From TechCrunch:

Music fans on SellaBand invest 10 dollars in an artist they want to back. If the artist gets to 5,000 ‘believers’ they get 50,000 dollars and then SellaBand steps in to get the band to record an album in a real studio. Each fan gets a limited edition CD. If the artist doesn’t reach $50,000, the fans can get their money back or give it to another artist.

Visit the site — cool idea. Another way for bands to make it big.

(By the way, I purchased a limited edition album from Mandy Leigh — good stuff, and I used to review music a long time ago, so my opinion counts. You should buy it too).

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