Wikipedia
Sellaband is a music website that allows artists to raise the money from their fans and the SellaBand community in order to record a professional album. Sellaband uses the mechanisms of crowdfunding and is to be seen as a Direct-to-Fan/ fan-funded music platform utilising a Threshold Pledge System / Provision Point Mechanism. It was set up by Johan Vosmeijer (ex Sony/BMG), Pim Betist (ex Shell), and Dagmar Heijmans (ex Sony/BMG) in August 2006. Its offices used to be located in Amsterdam, Netherlands, but it was originally incorporated in Bocholt, Germany.
On April 8, 2008, Sellaband raised EU€3.5 million ( US$5 million) in their Series A round led by Prime Technology Ventures.
In early 2009, Pim Betist left Sellaband to set up Africa Unsigned, using Sellaband technology as a base and supported by the Dutch government.
In January 2010, Sellaband filed for Bankruptcy. It relaunched days later, after an investor stepped forward. The office was relocated to Munich, Germany.
For three years, Sellaband supported the sharing of revenue, a form of equity crowdfunding. Research from the Journal of Economics & Management Strategy examined investment data on the Sellaband platform during this time period. The data shows that, while investments can come from funders around the world, distance continues to affect the flow of funding and information.
As of mid-2016 the website is offline.