Not sure if "large enough" matters as comparing the music industry to the tech industry is like comparing a pond to an ocean.
I think the real value here is that a YC of music can fundamentally change the way the industry functions by:
- Allowing artists control over their masters/creations (equity)
- Reducing the barrier to entry to enter the music industry by providing upfront capital, and support (mentorship, music marketing & distribution)
- Concentrating talent in one area
Also if anyone is interested I'd recommend checking out this documentary by J. Cole's Dreamville[0] where a bunch of artists and producers came together in a house and built an album in 10 days (basically like a hackathon)