kia
@kia.eth
bandcamp is such an underutilized asset can we ICO raise $300mm to buy it pls
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Zach Harris
@zachharris.eth
@kia.eth one could argue sound.xyz is a better near term nano private equity opportunity - currently in maintenance mode - bandcamp / soundcloud ngmi in ownership economy imo
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Garrett
@garrett
lol no distribution is valuable and both soundcloud/bandcamp have that with a large number of artists sound is just a piece of tech without any valuable distribution or awareness with artists
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Zach Harris
@zachharris.eth
imo both are overvalued assets inspite their large distribution footprint - largely because the music world makes a lotta money on asymmetrical value exchange btw platforms and artists - indie distribution doesn’t seem like much of an edge anymore both companies have had massive financial struggles due to unsound business models https://www.perplexity.ai/search/5a814eb9-4ed0-4cac-9bf0-3b297fde1464
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kia
@kia.eth
yeah that's exactly why they should be bought and rebuilt if you had 'sound business model' out there the artists, the catalogue and the users won't appear out of the blue but if you have those you can fix the business and that's the whole point of buying out something
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Zach Harris
@zachharris.eth
Hmm, do you think both businesses are fixable through acquisition? How valuable are these users? How differentiated is catalog (any channel exclusivity)? What is the upside on emerging artists? And how loyal are they if they moon? Is buying distribution and turnkey audience and artist relationships enough… I mean Beats by Dre and Tidal both got bought, but were they additive to the unduplicated reach and audience appetite of Music and Block respectively?
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Garrett
@garrett
100% this i think both businesses could be improved and fixed to become more profitable and sustainable im a big fan of both platforms and i know many music fans and artists who are too would love to boomerang back into music one day
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