Comments on: SellaBand wins $5 million in Series A http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/ Startup and Technology News Thu, 24 Jul 2008 11:42:40 +0000 http://wordpress.org/?v=2.5.1 By: Songwriting Tips » Songwriting news (4/9/2008): New songwriter sites, and great new tools for exposure http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2392212 Songwriting Tips » Songwriting news (4/9/2008): New songwriter sites, and great new tools for exposure Mon, 30 Jun 2008 14:33:09 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2392212 [...] SellaBand.com Getting Ready To Expand Music fans on SellaBand invest 10 dollars in an artist they want to back. If the artist gets to 5,000 ‘believers’ they get 50,000 dollars and then SellaBand steps in to get the band to record an album in a real studio. Each fan gets a limited edition CD. If the artist doesn’t reach $50,000, the fans can get their money back or give it to another artist. So far they’ve released albums from eighteen bands from eleven different countries. Last December SellaBand partnered with Amazon to offer a dedicated music store on Amazon. (Read more) [...] [...] SellaBand.com Getting Ready To Expand Music fans on SellaBand invest 10 dollars in an artist they want to back. If the artist gets to 5,000 ‘believers’ they get 50,000 dollars and then SellaBand steps in to get the band to record an album in a real studio. Each fan gets a limited edition CD. If the artist doesn’t reach $50,000, the fans can get their money back or give it to another artist. So far they’ve released albums from eighteen bands from eleven different countries. Last December SellaBand partnered with Amazon to offer a dedicated music store on Amazon. (Read more) [...]

]]> By: Gary Storm http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2158250 Gary Storm Thu, 10 Apr 2008 00:53:48 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2158250 Don't know if the main investors were German, but they definitely registered in Germany for some legal reasons (cheaper maybe? more robust laws?). Don’t know if the main investors were German, but they definitely registered in Germany for some legal reasons (cheaper maybe? more robust laws?).

]]> By: eelco http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2157846 eelco Wed, 09 Apr 2008 21:10:30 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2157846 Dutch site tweakers.net reports that Sellaband now wants to "cross the ocean" to the States. I wonder if that will also mean moving to the valley. ps: As i understand it, Sellaband is founded by Dutch people, but registered in Germany because its main investor was German. Dutch site tweakers.net reports that Sellaband now wants to “cross the ocean” to the States. I wonder if that will also mean moving to the valley.

ps: As i understand it, Sellaband is founded by Dutch people, but registered in Germany because its main investor was German.

]]> By: M@Blog - by Matthew Romaine » *sigh*, the music industry http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2157341 M@Blog - by Matthew Romaine » *sigh*, the music industry Wed, 09 Apr 2008 18:11:25 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2157341 [...] A twit (I forget which one I have so many; distractions!) pointed me towards the announcement of Sell-A-Band receiving a new round of funding. [...] [...] A twit (I forget which one I have so many; distractions!) pointed me towards the announcement of Sell-A-Band receiving a new round of funding. [...]

]]> By: JMill http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2156530 JMill Wed, 09 Apr 2008 14:57:01 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2156530 I'm actually doing research for a project at MIT on the digital music industry. We're giving away $5 in free Amie Street credit for everyone who completes the survey. Please click the link below. http://www.surveymonkey.com/s.aspx?sm=yMZ68cS96RyMXVqmSFGHNg_3d_3d I’m actually doing research for a project at MIT on the digital music industry. We’re giving away $5 in free Amie Street credit for everyone who completes the survey. Please click the link below.

http://www.surveymonkey.com/s......GHNg_3d_3d

]]> By: The Magnate http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2154325 The Magnate Wed, 09 Apr 2008 05:43:26 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2154325 MagNet is coming.... MagNet is coming….

]]> By: Gary Storm http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2154078 Gary Storm Wed, 09 Apr 2008 04:54:43 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2154078 The key is that the music/artists have been funded by the fans, who each receive a limited edition cd for every 'part' they invested in (and that included postage), as well as shares of the ad revenue and regular cd sales in the shops. Free mp3's for everyone to taste: http://www.sellaband.com/shop/ Including from my wife, Mandyleigh Storm (Fire & Snow), who recorded with Mick Glossop (producer of Van Morrison, Frank Zappa etc) and musicians from Van Morrison, Frank Zappa and Steeleye Span. Ultimately success rests on the marketing/promotion of those recorded artists. You could have the greatest album in the world, but if no-one hears about it...... Music chosen by fans is much better than music chosen by the accountants at trad record labels. btw any money invested can be refunded at any time before the artist reaches the target. Only when they reach the target is the money locked in. The key is that the music/artists have been funded by the fans, who each receive a limited edition cd for every ‘part’ they invested in (and that included postage), as well as shares of the ad revenue and regular cd sales in the shops.

Free mp3’s for everyone to taste: http://www.sellaband.com/shop/

Including from my wife, Mandyleigh Storm (Fire & Snow), who recorded with Mick Glossop (producer of Van Morrison, Frank Zappa etc) and musicians from Van Morrison, Frank Zappa and Steeleye Span.

Ultimately success rests on the marketing/promotion of those recorded artists. You could have the greatest album in the world, but if no-one hears about it……

Music chosen by fans is much better than music chosen by the accountants at trad record labels.

btw any money invested can be refunded at any time before the artist reaches the target. Only when they reach the target is the money locked in.

]]> By: josh http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2152696 josh Tue, 08 Apr 2008 23:47:43 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2152696 Agree w/previous. 18 albums in 1.5 years, strange convoluted trickledown biz model that divides a small (currently 18 piece) pie into even smaller pieces. On top of this enough current (amie st) and unsuccessful (weedshare) models trying to get a piece of the market for music that no one's heard of. On top of this, enough vc money invested to make anyone feel bloated. Most new unnoticed music gains traction, contracts and sales these days from these kinds of avenues: 1.Myspace etc. 2.YouTube 3.The Blogosphere 4.music recc engines 4. Discovery in an iTunes ad. The commonality is that none rely primarily on music sales for revenue. Small startups offering a widely available commodity, regardless of the sales gimmick, don't have alot of chance... Agree w/previous. 18 albums in 1.5 years, strange convoluted trickledown biz model that divides a small (currently 18 piece) pie into even smaller pieces. On top of this enough current (amie st) and unsuccessful (weedshare) models trying to get a piece of the market for music that no one’s heard of.

On top of this, enough vc money invested to make anyone feel bloated.

Most new unnoticed music gains traction, contracts and sales these days from these kinds of avenues:

1.Myspace etc.
2.YouTube
3.The Blogosphere
4.music recc engines
4. Discovery in an iTunes ad.

The commonality is that none rely primarily on music sales for revenue.

Small startups offering a widely available commodity, regardless of the sales gimmick, don’t have alot of chance…

]]> By: no one in particular http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2152590 no one in particular Tue, 08 Apr 2008 23:22:52 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2152590 it would work if there was some sort of pre-screening like in american idol. otherwise you have no chance being heard. it would work if there was some sort of pre-screening like in american idol. otherwise you have no chance being heard.

]]> By: no one in particular http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2152585 no one in particular Tue, 08 Apr 2008 23:21:11 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2152585 sorry guys, but this model will fail, destination : deadpool. the problem with it is that when you're a newcomer, chances that your music will be heard is close to zero. their UI is not helping displaying new entries, but instead the popular bands (the one people already invested in, sometimes over 6 months course). last time i logged in there was 11,000 bands. only a few are listened to, and from that, they signed only 18 bands. Less than 1 million dollars in a year. sorry guys, but the model will fail. sorry guys, but this model will fail, destination : deadpool.

the problem with it is that when you’re a newcomer, chances that your music will be heard is close to zero. their UI is not helping displaying new entries, but instead the popular bands (the one people already invested in, sometimes over 6 months course). last time i logged in there was 11,000 bands. only a few are listened to, and from that, they signed only 18 bands. Less than 1 million dollars in a year. sorry guys, but the model will fail.

]]> By: Duncan Riley http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2152036 Duncan Riley Tue, 08 Apr 2008 21:22:56 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2152036 Interesting, I never knew startups won venture capital. Was it a competition? Interesting, I never knew startups won venture capital. Was it a competition?

]]> By: Grammar Snob http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151928 Grammar Snob Tue, 08 Apr 2008 21:03:31 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151928 @10: I am a grammar snob but that is not the full extent of my services. You incorrectly inferred that my name was making a statement about the error in the post, which it was not. @10: I am a grammar snob but that is not the full extent of my services. You incorrectly inferred that my name was making a statement about the error in the post, which it was not.

]]> By: Gary http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151889 Gary Tue, 08 Apr 2008 20:56:30 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151889 I heard about IndieGoGo as well. Recently got one of their emails about the $10,000 fundraising success story for a movie called the Lilliput. It seems like crowdsourcing funds is starting to get pretty hot with companies like Prosper, Kiva, IndieGoGo, and Sellaband. Congrats to all changing their industries one dollar at a time. I heard about IndieGoGo as well. Recently got one of their emails about the $10,000 fundraising success story for a movie called the Lilliput. It seems like crowdsourcing funds is starting to get pretty hot with companies like Prosper, Kiva, IndieGoGo, and Sellaband.

Congrats to all changing their industries one dollar at a time.

]]> By: Jason http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151654 Jason Tue, 08 Apr 2008 20:04:09 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151654 How does SellaBand address distribution and marketing? Bands sign with labels to make connections and move the press machine in their favour. Even $50,000 is nothing unless the right taste makers listen to and like the music. Unless SellaBand can figure out who those tastemakers are and get *them* to invest, I don't see how this will take off. How does SellaBand address distribution and marketing? Bands sign with labels to make connections and move the press machine in their favour. Even $50,000 is nothing unless the right taste makers listen to and like the music. Unless SellaBand can figure out who those tastemakers are and get *them* to invest, I don’t see how this will take off.

]]> By: Tim http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151579 Tim Tue, 08 Apr 2008 19:49:31 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151579 German though, and not Dutch! :) German though, and not Dutch! :)

]]> By: Miles http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151522 Miles Tue, 08 Apr 2008 19:38:52 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151522 what if people could buy shares in the bands at X$ per share. then as the bands got more popular the price/share increased? that'd be sweet. http://collegemogul.com what if people could buy shares in the bands at X$ per share. then as the bands got more popular the price/share increased? that’d be sweet.

http://collegemogul.com

]]> By: Brian http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151364 Brian Tue, 08 Apr 2008 19:14:43 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151364 Sellaband is an awesome idea and it will change the music industry. I've been on this site for awhile now. I'm glad it's getting the publicity on TechCrunch. Everyone should check it out! There's a new site out there called IndieGoGo that does crowdfunding for movies too. It's pretty much the same concept as Sellaband- filmmakers can post their projects online, ask fans to contribute money, and fans will get perks (like free DVDs or VIP passes) in return. IndieGoGo is to the movie industry what Sellaband is to the music industry- it will change Hollywood. Check it out-- www.indiegogo.com. Sellaband is an awesome idea and it will change the music industry. I’ve been on this site for awhile now. I’m glad it’s getting the publicity on TechCrunch. Everyone should check it out! There’s a new site out there called IndieGoGo that does crowdfunding for movies too.

It’s pretty much the same concept as Sellaband- filmmakers can post their projects online, ask fans to contribute money, and fans will get perks (like free DVDs or VIP passes) in return. IndieGoGo is to the movie industry what Sellaband is to the music industry- it will change Hollywood. Check it out– http://www.indiegogo.com.

]]> By: Adam Wexler http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151306 Adam Wexler Tue, 08 Apr 2008 19:06:17 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151306 Sellaband is one of the better ideas in the digital music realm. It's an innovative way for artists to remain artists and produce wonderful music in the process. Congrats on the funding! Sellaband is one of the better ideas in the digital music realm. It’s an innovative way for artists to remain artists and produce wonderful music in the process. Congrats on the funding!

]]> By: Search Engine Optimization Journal.com http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151181 Search Engine Optimization Journal.com Tue, 08 Apr 2008 18:45:06 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151181 This is a great idea! What a good opportunity for bands to really get in the driver's seat. This is a great idea! What a good opportunity for bands to really get in the driver’s seat.

]]> By: Mr. Idle http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151045 Mr. Idle Tue, 08 Apr 2008 18:24:27 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151045 reading the comments above, i must say that i am wondering about how many people still do not know p2p financing sites like sellaband. anyway: congratulations and good luck sellaband! reading the comments above, i must say that i am wondering about how many people still do not know p2p financing sites like sellaband.

anyway: congratulations and good luck sellaband!

]]> By: Wayne Lambright http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151015 Wayne Lambright Tue, 08 Apr 2008 18:19:35 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151015 it say's You are the record company should it read. You're the record company ? which is proper? it say’s

You are the record company

should it read.

You’re the record company

?

which is proper?

]]> By: free press release http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151011 free press release Tue, 08 Apr 2008 18:19:01 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2151011 so the fans who pitched in can get the limited edition CD for free. does it incur any additional charges like shipping? so the fans who pitched in can get the limited edition CD for free. does it incur any additional charges like shipping?

]]> By: Michael B http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2150937 Michael B Tue, 08 Apr 2008 18:08:13 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2150937 Wow, that's a great idea. -Please check out my website for ways to make moeny online http://mikesmoneyclub.blogspot.com Wow, that’s a great idea.

-Please check out my website for ways to make moeny online
http://mikesmoneyclub.blogspot.com

]]> By: Grammar Snob II http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2150632 Grammar Snob II Tue, 08 Apr 2008 18:00:20 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2150632 @8: Hilarious. But it's bad writing, not bad grammar. It doesn't even make sense. @8: Hilarious. But it’s bad writing, not bad grammar. It doesn’t even make sense.

]]> By: CouchTycoon http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2150547 CouchTycoon Tue, 08 Apr 2008 17:58:38 +0000 http://www.techcrunch.com/2008/04/08/sellaband-wins-5-million-in-further-funding/#comment-2150547 congrats, sellaband!!! hope that will be helpful for our industry. congrats, sellaband!!!

hope that will be helpful for our industry.

]]>