Hacker News Reader

I'm confused about the suggestion of VC investment into artists. One of the big issues with VC funding is that the pressure an investor can put on a company's direction, pacing, growth, product vision, etc. Wouldn't that be just as bad, if not worse, regarding VC investment in individual artists?

View on HN

I mean in a sense traditional record labels are already exactly that for the music industry, it's the same financing and payoff model (record labels front an advance to the artist and recoup the advance and more on album sales/revenue share from touring, 90% of signed artists will likely flop but the 10% that take off could become the next Beyonce or Justin Bieber)

Reply on news.ycombinator.com