Funding
Funding, Product Update - Tuesday, April 8, 2008 10:15 - 0 Comments
How to waste $5 million
From Mashable: Sellaband gets $5 million
OK, so let me make sure I get this straight. You are a few pimpley faced teenagers that picked up the guitar to try to do better with the ladies. You have a dude that wears eye-liner who ’sings’ songs about the pain of High School love and cold french fries. And you can’t understand why no record company wants to pay you money. Is this who Sellaband is trying to court?
The business model is amazing. Sellaband makes 30% on album sales of it’s amazing array of:
18 recording artists
Really? Really? REALLY?
Sellaband received $5 Million for this. I’m actually quite speechless…which is a feat in itself.
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