darrenbarefoot.com

Shayan (his only name, apparently) is thinking outside of the box. He’s selling shares of his musical future to fund his demo recordings:

“I kind of understood how the industry worked in terms of the royalties scheme, so I put up an auction as an individual saying that if you invest £3,000 in me, I’ll give you a quarter percent of my life’s earnings in music.

“Who would have thought that in a week’s time, I would have got three people to invest £9,000.”

As with many such innovations, the press surrounding the innovation will be worth way, way more than the £9,000. Here’s the auction itself.

This entry was posted on Tuesday, July 19th, 2005 at 2:06 pm and is filed under Music. Tag Testing Project: No Tags. Photo by . You can skip to the end and leave a response, or trackback from your own site. If you don't see your comment within a day or so, drop me an email. Sometimes my comment spam filter gets overly zealous.