Today’s guest is musician and music business entrepreneur Mark Miller. Mark is the co-founder and CEO of Labelcoin, a revolutionary Web 3.0 based song exchange that allows fans to invest in the next big song. Mark and his team are working to usher in a new era for the music industry in which artists’ future revenues are brought forward to the present day with the ultimate goal of stamping out artistic poverty. Prior to his work with Labelcoin, Mark spent a decade as a touring recording artist before starting several businesses designed to help artists build their careers, including a national booking agency and a video and photography production company. We have a great chat about creating a blockchain based music investment platform, the importance of marketing for musicians, the difference between an amateur and a professional, and what one of the biggest things holding artists back is.
In this episode we'll dig in on...
Utilizing blockchain technology to support musicians
Humility is always the best way forward
Making $120k a year playing college shows and touring
Why most musicians and artists give up
How to value a catalog's future earnings
How blockchain backed song shares could replace producer and mixer points
The importance of welcoming people into your creative process
The difference between an amateur and a professional
A fan's money should go to the artists that they listen to