Sellaband was a

music Music is generally defined as the The arts, art of arranging sound to create some combination of Musical form, form, harmony, melody, rhythm or otherwise Musical expression, expressive content. Exact definition of music, definitions of mu ...

website A website (also written as a web site) is a collection of web pages and related content that is identified by a common domain name and published on at least one web server. Examples of notable websites are Google, Facebook, Amazon, and Wikip ...

that allowed artists to raise the money from their fans and the SellaBand community in order to record a professional

album An album is a collection of audio recordings issued on compact disc (CD), Phonograph record, vinyl, audio tape, or another medium such as Digital distribution#Music, digital distribution. Albums of recorded sound were developed in the early ...

. Sellaband used the mechanisms of

crowdfunding Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and Alternative Finance, alternative finance. In 2015, over was rais ...

and was to be seen as a Direct-to-Fan/ fan-funded music platform utilising a

Threshold Pledge System The threshold pledge or fund and release system is a way of making a fundraising pledge as a group of individuals, often involving charitable goals or financing the provision of a public good. An amount of money is set as the goal or ''threshold ...

Provision Point Mechanism An assurance contract, also known as a provision point mechanism, or crowdaction, is a game-theoretic mechanism and a financial technology that facilitates the voluntary creation of public goods and club goods in the face of collective action ...

. It was set up by Johan Vosmeijer (ex Sony/BMG), Pim Betist (ex Shell), and Dagmar Heijmans (ex Sony/BMG) in August 2006. Its offices used to be located in

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

, but it was originally incorporated in Bocholt,

Germany Germany, officially the Federal Republic of Germany (FRG),, is a country in Central Europe. It is the most populous member state of the European Union. Germany lies between the Baltic and North Sea to the north and the Alps to the sou ...

. On April 8, 2008, Sellaband raised EU€3.5 million ( US$5 million) in their

Series A round A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exc ...

led by Prime Technology Ventures. In early 2009, Pim Betist left Sellaband to set up Africa Unsigned, using Sellaband technology as a base and supported by the Dutch government. In January 2010, Sellaband filed for Bankruptcy. It relaunched days later, after an investor stepped forward. The office was relocated to

Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Ha ...

, Germany. On August 28, 2015, the Sellaband GmbH filed for Bancrupty, too. This was rejected because of lack of mass by the District Court Charlottenburg on January 12, 2016. For three years, Sellaband supported the sharing of revenue, a form of equity crowdfunding. Research from the ''Journal of Economics & Management Strategy'' examined investment data on the Sellaband platform during this time period. The data shows that, while investments can come from funders around the world, distance continues to affect the flow of funding and information.

Events

Sellaband conducted three official concerts in

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located enti ...

. * "New Years Party" (January 2007), the Paradiso, Amsterdam, NL * "London Calling" (June 2007), Gibson Studios,

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

, UK * "Sellabration - Birthday Party" (August 15, 2007 & 2008), the Paradiso, Amsterdam, NL

Artists who reached their goal

86 artists reached their fundraising goal. In December 2009 Cubworld was the first artist, closing his second budget. Less than two weeks after bankruptcy, Aryn Michelle(Press Release)
Aryn Michelle_LAST ONE... - album is being pressed and packaged!!
Sellaband. Retrieved on 2013-09-21. was the first artist, closing her budget under the new SellaBand-management. In October 2010

Epyllion A sleeping Theseus.html" ;"title="Ariadne's abandonment by Theseus">Ariadne's abandonment by Theseus is the topic of an elaborate ecphrasis in Catullus 64, the most famous extant epyllion. (Roman copy of a 2nd-century BCE Greek original; :it:Vill ...

closed the first budget on Sellaband that was not used for recording new but for promoting of already released music. Upon closure of the site, there were over 700 artists registered on Sellaband raising funds. The following table shows the most notable artists that reached their funding goal on SellaBand:

References

BBC Radio 2 BBC Radio 2 is a British national radio station owned and operated by the BBC. It is the most popular station in the United Kingdom with over 15 million weekly listeners. Since launching in 1967, the station broadcasts a wide range of content ...

Interview (The Weekender with Matthew Wright - 3 November 2006) * ''

The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper '' The Sunday Times'' ...

'' (UK): Knowledge Section (26 November 2006)

External links

Official website
(offline) {{Authority control Companies established in 2006 Crowdfunding platforms of the Netherlands German independent record labels Netlabels Online music stores of the Netherlands

Events

Artists who reached their goal

See also

References

External links