Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

How do you structure a fund raising deal for a music album and tour?

I am working with an artist who is a member of a well know solo artists backup band. He wants to raise money to produce an album and start his own tour. I am not familiar with the structure for fundraising for this type of venture. Do they offer equity in the new band? Profit share?

Any guidance is appreciated.

Thanks

19 Replies

Ronnie Phillips
1
0
Ronnie Phillips Entrepreneur
Economist
If you want to use crowd funding, you should consult Amanda Palmer's book. She raised over $1 million for an album. The Art of Asking: How I Learned to Stop Worrying and Let People Help by Amanda Palmer Ronnie J. Phillips, Ph.D. [removed to protect privacy]
5 Star Film Co.Ltd. *
0
0
5 Star Film Co.Ltd. * Entrepreneur
Agents for an Award Winning Television Channel Franchise
Unless You are a Well Known Come back Act,its not feasible to launch an Album or tour without a solid Record label or Record Contract backing. To do so would be akin to asking for Investment without a business plan. Like every Industry the Music Biz is structured and You have to learn how it works rather than dabble.
Meira Findel
0
0
Meira Findel Advisor
CFO at Four Success Group, Inc.
Good morning Michael, Through crowd funding there is no equity or profit share. There is an
Ed Neuhaus Jr.
0
0
Ed Neuhaus Jr. Entrepreneur
Broker/Founder Neuhaus Realty Group
I would follow the kickstarter tiered model. For $x you get the album limit z, for $x+$y you get a signed album limit half of z. For 3 times $x you get a signed limited edition gold album ect. Make the smallest acceptable investment twice the cost to produce a copy so they "sell out quickly" and then raise each tier to get more profit.
Meira Findel
0
0
Meira Findel Advisor
CFO at Four Success Group, Inc.
We Share Crowd Funding allows you to keep 100% of the money you raise unlike Kickstarter who takes a % of your money. Take a look at www.WeShareCrowdFunding.com *Meira Findel* The Holistic Accountant *[removed to protect privacy]* *Total Financial Makeover * *I am on a mission to help 1000 people make their dreams come true.* *I have a resource for funding that is amazing. Who do you know that needs capital for a business or a project?* *www.WeShareCrowdFunding.com/FourSuccessGroup * [image: Image result for snoopy happy dance image]
Irwin Stein
0
0
Irwin Stein Advisor
Very experienced (40 years) corporate,securities and real estate attorney.
In the music business the album and tour can be separated. The album may have value and generate revenue for many years after the tour is over. You may be able to accomplish what you need with a royalty sharing arrangement for the album. The tour is a business like any other and can be financed as a business using either debt or equity. Like any other financing, the best answer will be based upon the particular facts. If you are thinking about crowdfunding, you should know that only about 30% of the campaigns are successful. It has been a while but I may be able to help you. Feel free to contact me.
Donna Boesky Mastropasqua
0
0
Donna Boesky Mastropasqua Entrepreneur • Advisor
Executive Director at First Artist Foundation
you should check out pledge music, with a big social following you can presale the album to raise money to produce it
David Kostiner
0
0
David Kostiner Advisor
Managing Partner at Counsel LLP
Hi Michael,

You should also check out Chime, a client we work with, which helps artists structure and market their businesses as investments to accredited and unaccredited investors. Happy to make an introduction.
Donna Boesky Mastropasqua
0
0
Donna Boesky Mastropasqua Entrepreneur • Advisor
Executive Director at First Artist Foundation
i would love to know more about Chime I just met them for the first time last week
David Kostiner
0
0
David Kostiner Advisor
Managing Partner at Counsel LLP
Hi Donna, I believe you know Mike then. He mentioned a good meeting with the folks at First Artist Bank. Best Dave Sent from my iPad
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?