Sell a Band is a cool new community site where fans can purchase shares in aspiring bands. The funding helps the bands to professionally record their music. If they make it big, the fans prosper. For the bands, it is a pretty cool way to raise money.
The site explains, "In total there are 5,000 so called Parts of $10 each. So, what you have to do is find 5,000 Believers who will buy 1 Part. Or find 2,500 who will buy 2 Parts. Or find 1 Believer who buys 5,000 Parts. Anyway, we think you get the picture."
Bands Funded by Fans
Bands Funded By Fans
Trend Themes
1. Fan-funded Music - Disruptive innovation opportunity for artists to directly connect with fans and raise funds for their music projects.
2. Investor-fan Relationships - Disruptive innovation opportunity to develop new models for engaging fans as investors and fostering long-term relationships.
3. Crowdfunding Platforms - Disruptive innovation opportunity to create new crowdfunding platforms catering specifically to the music industry.
Industry Implications
1. Music - Disruptive innovation opportunity for musicians to explore alternative funding models and engage directly with fans.
2. Technology - Disruptive innovation opportunity to develop innovative platforms and tools for fan-funded music initiatives.
3. Finance - Disruptive innovation opportunity to explore new investment models that bridge the gap between music and finance through fan-funded initiatives.