Before the crowdfunding industry even existed, musicians often relied on money from their fans to record albums and tour, so it comes to no surprise that many famous musicians have become active members of the crowdfunding industry. Below, we will look at a couple different examples of famous musicians using crowdfunding for their albums or tours!
After breaking with a major label, musician Amanda Palmer turned to crowdfunding in order to generate enough money so she could record her next album. She proved to be extremely successful, as she generated $1.2 million from her fans spread out across the globe. But it is important to keep in mind that she did not merely generate this huge amount by only asking her fans.
Palmer not only proved the lucrative nature of crowdfunding, but she was also able to make her dream come true in the process! The resulting album, Theatre is Evil, was released to extremely positive critical reviews.
De La Soul
Hip Hop Legends De La Soul turned to crowdfunding in order to generate funds for their eighth album. Like Palmer, De La Soul felt that it was in the music’s best interest that they separate from a major label, citing that major labels often infringe on the creative process. Within a month of creating their crowdfunding campaign, they were able to generate $600,874, far surpassing its goal of $110,000 (their campaign surpassed this figure in only 9 hours).
Like many successful crowdfunding campaign creators, De La Soul did not merely ask people for money. Instead, they offered unique incentives in exchange for donations. Some of these incentives include a personal Skype video chat and a vintage boom box from their very own personal collection.
The resulting album, “And the Anonymous Nobody,” is set to release this year.
Other well-known musicians that have turned to crowdfunding include: the surviving members of TLC, Toad the Wet Sprocket, Kenny Loggins and Paula Cole.
Now remember, you don’t have to be a famous musician in order to benefit from crowdfunding. In fact, you don’t have to be a musician at all (although you certainly could be!). No matter whether you are an artist, scientist, entrepreneur or merely a dreamer, there are plenty of different ways that Kapipal can be leveraged, so what are you waiting for? Start a crowdfunding project today!