by: Grow VC Group
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Before the crowdfunding industry even existed, musicians often relied on money from their fans to record albums and tour, so it comes to no surprise that many famous musicians have become active members of the crowdfunding industry. Below, we will look at a couple different examples of famous musicians using crowdfunding for their albums or tours!

Amanda Palmer

After breaking with a major label, musician Amanda Palmer turned to crowdfunding in order to generate enough money so she could record her next album. She proved to be extremely successful, as she generated $1.2 million from her fans spread out across the globe. But it is important to keep in mind that she did not merely generate this huge amount by only asking her fans.

De La Soul

Hip Hop Legends De La Soul turned to crowdfunding in order to generate funds for their eighth album. Like Palmer, De La Soul felt that it was in the music’s best interest that they separate from a major label, citing that major labels often infringe on the creative process. Within a month of creating their crowdfunding campaign, they were able to generate $600,874, far surpassing its goal of $110,000 (their campaign surpassed this figure in only 9 hours). The resulting album, “And the Anonymous Nobody,” is set to release this year.

Other well-known musicians that have turned to crowdfunding include: the surviving members of TLC, Toad the Wet Sprocket, Kenny Loggins and Paula Cole.

Now remember, you don’t have to be a famous musician in order to benefit from crowdfunding. In fact, you don’t have to be a musician at all (although you certainly could be!). No matter whether you are an artist, scientist, entrepreneur or merely a dreamer, there are plenty of different ways that Kapipal can be leveraged, so what are you waiting for?

Read the whole article at Kapipal Blog.

Start a crowdfunding project today!

Amanda Palmer

Amanda Palmer, photo: Wikipedia.


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Grow VC Group The Grow VC Group is the world leading, global pioneer of securities crowd funding, peer to peer marketplaces, new investment models and global business development. Established in 2009, the Group has developed new investment models on six continents and continues to innovate the global market.

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This entry was posted on Saturday, April 16th, 2016 at 8:00 am and is filed under Business Updates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.