Last week's bankruptcy and resurrection of fan to artist funding site SellaBand caused many to take a closer look at the model. Indie artist Matthew Ebel, familiar to Hypebot readers for his success selling subscriptions to his streamed basement concerts, has decided to pull out of SellaBand entirely. While this guest post shares Ebel's story, there's a broader message about the cost of putting anyone between an artist and their fans.
A modern artist really doesn’t need microfinancing of any kind. Especially micro- financing that’s badly managed to the point of declaring bankruptcy. The easiest way to cover this is a simple comparison between Sellaband and my own subscription service, Matthew Ebel dot net. Of course, by “my subscription service”, I mean “what any artist can offer direct to their fans”.