Showing posts with label waywesee. Show all posts
Showing posts with label waywesee. Show all posts

Tuesday, 7 April 2009

Crowd sauce? Would this be a crazy idea for funding DiS?


By crazy, I mean less bonkers than doing a deal with a non-music-minded or Murdoch-like media corp again. Or as in, less crazy than turning the whole thing back into an amateur project, with an hour or so of several peoples time spent on it a week... which, quite likely, would mean DiS going the way of Stylus (RIP) - although things are stable at the moment, so that isn't something people need to worry about.

Basically, in the current climate, we have ever-increasing reliance on annoying and irrelevant advertising (although praise be for the folks at Beggars Group who you may have noticed taking out a lot of ads as of this week to reach our 300k+ users). Worryingly, the value of advertising (especially Google ads) is falling and there have times recently when advertising has ground to a halt and I think there must be another way.... especially as DiS the brand has value, it just needs to speculate a little more than we can afford right now, to accumulate.

Anyway, I just saw http://www.waywesee.com/nl/info/about- basically its a crowd-funded, shares-like business model (a bit like Sellaband, Bandstocks) but for film-makers.

What I'm thinking, in a very wafty half-awake kinda way from germs of ideas I've had over the years, is something that either:

1) Takes the possibilities of what a DiS community could look like 3years from now and you all help fund the features you'd like be it an iPhone app that finds you nearby music fans looking for people to have a pint with or some follie, like a crazy mash-up of Last.fm and types of biscuits people who like a certain band like. And then, should this site make money, we all share in the profits, when things are ten times as big and every music fan in the world benefits from all the best ideas being prioritized... mostly because at the moment advertising isn't significantly funding things and we need more than one Tom (or at least one and half, part-time), as well as some editorial staff. Although, maybe you'd all fund DiS and decide we don't need to focus on editorial... This is what Twitter should do.

2) Writers suggest features or jobs they'd like to do and people pay for the ones they want to read. Like, I dunno, Kev Kharas to come back as news editor for an hour-a-day a week is £70 a week, and then when enough money is raised for a few weeks in-a-row, he starts doing it. Or Mike Diver says he wants to write 1000 words on 20 bands Mastodon/Deftones fans should check out - a bit like a personal shopper or in response to popular "where to start with threads?" - and users pay him to write the piece, rather than other pieces and share in the ad revenue from the article. Or the people who pay for articles can pay more to advertise beside them (so, I dunno, Dananana... take out a £100 album ad to pay Diver to do a feature about bands inspired by comedians - this is sort of how Japanese style/music mags work, as, from what I could gather, the advertisers pick the articles they'd like to sponsor/fund, although I'm sure there are or would be clear guidelines which we could come up with for avoiding nepotism).

Obviously, the downside might be that some of the bigger shareholders would most likely be labels and musicians with agendas beyond philanthropy (there's obviously practical ways we could avoid this being an issue), or even business-minded hedgefunds, but am sure there are ways of addressing that. I guess I just get a sense that people would really need to have a hope of getting something back or something more or they wouldn't cough any money up (or view it as some cynical pyramid scheme). And perhaps we could offer some shares, like travel miles/indie-points, for users who do helpful things, like posting links on Wikipedia, adding listings, (this is a half-idea I've had in the back of my mind for ages, probably since the first time I played with Wikipedia, that I think a certain type of person will do more grafting if they feel some sense of reward, even if it's just enough 'points' to get into some gigs for free or get access to certain music early or something - although I did suggest this idea http://www.orangerockcorps.co.uk/ for Live8 and think it'd maybe it's a better and more positive use of the idea).

3) It'd potentially be a sensible way for DiS to re-open (well, we still have Martha Wainwright signed, so technically we're on hiatus until her next album) its label... I'm just not sure there is enough potential revenue tho for many people to be able to get their money back. And, for instance, if it was say Youthmovies next album, it'd need a minimum of £10k to make it (let alone fund any specialist people to work on it) and am not sure there are enough fans (although maybe a 1000 people paying a tenner isn't too unreasonable, as I hear Patrick Wolf has raised a fair but but obviously has the benefit of major label exposure and a hardcore fanbase) with enough money to fund them making a record and tour and everything else. And I'm pretty sure, going by sellaband, etc the types of acts people end up with the funding are either ones with existing fanbases, rich relatives or that make palatable crap that was relevant 10years ago.

But perhaps this model make more sense for a way of funding some tracks or package tours (a bit like owngig.com) to help start some careers? And perhaps the idea needs to be a combination of ideas like milliondollarhomepage.com and creating some sort of fund for exceptional music. I know a friend of mine who was trying ot find 50 people to put in £50 each for a 7" singles club which was kinda a nice idea but not sure he found 50 willing people.

4) DiS could avoid these kinds of revenue-share ideas or traditional ideas and 'Do a Radiohead', allowing users to pay/donate what they want? Maybe a daily request to do so for an ad-free or premium selection of content? Although, the flaw I think is that I'd rather people paid because they liked something (rather than a pushy donation request, with the desperate air that without your money will we fail to exist), so it'd be clearly more like a tip or a thank you for a great review or reliable selection of suggestions of music to check out - and this could perhaps also apply to messageboarders who consistently give great and useful advice (sort of like 118 118 for music with any knowledgeable user making some beer money for their advice?)?

Thoughts?
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