Sellaband is a music website That Allows artists to raise the money from Their fans and the SellaBand community in order to record a professional album . Sellaband uses the Mechanisms of crowdfunding and is to be seen as a direct-to-fan / fan-funded music platform Utilizing a Threshold Pledge System / Provision Point Mechanism . It was set up by Johan Vosmeijer (eg Sony / BMG ), Pim Betist (eg Shell ) and Dagmar Heijmans (eg Sony / BMG) in August 2006. Its offices used to be Located in Amsterdam , Netherlands ,

On April 8, 2008, Sellaband raised US $ 3.5 million [1] ( US $ 5 million) [2] in their Series A round led by Prime Technology Ventures. [3]

In early 2009, Pim Betist left Unabridged to set up Africa Unsigned, [4] using Sellaband technology as a base and supported by the Dutch government.

In January 2010, Sellaband filed for Bankruptcy. [5] It relaunched days later, after an investor stepped forward. The office was relocated to Munich , Germany. [6] On August 28, 2015, the Sellaband GmbH filed for Bancrupty, too. This was rejected because of lack of mass by the District Court Charlottenburg on January 12, 2016.

For three years, Sellaband supported the sharing of revenue, a form of equity crowdfunding. Research from the Journal of Economics and Management . The data shows that, while investments can be made from funders around the world, distance to the flow of funding and information. [7]

See also

  • Comparison of crowd funding services
  • crowdsourcing
  • Music 2.0
  • netlabel
  • Social Commerce
  • Web 2.0

References

  1. Jump up^ Pfauth, Ernst-Jan (2008-04-08). “Sellaband closed € 3.5 million for international expansion” . The Next web . Retrieved 2008-04-16 .
  2. Jump up^ Butcher, Mike (2008-04-08). “SellaBand wins $ 5 million in Series A” . TechCrunch . Retrieved 2008-04-16 .
  3. Jump up^ Sellaband
  4. Jump up^ “Africa Unsigned – Brands, Bands & Fans” . Africaunsigned.com .
  5. Jump up^ Van Buskirk, Eliot (2010-02-24). “Bankrupt, Crowd-Funded SellaBand Acquired by German Investors” . Wired .
  6. Jump up^ News – A little message. Sellaband. Retrieved on 2013-09-21.
  7. Jump up^ Agrawal, Ajay, Christian Catalini, and Avi Goldfarb. “Crowdfunding: Geography, Social Networks, and the Timing of Investment Decisions.” Journal of Economics & ManagementSummer 2015 24.2 (2015): 253-74.

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