Shayan (his only name, apparently) is thinking outside of the box. He’s selling shares of his musical future to fund his demo recordings:
“I kind of understood how the industry worked in terms of the royalties scheme, so I put up an auction as an individual saying that if you invest £3,000 in me, I’ll give you a quarter percent of my life’s earnings in music.
“Who would have thought that in a week’s time, I would have got three people to invest £9,000.”
As with many such innovations, the press surrounding the innovation will be worth way, way more than the £9,000. Here’s the auction itself.
If only I hadn’t sunk all my money into that frozen-sperm guy you blogged about a while ago. “High-risk, high-reward”, my foot!!
Soul + Devil = Regrets
Also noted: even ignoring net present value calculations, this guy would have to make 1,200,000 pounds in his career just for an investor to make his/her money back.
J, that doesn’t even account for possible share dilution.
Looks like Ebay suspended the auction, though.