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funding a band like a tech startup

On September 24th covering , ,

It was bound to happen. I’ve been noticing the similarities between bands and startups as self-led creative teams. This item describes a band taking funding from an Angel Investor in return for 30% of future revenue.

This is a way of replacing one role of the record label, which was a source of funding during the formative days. It could go either way.

My question is whether the angel investors are competent to predict the success of a band — or whether they are dabbling in this as a high-risk hobby investment, the way some people invest in Broadway plays.

if a class of angel investors emerges with a special ear for a band with promise — this will re-invent the old-style A&R player. Then everything old will be new again.

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