SellaBand.com is an unique social network. Unlike Myspace, which focus on finding and buying the albums of indie and popular artists, SellaBand uses a different model that goes a step further. It focuses on truly investing in the bands making of the album with 50,000 being the cap. Each fan invests any amount they want. In return, they receive a copy of the album and share in it’s revenues. According to Sellaband.com, “29 Artists from 12 different countries have raised the full $50,000 and over $2,200,000 has been invested in unsigned artists”.
In Today’s climate, every company needs a backing, a spokesperson if you will, to help spread their message to the masses. Sellaband has chosen Public Enemy’s Chuck D as their Ambassador. Chuck D believes:
“SellaBand’s business model takes music to a whole new level by linking fans directly to musicians and leveraging those relationships for the creation of new music,” said Chuck D. “It’s an ‘everyone wins’ solution and is the new, new frontier and will completely redefine the way the music business operates.” In his role as Ambassador, Chuck D serves as an advisor to SellaBand in their continued development of their revolutionary business model and will help position the SellaBand brand in the North American marketplace. –“Sellaband.com”
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