Yet another major well established artist starts up a sellaband fund.
Raising $75,000 for a dvd production and distribution, various download, copies and 5% profits. I'm wondering how record companies are viewing these activities by established artists?
That would be like Dennis Crowley starting a new company and deciding to cut out VC’s/Angel funds and raise the entire investment via foursquares end users but keeping 95% of the company profits for himself.
Can this allow to be continued or do you think that a label will try to buy out Sellaband soon and then turn it into an investment vehicle for their development artists?