Imagine being able to profit share with your favorite bands when they release new music. So you get new music from a beloved artist and, if it does well, a little something back. It’s a win/win, right?
That’s the premise of a new startup called Loudfund. Based in Atlanta, Loudfund allows fans of under-the-radar kind of bands to have a direct financial stake in their favorite artists’ careers.
What’s the ROI on investing in music?
For as little as $100, you can get in the ground floor of a promising band’s career. “The terms of the campaign are decided by the artists themselves…[and] several of the artists on the startup’s “beta roster” have chosen to split profits 50/50,” according to The Atlanta Business Chronicle.
Loudfund essentially lets a band fund and distribute their music, thereby eliminating the need for a traditional record company.
My take? It’s likely you’ll lose all the money. But if band turns out to be a big hit, you’ll be happy they sold out because you get the money!
Make no mistake about it, this is high risk investing. Do it because you love music, not because you want to make a profit.