kia pfp
kia
@kia.eth
bandcamp is such an underutilized asset can we ICO raise $300mm to buy it pls
5 replies
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✿   ZACH HARRIS   ✿ pfp
✿ 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
1 reply
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Garrett pfp
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
2 replies
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✿   ZACH HARRIS   ✿ pfp
✿ 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
1 reply
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kia pfp
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
2 replies
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