Eamonn Carey is the MD at Techstars London, and an early stage investor, advisor and board member for companies across the US, Europe and Asia. Eamonn also runs a regular deal flow email for 500+ angel and VC investors around the world. Eamonn has invested in over 40 companies around the world and is a regular conference speaker. He also writes for Wired, TechCrunch, Mashable and others.
VC Investment in Music. Everybody's doing it
Eamonn Carey Techstars Music (IE), Ric Salmon ATC Management (GB), Tim Exile Endlesss.FM (GB), Scott Cohen The Orchard (GB)
Management | Technology
According to many observers of global commerce, the music industry is too small to be interesting for investors, but they are missing something that more and more venture capitalists are seeing. As the industry embraces the power of digital technology, music consumption is rising and music is infiltrating all of our lives in ways that could not previously have been predicted. A trend that started when Mitchel Green at Lead Edge Capital saw the potential of Spotify in 2009 and acted upon it, at a time when most observers were saying the platform was pointless, has now ballooned to the point that music companies and start-ups currently attract hundreds of millions of dollars each year from VCs such as BlackRock, and Venture Capital 101. Alongside them, music industry figures such as DJ John Acquaviva, will.i.am's manager Polo Molina, Lady GaGa's manager Troy Carter, and Madonna's manager Guy Oseary have also caught the investment bug. But what are those companies expecting in return? What sorts of start-ups and ideas do they tend to invest in? What can you do to increase your chances of being supported by VC money?
Eamonn Carey Techstars Music (IE)
Ric Salmon ATC Management (GB)
Ric Salmon is a partner and director at ATC Management. ATC has a roster of 60 management clients including the likes of Nick Cave, PJ Harvey, Faithless, Johnny Marr, Trevor Horn along with a roster of around 400 acts through its live division, ATC-Live.
Prior to ATC, Ric founded management company Harvest Entertainment in 2007. Harvest represented globally established artists such as Seal, Morrissey and Joss Stone, while developing a number of exciting young emerging artists.
Ric remains a long-time senior A+R consultant to Warner Music working across the East West, Rhino and ADA divisions, and through that role has worked with artists such as The Corrs, Bette Midler, Boyzone, Beverley Knight and many others. Ric currently sits on the board of the MMF and the CMM, and a number of other not-for-profit organisations.
Tim Exile Endlesss.FM (GB)
Scott Cohen The Orchard (GB)
Scott Cohen is the co-founder of digital distribution pioneer The Orchard. The Orchard is the world’s leading distributor of music, film and video with operations in over 40 global territories. As a well-recognized public speaker and lecturer, Scott travels the world evangelizing new business models for the digital age. Scott’s music career started in the late 80’s in independent and major label artist management. In addition to his responsibilities at The Orchard, he manages the Raveonettes, Dan Owen and Fallulah.
Scott is a human rights activist and strict vegan. No meat, fish, cheese, milk, honey, leather, wool or anything else derived from an animal. And did you know he is also a cyborg?