay.fm and the feature rich (plus newly funded) music browser Songbird. Music distribution is something that obviously needs some serious reworking. DRM faces growing criticism, music prices are too high and the ease of online distribution is making it clear that major labels (instead of the artists) are taking too much of the money we spend on music. [...] [...] Amie Street isn’t the only company experimenting with freedom from DRM and changing price structures. See also the crowdsourced music production of Sellaband, the free listening with heavy DRM of SpiralFrog, the 77 cent tracks with DRM and 88 cent versions without from PayPlay.fm and the feature rich (plus newly funded) music browser Songbird. Music distribution is something that obviously needs some serious reworking. DRM faces growing criticism, music prices are too high and the ease of online distribution is making it clear that major labels (instead of the artists) are taking too much of the money we spend on music. [...]

]]> By: Techcrunch » Blog Archive » Amie Street Takes Innovative Music Model Into Beta http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-241254 Techcrunch » Blog Archive » Amie Street Takes Innovative Music Model Into Beta Wed, 04 Oct 2006 16:20:29 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-241254 [...] Today marks Amie Street’s official public launch as well as a site redesign. The design is still a bit rough, but some new features have been added and there is better Mac support for the interface. The new site allows advanced searching, a pop-up music player allowing users to listen to playlists of sample tracks, and Meebome accounts for real-time-chat in artist stores. Since we covered the company in July, their user base has increased to around 4,000 users. They have had a couple hundred artists participating in the alpha selling around 2,100 songs. The band State Radio from Nettwerk, the label that publishes Sarah McLachlan, is selling music on the site. Most of the music is from independent bands but with prices as low as 2 to 10 cents for many songs and long samples available to listen to - even the very risk averse can do some looking around for music they like on the site. To be honest, I’m still looking - but I love the model. The most successful songs on the service have been by high school groups who manage to leverage their real-world connections to drive sales online. One such group, Spinlight City from Miami, has the most expensive track right now at 70 cents. Tracks top out at $0.98. Amie Street isn’t the only company experimenting with freedom from DRM and changing price structures. See also the crowdsourced music production of Sellaband, the free listening with heavy DRM of SpiralFrog, the 77 cent tracks with DRM and 88 cent versions without from PayPlay.fm and the feature rich (plus newly funded) music browser Songbird. Music distribution is something that obviously needs some serious reworking. DRM faces growing criticism, music prices are too high and the ease of online distribution is making it clear that major labels (instead of the artists) are taking too much of the money we spend on music. I’m glad to see the release of Amie Street into public beta and hope this or some other innovative model like it finds traction with users. Aime Street [...] [...] Today marks Amie Street’s official public launch as well as a site redesign. The design is still a bit rough, but some new features have been added and there is better Mac support for the interface. The new site allows advanced searching, a pop-up music player allowing users to listen to playlists of sample tracks, and Meebome accounts for real-time-chat in artist stores. Since we covered the company in July, their user base has increased to around 4,000 users. They have had a couple hundred artists participating in the alpha selling around 2,100 songs. The band State Radio from Nettwerk, the label that publishes Sarah McLachlan, is selling music on the site. Most of the music is from independent bands but with prices as low as 2 to 10 cents for many songs and long samples available to listen to – even the very risk averse can do some looking around for music they like on the site. To be honest, I’m still looking – but I love the model. The most successful songs on the service have been by high school groups who manage to leverage their real-world connections to drive sales online. One such group, Spinlight City from Miami, has the most expensive track right now at 70 cents. Tracks top out at $0.98. Amie Street isn’t the only company experimenting with freedom from DRM and changing price structures. See also the crowdsourced music production of Sellaband, the free listening with heavy DRM of SpiralFrog, the 77 cent tracks with DRM and 88 cent versions without from PayPlay.fm and the feature rich (plus newly funded) music browser Songbird. Music distribution is something that obviously needs some serious reworking. DRM faces growing criticism, music prices are too high and the ease of online distribution is making it clear that major labels (instead of the artists) are taking too much of the money we spend on music. I’m glad to see the release of Amie Street into public beta and hope this or some other innovative model like it finds traction with users. Aime Street [...]

]]> By: Music website ideas | DropShipArea.com http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-240822 Music website ideas | DropShipArea.com Wed, 04 Oct 2006 11:05:50 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-240822 [...] How To Find MP3’s with Google Sellaband to crowdsource free music [...] [...] How To Find MP3’s with Google Sellaband to crowdsource free music [...]

]]> By: TechCrunch en français » Rentrée-Crunch http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-163423 TechCrunch en français » Rentrée-Crunch Thu, 31 Aug 2006 12:21:53 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-163423 [...] Côté start ups un certain nombre de choses intéressantes ont eu lieu : Zoho continue d’étendre sa suite en ligne avec un nouveau produit concurrent de BaseCamp pour la gestion de projets, Sellaband teste un nouveau modèle pour monétiser la musique indépendante, SpiralFrog quant à lui va essayer d’aider Universal Music à distribuer de la musique avec DRM financée par la publicité, RadiusIM et Wablet testent de nouveaux services de messagerie instantanée web based (déjà dominé par Meebo notamment) et Nimbuzz aurait lancé le skype du téléphone mobile (j’ai essayé, c’est pas mal du tout). [...] [...] Côté start ups un certain nombre de choses intéressantes ont eu lieu : Zoho continue d’étendre sa suite en ligne avec un nouveau produit concurrent de BaseCamp pour la gestion de projets, Sellaband teste un nouveau modèle pour monétiser la musique indépendante, SpiralFrog quant à lui va essayer d’aider Universal Music à distribuer de la musique avec DRM financée par la publicité, RadiusIM et Wablet testent de nouveaux services de messagerie instantanée web based (déjà dominé par Meebo notamment) et Nimbuzz aurait lancé le skype du téléphone mobile (j’ai essayé, c’est pas mal du tout). [...]

]]> By: accelzone - techie weblog » Universal to try ad driven music downloads through SpiralFrog - still with DRM http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-161210 accelzone - techie weblog » Universal to try ad driven music downloads through SpiralFrog - still with DRM Wed, 30 Aug 2006 05:00:47 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-161210 [...] Music lovers have been demanding a different business model for some time, and it looks like at least some industry heavy hitters are going to give it a go via SpiralFrog. We’ve profiled several independent sites experimenting with new business models for music lately (Amie Street, Sellaband and Magnatune) but you had to expect the big guys to try something more traditional. See also eMusic, low cost and DRM free. [...] [...] Music lovers have been demanding a different business model for some time, and it looks like at least some industry heavy hitters are going to give it a go via SpiralFrog. We’ve profiled several independent sites experimenting with new business models for music lately (Amie Street, Sellaband and Magnatune) but you had to expect the big guys to try something more traditional. See also eMusic, low cost and DRM free. [...]

]]> By: Techcrunch » Blog Archive » Universal Music Group to try ad driven music downloads through SprialFrog http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-160318 Techcrunch » Blog Archive » Universal Music Group to try ad driven music downloads through SprialFrog Tue, 29 Aug 2006 16:55:25 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-160318 [...] Music lovers have been demanding a different business model for some time, and it looks like at least some industry heavy hitters are going to give it a go via SpiralFrog. We’ve profiled several independent sites experimenting with new business models for music lately (Amie Street, Sellaband and Magnatune) but you had to expect the big guys to try something more traditional. See also eMusic, low cost and DRM free. [...] [...] Music lovers have been demanding a different business model for some time, and it looks like at least some industry heavy hitters are going to give it a go via SpiralFrog. We’ve profiled several independent sites experimenting with new business models for music lately (Amie Street, Sellaband and Magnatune) but you had to expect the big guys to try something more traditional. See also eMusic, low cost and DRM free. [...]

]]> By: SellaBand « frosti http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-159402 SellaBand « frosti Tue, 29 Aug 2006 05:43:49 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-159402 [...] via TC. [...] [...] via TC. [...]

]]> By: wil http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-158312 wil Mon, 28 Aug 2006 15:16:42 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-158312 I guess these guys beat us to the punch! (but we are in US) I have been working on my site for about 2 years or so but not yet ready but almost finished. The idea is kind of similar yet very different. I believe and know we have better business model. We will have the site ready by end of this year. I love to get it out today but we do have 8-5 job without angel or VC. We didn't look for them anyway. We want our site to be supported by users. I believe in that model. I will reveal the site name soon : ) I guess these guys beat us to the punch! (but we are in US)
I have been working on my site for about 2 years or so but not yet ready but almost finished. The idea is kind of similar yet very different. I believe and know we have better business model.

We will have the site ready by end of this year. I love to get it out today but we do have 8-5 job without angel or VC. We didn’t look for them anyway. We want our site to be supported by users.

I believe in that model. I will reveal the site name soon : )

]]> By: Is that my dog? » Blog Archive » Sellaband to crowdsource free music http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-158287 Is that my dog? » Blog Archive » Sellaband to crowdsource free music Mon, 28 Aug 2006 15:01:50 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-158287 [...] (Via TechCrunch.) [...] [...] (Via TechCrunch.) [...]

]]> By: popinstitut Sub1 » Blog Archive » Sellaband - Bands suchen Mini-Investoren für Ihre Alben http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-157692 popinstitut Sub1 » Blog Archive » Sellaband - Bands suchen Mini-Investoren für Ihre Alben Mon, 28 Aug 2006 07:14:06 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-157692 [...] via Exciting Commerce und techcrunch.com [...] [...] via Exciting Commerce und techcrunch.com [...]

]]> By: fundavlog blog http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-157508 fundavlog blog Mon, 28 Aug 2006 03:15:15 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-157508 <strong>More on...</strong> UPDATE 08.24.06 : Techcrunch posted an article about sellaband.A Google query returned some new results today for "Crowdfunding".The August 12th post here entitled "Crowdfunding" came during a query for the term to see if similar t... More on…

UPDATE 08.24.06 : Techcrunch posted an article about sellaband.A Google query returned some new results today for "Crowdfunding".The August 12th post here entitled "Crowdfunding" came during a query for the term to see if similar t…

]]> By: Andreas Matern’s Weblog » Techcrunch » Blog Archive » Sellaband to crowdsource free music http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-157320 Andreas Matern’s Weblog » Techcrunch » Blog Archive » Sellaband to crowdsource free music Sun, 27 Aug 2006 21:35:56 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-157320 [...] Techcrunch » Blog Archive » Sellaband to crowdsource free music [...] [...] Techcrunch » Blog Archive » Sellaband to crowdsource free music [...]

]]> By: Rohan Jayasekera http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-154991 Rohan Jayasekera Sat, 26 Aug 2006 08:43:31 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-154991 It might be hard to get the required 5000 supporters. Many bands don't have that many fans - but do have a set of avid fans who make up in zeal what they lack in numbers. So I wonder whether a better bet would be to structure things so as to encourage the more zealous fans to buy more shares. (Perhaps the rules already permit it, but if so the site doesn't appear to talk about it.) If, for instance, 1000 of a band's fans were willing to part with $30 each, with the rest at the usual $10, only 3000 supporters would be needed in all. The $30 fans could get extra perks, such as being listed on the band's site as "Serious Supporters". Going even further, Sellaband and the band could do what arts organizations do all the time: offer some sponsorship or similar vanity-at-a-price opportunities that would allow a few better-heeled fans to take some of the financial load. What is appropriate would vary from band to band. I wonder whether the current one-size-fits-all requirement for 5000 supporters who all pay exactly the same amount is unnecessarily limiting. It might be hard to get the required 5000 supporters. Many bands don’t have that many fans – but do have a set of avid fans who make up in zeal what they lack in numbers. So I wonder whether a better bet would be to structure things so as to encourage the more zealous fans to buy more shares. (Perhaps the rules already permit it, but if so the site doesn’t appear to talk about it.) If, for instance, 1000 of a band’s fans were willing to part with $30 each, with the rest at the usual $10, only 3000 supporters would be needed in all. The $30 fans could get extra perks, such as being listed on the band’s site as “Serious Supporters”. Going even further, Sellaband and the band could do what arts organizations do all the time: offer some sponsorship or similar vanity-at-a-price opportunities that would allow a few better-heeled fans to take some of the financial load. What is appropriate would vary from band to band. I wonder whether the current one-size-fits-all requirement for 5000 supporters who all pay exactly the same amount is unnecessarily limiting.

]]> By: ventureblogalist http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/comment-page-1/#comment-154532 ventureblogalist Sat, 26 Aug 2006 01:02:40 +0000 http://www.techcrunch.com/2006/08/24/sellaband-to-crowdsource-free-music/#comment-154532 Anyone from Sellaband want to comment on why users have to pay prior to hitting 5,000 committments. Wouldn't it be easier to get people to committ if they did not have to pay until reaching 5,000 committments? The interest on the $10 committments will not outweigh the increase in the number of funded bands/ad dollars by changing the system to not require prepayment. Anyone from Sellaband want to comment on why users have to pay prior to hitting 5,000 committments. Wouldn’t it be easier to get people to committ if they did not have to pay until reaching 5,000 committments? The interest on the $10 committments will not outweigh the increase in the number of funded bands/ad dollars by changing the system to not require prepayment.

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