Buy a piece of your favourite band

Sellaband is a great site that allows you to help your favourite unsigned band by buying a piece of it.

An artist uploads a picture, a biography and a maximum of 3 demo-songs that represent them as an Artist. Then they need to tell your fans where they can see you play live, where they can find your own website or MySpace account and so on.

There are 5,000 parts of each band for sale at $10 each. Once they hit the magic $50,000 (which they do!) they are provided with an A&R person and a Producer, and get studio time to record their best songs. The bands investors (or Believers as they’re called on the site) receive a special edition CD, the band receive regular CDs (to sell at gigs etc), downloads are made available online and everyone (the band, Believers and record company) share in any profits made.

Anyone want to invest with me?

Read more/Source: Springwise