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# IOUmusic: New Artist Crowdfunding App Launches
- URL: https://www.hypebot.com/ioumusic-new-artist-crowdfunding-app-launches/
- Published: 2010-07-13T05:48:00.000Z
- Updated: 2010-07-13T05:48:00.000Z
- Description: How Does It Compare To Other Fan Funding Sites? IOUmusic, in a similar vein as other grassroots, crowdfunding applications such as Kickstarter and RocketHub, is a new donation website that's. Continue reading [https://www.hypebot.com/hypebot/2010/07/ioumusic-new-artist-crowdfunding-app-launches.html
- Author: admin
- Tags: DIY Advice & Tips, #wp, #wp-post, #Import 2026-01-21 10:59

**[ ](http://www.ioumusic.com/?ref=hypebot.com)[![image from www.aquietrevolution.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201348565d4fa970c-150wi)  ](http://hypebot.typepad.com/.a/6a00d83451b36c69e201348565d4fa970c-popup?ref=hypebot.com)**

**How Does It Compare To Other Fan Funding Sites?**

**[IOUmusic](http://www.ioumusic.com/?ref=hypebot.com)**, in a similar vein as other grassroots, **crowdfunding applications** such as **[Kickstarter](http://www.kickstarter.com/?ref=hypebot.com)** and **[RocketHub](http://rockethub.com/?ref=hypebot.com)**, is a new donation website that's focused on **assisting musicians** and **providing them** with alternative means to fund their creative projects. 

[![image from www.chinookpta.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201348565d8a8970c-250wi "image from www.chinookpta.com")](http://www.chinookpta.com/images/donation.jpg?ref=hypebot.com) As well, they are positioning themselves as a way for fans to **pay artists** for music that they have **obtained for free**. The founders of the company state that while this is their first incarnation, as a **crowdfunding app**, they are open to **evolution** of the site as the needs and wishes of artistschange. From the payments to the artist, garnered from their fans, **[IOUmusic](http://www.ioumusic.com/?ref=hypebot.com)** takes a **10%** cut. 

**Two Alternatives**

 According to **Maria Popova** at [Brain Pickings](http://www.brainpickings.org/index.php/2010/03/10/crowdfunding-for-creativity/?ref=hypebot.com), "**Kickstarter** charges a flat fee of **5%**, but also passes along the **Amazon Payments** transactional fees (**3%**–**5%**) to the artists who use the platform, for a total fee anywhere between **8%** and **10%.** **RocketHub** charges a flat total fee of **8%**." Thus, depending on your goals, there are the fees to consider, but sometimes one site just **feels better** than the other.

(via [IndieMusicTech](http://www.indiemusictech.com/music%5Fmarketing%5Ffor%5Findie/2010/07/ioumusic-crowdfunding-for-artists-and-fans.html?utm%5Fsource=feedburner&utm%5Fmedium=email&utm%5Fcampaign=Feed:+typepad/snapmusic/music%5Fmarketing%5Ffor%5Findie+%28Indie+Music+Tech%29))