Jeeni Blog

Helping the next generation of talent to build a global fanbase

Patti Smith - Piccadilly Circus Takeover

/ By Andie Jeenius
Patti Smith - Piccadilly Circus Takeover

To celebrate 50 years since Patti Smith's first poetry performance at St Mark’s Church, New York in 1971, January 2021 sees Smith taking over all the light screens at London’s Piccadilly Circus. Being brought to the venue by Circa, curated by the digital artist Josef O’Connor and designed specifically to adhere to social distancing and lockdown restrictions, the installation and Piccadilly Circus takeover, will combine art, music, poetry and prose, and include two recorded performances – one scheduled for midnight on New Year’s Eve and another on the day of the US presidential inauguration on 20 January.

Patti Smith in Piccadilly Circus - Photograph Circa

Talking to Fiona Sturges from The Guardian, Smith explains, “Some of the work I did in my bedroom, some in a recording studio and some at my desk,” says Smith, 74 this week. “I had to teach myself how to use Photo Booth on my computer and film myself reading a poem. I’m sure there are 14-year-olds who can do this in five minutes but it took me quite a while. But I got there and I’m so proud of myself.”

Her favourite piece is a reworked version of Peaceable Kingdom. Written in the aftermath of 9/11, it is a song of solace and hope in the face of catastrophe and, in performing it, Smith will be commemorating 100 NHS workers who have died from Covid. “It’s just so sad when we lose people who work so hard to rebuild our world,” she reflects. She will also read a new poem dedicated to the environmental campaigner Greta Thunberg, who will be 18 in January and who, Smith says, “pretty much sacrificed her childhood for all of us”.

Four years under Trump has also taken its toll. “It’s been a terrible atmosphere to live in,” she says. “You try to do your work and not let [politics] permeate your consciousness daily but it does. It’s very insidious.” She notes that she and the outgoing president are about the same age. “I have encountered him in New York through the years and found him a horrible, narcissistic person and just a bad businessman. I’ve seen the debris of his deals. I think the damage he has done is going to be felt for a long time. It’s not going to be so easily healed because globally he has empowered people of a like mind.”

Nonetheless she will take “huge psychological relief in the new administration. I’m a natural optimist so I’m not without hope or inspiration. What matters is trying to clean up some of his mess and get some order. I’m doing that in my house. I’m a messy person, and I know that before I can do something creative or exciting I’ve first got to clear everything away.”

Words - Fiona Sturges at The Guardian

06
Jun

Mel Croucher - Multimedia Entertainment - Ahead of his Time.

Today, Jeeni has returned to Crowdcube to raise more funds for helping new talent. Jeeni founding director Mel Croucher says, “I admit we're ahead of our original schedule, but there's still so much more to do. We need to scale our online platform globally now and build our mass artist showcases. Then we can hit all our targets, and give our new artists the recognition they deserve.” If you want to see our pitch click HERE. Mel has been writing the best-loved column in top-selling tech magazines for over 30 years. Now he's agreed to share his work with all our members. He's a video games pioneer and musician, and to to find out more about Mel check out his Wikipedia page. https://en.wikipedia.org/wiki/Mel_Croucher. Here's one of Mel's latest! I produced my first multi-media entertainment at the age of eight. It was a birthday gift for my mum. I called it Smellyvision. TV sets had begun to appear in the cleaner homes down my street, but my family was still years away from owning one of those magic boxes with their nine-inch screens. So I made my own. I took a cardboard box and cut a porthole in it, and used my mum's crank-handle mangle to scroll up the storyline that I drew on the reverse of a yard of wallpaper. The soundtrack lasted just under three minutes, which determined the length of my entertainment. It was a recording by the singing cowboy Roy Rogers, played on a shellac disc that spun at 78 revolutions a minute, also driven by a manual crank. But the best bits of my Smellyvision show were the different pongs that accompanied each segment of the story. I can still feel the sting of my mum's flattened hand because I had used her special perfume to enhance the production. The scent was called Evening In Paris, and had been maturing in a little blue bottle too precious to use since the 1930s. I sourced the smell of horses after the coalman's wagon had passed by, and that didn't go down well with my mum either. But how can you have a multimedia show about cowgirls and cowboys without perfume and horseshit? Capcom had exactly the same idea for their videogame Resident Evil 7, and I was not in the least surprised to discover that it too was horseshit. It was marketed as a "4D candle smelling of old timber and blood", with the brand name Blood, Sweat And Fears, and a burning time of 18 hours. The idea was to fire up the stinking candle to enhance gameplay, having handed over fifteen dollars for the privilege. As I have already said, it was crap, unless of course you managed to knock over the candle during your gaming frenzy, and emulate the zombies in the game by setting fire to your face. It wasn’t the first time that Resident Evil had been used to extort money for idiotic multimedia ideas. Back in 2005, there was a crummy accessory for the Nintendo Game Cube device called the Resident Evil 4 Chainsaw Controller. It was nothing more than a standard Game Cube handset with a vibrator unit and a "realistic chainsaw roar", that sounded like a wasp trapped in a jam jar. But gamers seemed to be willing to lay out fifty dollars for the privilege of acting like dorks, so what do I know. In fact Nintendo are serial abusers when it comes to dopey add-ons. Who can forget their Super Scope wireless light gun? Well, just about everybody, it turns out. It was a truly dreadful lump of overpriced plastic that only worked with a handful of games, and devoured AA batteries at the rate of six every four hours. And how about the Nintendo Power Pad which cost anything up to two hundred bucks way back in the 1980s. This was nothing more than a little shiny mat with a dozen or so pressure sensors in it. The idea was to jump around its red and blue squishy bits in order to trigger actions during video gameplay, and break your ankles in doing so. That's why most players resorted to cheating, by going down on all fours and using their fists to bash it into submission, My favourite Nintendo multimedia device is the DK Bongo. It's a totally stupid pair of miniature bongo drums, which suits me just fine. There's a built-in microphone to monitor my bongo-playing skills, and help track my progress as I play along to some of the worst music tracks in recorded history. To be honest, it works just as well if I clap my hands or produce fart noises, but sometimes honesty is not the best policy. After years of misuse, my DK Bongo still works fine and gives me innocent pleasure. Which brings me back to Resident Evil. Since its launch, the Resident Evil series has generated just over one billion dollars, making it the most profitable videogame spin-off in history. The only reward I ever got for my Smellyvision efforts was a sore arse. But I have never claimed to be a profiteer in these matters, only that when it comes to multi-media innovation I have always been way ahead of my time. Click HERE to visit or return to jeeni.com

06
Jun

Jeeni - the ethical alternative in streaming services, where artists can make a living.

This article by Andy Cush shows why Jeeni is needed more than ever. Jeeni.com is a streaming global platform where musicians and performers keep 100% of their sales, merchandise, tickets, donations and payments. No rip-offs, no fakes, no hype, no ads. Jeeni is the ethical alternative and will provide musicians and performers with a streaming platform where they can really make a living. How Musicians Are Fighting for Streaming Pay During the Pandemic. By Andy Cush With concerts on hold, it’s abundantly clear that most musicians can’t live off streaming income alone. How could the system be fixed? Indie rockers Stolen Jars are not exactly Coldplay or U2, but they’re not a garage band either. They tour regularly and have been covered by NPR and The New York Times. They have a fanbase. They’ve placed one of their off-kilter songs in an iPad commercial. They currently have more than 22,000 monthly listeners on Spotify. Bandleader Cody Fitzgerald estimates he makes about $1,500 to $2,000 every year from streaming services, which is good for about a month’s rent on his New York apartment. That annual streaming income, Fitzgerald is quick to note, is quite high for bands of Stolen Jars’ stature. “Most people are on labels, which means they get, at most, 50 percent of that,” he says. Fitzgerald self-releases Stolen Jars’ albums. He is also the band’s primary songwriter and performs many of the instruments on the recordings himself, all of which entitles him to an unusually large share of the total payments from services like Spotify and Apple Music. Musicians with different label and publishing situations—even those whose music is more popular—may make significantly less. Tasmin Little, a celebrated classical violinist based in the UK, has received honors including a Classic BRIT award and an Order of the British Empire designation from Queen Elizabeth. She has more than 600,000 monthly listeners on Spotify, and her recordings are featured on popular playlists like Classical Essentials, which has 1.9 million followers. Little tweeted last month that she was recently paid £12.34, or around $15.50, for six months of streaming on Spotify, a period in which she would have had over 3.5 million total streams, according to her current statistics. When the coronavirus pandemic shut down the possibility of touring for the foreseeable future, cash-strapped musicians lost their most reliable way to make money. Revenue from streaming has always been small for many indie musicians, but now it is one of the few income sources available, along with sales of merch, physical records, and downloads on Bandcamp. According to artists, the pandemic is only exacerbating the inequities of a system that is rigged against the people who make it run. Under these dire circumstances, musicians are organizing through unions and other advocacy groups to fight for larger payments from streaming platforms. One such group is the Union of Musicians and Allied Workers (UMAW), a new organization that counts Fitzgerald as a member of its steering committee, alongside members of bands like Speedy Ortiz and Downtown Boys. Another is the Keep Music Alive alliance, a partnership between the UK’s Musicians Union and songwriters association the Ivors Academy, which joined forces after the pandemic’s onset, aiming to remedy the “woefully insufficient” payments made from streaming services, according to a mission statement. These organizations differ in approach, location, and scale—the Musicians’ Union was formed in the 19th century and represents 30,000 people; UMAW was formed in May and its current membership numbers in the hundreds—but both are responding to the same crisis. “I don’t have any friends who don’t have some kind of financial worries right now,” says Sadie Dupuis, UMAW founding member and guitarist-songwriter of Speedy Ortiz. “For most musicians I know who are touring full-time, the work they have outside of that is all based in the service industry, and they can’t get back into that either.” According to Mark Taylor, communications director of the Ivors Academy, the situation represents nothing less than an existential crisis over the future of music itself. “We really just want to keep music alive,” he says. “It’s good for us, it’s good for our souls, it’s good for the economy, it’s good for culture.” In the UK, the Keep Music Alive campaign is pushing for a government review of the streaming industry, which it hopes will result in additional regulations over the way payments are doled out. The UMAW, as a new organization aimed at a host of issues including streaming, has not yet formalized a set of demands for changes. Both groups acknowledge that the process of fixing streaming will be as complicated as the recognition of its brokenness is simple.How do streaming payments work? Artists receive, on average, a small fraction of a cent for each time one of their songs is streamed on a major platform. A seemingly obvious fix would be for the platforms to simply increase this number. But while these tiny per-stream payments are a useful concept for identifying the problem, they’re not particularly useful for solving it, because they don’t reflect the mechanism by which the platforms actually distribute money. According to a detailed survey of streaming payments by the music industry analytics company Soundcharts, streaming platforms pay out roughly 60 to 70 percent of their annual revenue to “rightsholders,” a group that includes musicians, record labels, songwriters, publishers—anyone who has a financial stake in the sales of a given record. Spotify, the most popular platform in the U.S. and globally, projected a total revenue between roughly $9 and $9.5 billion for 2020 in a recent letter to shareholders, which would make the total rightsholders’ take something like $6 billion for this year. That huge pile of money is then divvied up to artists (and their associated labels and so on) according to their stream counts as a fraction of the total streams on the platform for a given period. A single stream does not entitle a musician to a payment of some fixed amount; it entitles them to a slightly larger piece of the total rightsholders’ pie. To understand why per-stream payments can be an unrepresentative metric, imagine no one streamed anything on Spotify for all of 2020, except for a single person who played, say, 100 gecs’ “Money Machine” a single time. As long as those hypothetical non-listeners didn’t cancel their subscriptions, and money kept rolling in to Spotify, that one play could earn 100 gecs millions of dollars, because it would entitle them to the whole pie. Soundcharts offers another way of looking at it. Each time Spotify introduces a new feature aimed at keeping people listening for longer, like autoplaying similar artists after you finish an album, it sends the average per-stream figure down. That’s not because Spotify is suddenly skimping on payments, but because people are streaming more songs—and when people stream more songs, a single stream is equivalent to a smaller pie slice. That’s fine for established artists whose music is regularly recommended by these listener-retention features, because the dilution in value of a single stream is offset by an increase in streams. But for artists who aren’t being recommended, it means their streams are worth less.How could platforms make payments bigger? Though making streaming services work better for musicians is not as straightforward as demanding a higher payment per stream, there are several ways the system could theoretically be changed to get more money into artists’ pockets. Most obviously, companies like Spotify could increase the 60 to 70 percent share of their revenue that they pay out to rightsholders. But if recent history is any indication, that number is likely to go down before it goes up. Spotify renegotiated its deals with labels in 2017; before that, the payout number was more like 80 percent. At the time, the labels agreed to have their payments cut—thereby reducing musicians’ payments as well—because they believed they needed Spotify in order to ensure their own survival. With streaming accounting for an ever-increasing majority share of the recording industry’s revenue each year, the labels probably won’t be changing their minds about that anytime soon. But even if Spotify and the labels reverted back to the old deals, it doesn’t seem like it would do much for the average musician; it’s not as though indie bands were rolling in dough from streaming back in 2015. Groups advocating for bigger streaming payments could demand that Spotify give up an even larger revenue share—90 percent, say—but it’s hard to imagine Spotify would agree to it. Even the labels, who would have to sign off on such a deal and would be its chief beneficiaries, seem more inclined to accept Spotify’s word that they’re better off making less money so that Spotify can thrive. Another option would be to advocate for the platforms to increase their subscription price. Higher monthly fees means more revenue; more revenue increases the size of the overall pie given out to rightsholders; a bigger pie means bigger slices for all musicians. But while most music fans likely agree that artists deserve more money, asking listeners to pay up themselves is trickier. “It’s interesting, the price of a subscription has stayed static for a number of years,” says Taylor of the Keep Music Alive alliance. “But frankly, given where we are economically right now, and pressure on peoples’ wallets, that’s probably not the route to go down as a campaign.” Instead, Keep Music Alive advocates for overhauling the payment system entirely, toward what’s known as a user-centric model, which would apportion the subscription fee from each user to the artists they actually listened to that month. If I only listen to 100 gecs, my $9.99—minus Spotify’s take—goes directly to 100 gecs and their label. The current system, known as pro rata, gives more financial weight to the preferences of users who stream more songs, whereas user-centric payments would treat the preferences of all users equally. Taylor says the user-centric model is a better reflection of how listeners interact with the artists they love outside of the streaming realm: “We choose to go to gigs, to buy merchandise, and part of that exchange is, ‘I want my money to go to this artist, so they can make a living, and do more of what they do.’ That is a very distinct relationship that currently doesn’t work, really, in streaming.” A user-centric model is appealing in the abstract, and there is reason to believe it could financially benefit some smaller artists in the long run. According to a 2017 study by the Finnish Music Publishers Association, 10 percent of all streaming revenue flows to the top .4 percent of artists under the pro rata system. The study found that a user-centric system would cut the revenue to that top tier nearly in half and increase the overall flow of money to less popular artists. However, some individual small artists ended up receiving less money under a user-centric system in the study’s simulation. The French streaming platform Deezer announced a switch to user-centric payments last year, but for now there is little real-world data showing its effects one way or the other.What about labels? Streaming platforms do not make payments directly to musicians, but rather to labels, distributors, publishers, and copyright collection societies, all of whom take their own cuts before passing the money along. The share of revenue that ends up in a performing artist’s pocket also depends on factors that have more to do with these other parties than the streaming services themselves: chiefly, whether the artists are performing their own compositions or someone else’s, and the size of the splits they’ve negotiated with their label over revenue from their recordings. These factors may help explain why a songwriter with no label like Stolen Jars’ Cody Fitzgerald makes more money from streaming than a signed artist who mostly performs works by other composers like Tasmin Little, despite the greater popularity of Little’s recordings. The label’s cut of an artist’s streaming revenue varies from artist to artist and label to label, and the contracts that govern it aren’t generally made public. But several experts estimate that labels get anywhere from 50 to 85 percent. Fifty-fifty splits are common to indie labels; majors generally take a larger share. The Keep Music Alive campaign broadly presents itself as a critique of the streaming industry, but its specific platform focuses equally on the role of labels. According to Taylor, the 85 percent a major label might take from an artist’s revenue is no longer justified in the streaming era. “A lot of that is a hangup from when they had larger overheads, from when they had to store and ship CDs,” he says. “There was a cost to all of that, which is now largely being reduced. We’re basing this new system on outdated models.”What’s next? For musicians facing an undeniably appealing and increasingly dominant technology that threatens to usurp their livelihood, resistance can seem futile. It would be foolish to pretend that streaming isn’t an amazing service from a listener’s perspective, or that it will go away just because it doesn’t seem fair. Talk to enough musicians and you’ll find plenty who are vocal critics of streaming, but still host their albums on streaming services and are subscribers themselves. “It would be great to strike a new balance, because these streaming services are really helpful in terms of music discovery—I buy more records than I used to, because I can get psyched up on something new without having to go to the listening station at the Virgin Megastore,” says Dupuis. “But the discrepancy between what mega-corporations are pulling in off artists’ music and what we’re pulling in is pretty gross.” An individual musician who’s inclined to protest that discrepancy has limited options. They could pull their catalog from the platforms, but that seems doomed to fail as anything other than an act of symbolism.“Unless there’s a big collective action to do that, that will not do anything,” Fitzgerald says. “If you do it by yourself, it will just make it so you can’t grow your fanbase, so you can’t be a band.” Spotify’s problems with paying musicians may be inextricable from its value proposition to subscribers: $9.99 per month is an incredibly small price to pay for push-button access to nearly the entire history of recorded music. Practically every musician on Earth is vying for their piece of the pie, and there just may not be enough to go around. Spotify understandably wants to make money, and probably deserves something for its development of the technology itself. But even if it conceded to pay 100 percent of its revenue to rightsholders, and somehow managed to continue operating, the payouts under the current system would still be paltry for many musicians. Take Tasmin Little’s $15.50 for six months of streaming. Multiply that by 10—a factor which would far exceed Spotify’s total revenue if it were applied to its entire catalog—and it’s still only $155. Recognizing the futility of the situation doesn’t inure musicians to its indignities, which have continued rolling in as the pandemic pause stretches into an epoch of its own. First, there was the virtual “tip jar” that Spotify rolled out as an optional add-on to artist pages, which allowed listeners to donate money to musicians directly—an apparently well-intentioned gesture that nonetheless served as a tacit admission that streaming revenue could never keep most artists afloat on its own, even as Spotify subscriptions and revenue surged during the early weeks of the outbreak. Then, there was the news that Spotify had paid the wildly popular podcaster Joe Rogan over $100 million for exclusive rights to his show, the latest indicator of a larger priority shift toward podcasts for the company. Ted Gioia, a music historian and jazz pianist, summed up musicians’ frustrations with a tweet: “A musician would need to generate 23 billion streams on Spotify to earn what they’re paying Joe Rogan for his podcast rights… In other words, Spotify values Rogan more than any musician in the history of the world. Sound fair to you?” I emailed Gioia, who has written a celebrated book on music’s power to subvert existing orders, to ask if there’s any way that musicians, and the listeners who love them, can change the streaming system for the better. In a thoughtful and lengthy response, he chastised the record industry for failing to keep up with technological innovations on its own, allowing tech companies like Spotify to swoop in and set the negotiating terms. He pointed out that individual musicians have little to no leverage in their dealings with streaming platforms, despite the fact that their music makes those platforms run. He called the prospect of convincing platforms to pay musicians more a “pipe dream.” Despite all this, he ended his message with a faint note of hope. One way to fix things, he wrote, “would involve musicians taking control of their own destiny,” and walking away from streaming en masse to start something new. “Make no mistake, musicians could run their own streaming and distribution platforms, and reallocate the cash toward the people who create the songs,” he continued. “No, I don’t expect any of these things to happen. I’m just saying they could happen.” Click HERE to visit or return to jeeni.com

10
Jun

"YE COMBINATOR" ALREADY EXISTS (SORT OF)

By Cherie Hu Kanye West is back on Twitter for more rants. Water is wet.This time around, though, he’s talking about issues that are hard for the music industry to ignore, in a way that leaves few stones unturned. On September 16 — a frenzied day for music-business Twitter — West tweeted over 100 individual pages (thank you Dani Deahl) of his recording contracts with Island Def Jam and Roc-A-Fella Records, dated between 2005 and 2016. Yesterday, he followed up by laying out a proposal of music-industry “guidelines” that included the removal of blanket licenses, a shift towards one-year, short-term licensing deals and an 80/20 royalty split in the artist’s favor. And today, he proposed forming an artist’s union.Many industry commentators have rightfully pointed out that aside from his contract details, 1) nothing West has pointed out is actually new, 2) some of his guidelines are unrealistic to pull off without collective action and 3) and he may have even put himself at a legal disadvantage by being so transparent with the terms of his own deals. That said, many of West’s critiques around artist equity, transparency and leverage parallel the key pillars behind recent initiatives like The Show Must Be Paused that have put unprecedented pressure on music companies to be more accountable for their actions, or face the consequences.Amidst all this buzz, though, I personally think there’s too much of a focus on how to improve existing recording contracts, and too little imagination of what other models might be possible for growing artists’ careers outside of the incumbent label system.This brings me to the topic I want to focus on today. On September 15, West claimed mid-rant that he spoke with Katie Jacobs — founder and general partner of Moxxie Ventures and board member of Vivendi, Universal Music Group’s parent company — about the possibility of creating “a ‘Y combinator’ for the music industry so artist[s] have the power and transparency to to [sic] be in control of our future … no more shady contracts .. no more life long [sic] deals.” The tweet got excited replies from powerhouses in the tech world like Sam Altman (former president of Y Combinator, now CEO of OpenAI) and Alexis Ohanian (co-founder of Reddit), and the nickname “Ye Combinator” soon emerged from the noise.In case you don’t know already, Y Combinator (YC for short) is a startup accelerator that has funded over 2,000 startups over the past 15 years. Aside from now-ubiquitous tech companies like Stripe, Airbnb, Dropbox and Reddit, YC’s current cohort and alumni include several companies like Twitch, Genius, The Ticket Fairy, Jemi and Gigwell that have direct interests in the music, entertainment and culture industries.YC makes its terms transparent on its website: A $125,000 investment in exchange for 7% of the company, through a post-money simple agreement for future equity (or SAFE). There are two YC cohorts a year, lasting three months each, in which startup members get access to the accelerator’s extensive alumni network, weekly speaker sessions and office hours, vertical-specific founder communities and other benefits. Each cohort also concludes with a flashy Demo Day that consistently draws hundreds of investors in person (and many more online, especially this year).One implicit point that West makes in his “Y Combinator for music” proposal is that record labels don’t fit the bill. Indeed, a common misconception is thatlabels are to artists what accelerators or VC firms are to startups. This comparison makes sense in that both labels and VCs tend to take higher risks with more capital on artists/founders that are relatively unproven in the marketplace, while also embracing a high-volume, portfolio approach to diversifying their risk. But the similarities stop there: A record-label advance is not an equity investment, it gives the label a financial interest in only one specific revenue stream in the artist's entire business (for the most part) and the outcome often makes artists feel less entrepreneurial, not more.That said, West’s idea is far from original, as many versions of “Y Combinator” for music already exist outside the traditional label model.Music accelerators began to emerge in full form in the early- to mid-2010s. Some, like Techstars Music, Abbey Road Red and Project Music, service founders of music-tech startups; others cater more to emerging artists looking to embrace a founder mindset in their careers. I reported on this trend for Music Ally back in 2016, and the playing field has widened significantly since then — ranging from formal, focused accelerator programs to more freeform incubators, residencies and coworking spaces, all serving the increasingly influential artist-entrepreneur archetype.A non-exhaustive list of examples: The Rattle (London, UK and Los Angeles, CA, USA)Zoo Labs (Oakland, CA, USA)Backline Accelerator (Cleveland, OH; Milwaukee, WI; Detroit, MI)REC Philly (Philadelphia, PA, USA)Th3rd Brain Accelerator (Los Angeles, CA, USA; ran until 2018)Assemble Sound Residency (Detroit, MI)Heavy Sound Labs (Los Angeles, CA, USA; part of startup studio Science Inc.) [Note: Some people would categorize songwriting camps, rap camps and independent music distributors like UnitedMasters and Stem as the equivalents of a Y Combinator for music. I disagree with this analysis because 1) startup accelerators need to focus on business models, not just on product development; 2) songwriting camps run by major labels benefit major labels, instead of providing an alternative path to success; 3) distributors are mostly self-serve SaaS platforms, not more focused educational programs.] If you click through these accelerators’ websites, something you may notice is that they are not necessarily catering to the aspiring Kanyes of the world. Instead, many of them have the goal of cultivating self-sufficient, local music communities in cities that might otherwise be overshadowed by major industry hubs like New York, Los Angeles and Nashville. Many of these accelerators also intentionally encourage their artists to use startup terminology — e.g. prototyping, testing, customer development, design thinking — as a tool for crafting a self-directed music career beyond just getting signed to a label and hoping for the best. This lies at the heart of what I see as the main limitation of West’s discussion of “Y Combinator for music,” which was ultimately framed within the relatively more conservative context of improving major-label deals. If you take the concept of “artist as entrepreneur” or “Y Combinator for music” seriously, you can’t approach the problem just from the vantage point of making existing label contracts better; that immediately presupposes a business model that doesn’t have to be etched in stone. Instead, the discussion should be more about changing the entire decision matrix altogether, such that an artist starts to question whether they even want to sign a standard deal in the first place. Anything less falls short of the idea’s imaginative, progressive potential. The financial gulf between music and tech When thinking about what “Y Combinator for music” can look like, one immediate red flag that needs to be addressed is that music and tech are vastly different businesses.Major artists and entertainers can build up enviable business empires by diversifying their brand beyond music into beauty, fashion, alcohol and other verticals. But by many investors’ standards, even this massive amount of wealth ends up being relatively paltry and slow to come by.Let’s look at West as an example. According to Forbes, West’s business interests in music and fashion make him one of the wealthiest celebrities in the world, with a net worth of $1.3 billion. But he only got to this point after grinding nonstop in the music business for nearly 25 years. Similarly, Rihanna has a net worth of $600 million, but she worked tirelessly over the course of the last 15 years to get her career to this point. Beyoncé’s net worth is $400 million, and she’s been in the business for 23 years.Measured against Silicon Valley’s expectations, these growth rates and market caps would be considered meager, even abysmal. For comparison: West name-dropped Airbnb and Dropbox in his tweet about Y Combinator. Airbnb is 12 years old, and is already valued at $18 billion (which is only half of its peak valuation of $31 billion three years ago). Dropbox is 13 years old, and is currently valued at around $8 billion. In other words, Airbnb and Dropbox individually achieved more than 6x the value of Kanye West’s brand in just half the time.This is an apples-to-oranges comparison — and that’s exactly the point. Building a celebrity brand is a fundamentally different business from building a tech platform. In being inextricably tied to human talent, celebrity brands are harder to scale, grow much more slowly and end up being much smaller in size than SaaS and marketplace products of comparable fame. Hence, simply copying and pasting the Y Combinator incentive structure for emerging artists is arguably inappropriate, and runs the risk of even more churn-and-burn on the artist side without laying out clear expectations for a different kind of growth and development.This financial gulf also holds true when you expand your view to music corporations, not just celebrities. The market value of the world’s biggest recorded-music company (Universal Music Group at around $34 billion) is only 1% that of the world’s most valuable tech company (Apple at $1.9 trillion), and nearly 25% lower than that of the world’s biggest music streaming service (Spotify at $44.5 billion).In general, investors still view music as a relatively small niche compared to other entertainment sectors like film and gaming, and especially to other industries outside of entertainment like software services. Major music corporations are trying to compensate for this value gap by holding mutual stakes in streaming platforms; celebrities are also investing in tech startups to have an individual upside in Silicon Valley’s growth. Note that the everyday artist, unless they own stock in Warner Music Group or Spotify, is essentially nowhere to be found in this financialized picture.It’s hard to argue against a more even distribution of wealth between the millions of artists around the world and the handful of media and tech corporations that command eleven-figure valuations off the backs of these artists’ works. Indeed, in his Twitter rant, West addresses this issue in a rather capitalistic way (emphasis and punctuation added): “I am the only person who can speak on this because I made multi billions outside of music — no musicians make billions inside of music — I’m going to change this.”That said, I wish West took more time to address the vast majority of artists — hell, the vast majority of people, period — who will never be billionaires. Among the modern generation of music distributors and music-tech startups, there’s increasing discussion about growing the “middle class” of artists and enabling them to live sustainable, healthy lives off their creative work without feeling like they need to chase outsized growth projections. A truth that West neglects in his public discussion is that if the music industry is to be more equitable, you don’t need to make billions of dollars to be deemed “successful.”In general, the music and tech industries both tend to suffer from the same myopic view of success in entrepreneurship — whereby case studies from the top 1% of the top 1% of companies are treated as the rule, rather than as the exception that they truly are. While celebrities’ growth trajectories are certainly illuminating and informative, an education in music entrepreneurship that paints these stories as the “norm” will automatically set emerging artists up for disappointment.This brings us to one last fundamental question:  What is the end game? While YC has transformed how early-stage startups get their footing, the program also arguably serves the incumbent investment world by grooming startups for the next level of more traditional VC deals (Series A, B, C, etc.). Moreover, the notion of a lucrative “exit strategy” (i.e. a big IPO or acquisition by a larger company) being the primary north star for many startups has only become more intense in a world of accelerators, not less.If we made a Y Combinator for music, what would that “next level” look like for artists? Is it still to “exit” to a traditional label deal, or potentially to arrive at a totally different business structure altogether around an artist's work? Is the goal simply to have more leverage against incumbents in deal negotiations, or to decrease reliance on incumbents as a whole and build a fruitful, independent business on one’s own terms?Interestingly, recent history has suggested that independent music companies who claim to be a “one-stop shop” for the next generation of mainstream, culturally influential artists actually have a hard time keeping them from major labels’ grasp. Amuse couldn’t keep Lil Nas X. UnitedMasters couldn’t keep NLE Choppa. Human Re Sources couldn’t keep Pink Sweat$. In all of these cases, the best opportunity to go to the “next level” was to partner with an incumbent.West’s stance on what this “next level” actually looks like in his perfect world isn’t clear. For one thing, West’s solution for “freeing artists” seems to rely mainly on improving major recording and publishing contracts. That is not a startup accelerator — that’s an arduous political debate that requires decades worth of collective action. Moreover, the fact that he discussed this idea with a Vivendi board member implies that an initial iteration would be additive, not disruptive, to a major label’s business. For instance, a company like UMG would likely invest in a YC-type set up as a self-serving A&R funnel, upstreaming the most promising talent directly from each cohort to a more standard deal (major labels invest in independent distribution businesses for a similar reason).I’d like to think that West’s idea of “setting artists free” can have room for multiple different kinds of careers, not just a slightly better or more efficient version of the dominant model. I’d like to see a Y Combinator for music focus on the more than 40 different revenue streams that artists can potentially make from their work — spanning the likes of direct-to-fan memberships, grants and teaching, not just recording, touring or merch — and on the wide range of company structures and fundraising strategies that can support a profitable, “middle-class” artist business. In the tech world, organizations like Indie.vc and Zebras Unite, and movements such as “Exit to Community,” provide a potential blueprint for how to prioritize sustainability and profitability while exploring alternative financing models for startups such as revenue-based financing and equity crowdfunding. (A lot of these alternative models are already underway in music, but not with the endorsement of someone like Kanye.)Journalist David Sax's recent op-ed for Bloomberg, "It’s Time to Reclaim the Meaning of the Word ‘Entrepreneur,'" rings strongly here: “For too long, we bought into the notion that all we needed to do was create and support the entrepreneurs building the biggest businesses, assuming the trickle-down of money, jobs, and innovation would benefit everyone. But a healthy economy needs a full complement of enterprises: the high-tech, rapidly growing companies and midsize manufacturers; the MBA-educated innovators disrupting markets; and the small businesses run by minorities, immigrants, women, and seniors that make our neighborhoods vibrant. Silicon Valley talks a lot about the ‘ecosystem’ for startups, but we need to remind ourselves that the healthiest ecosystems are diverse. They need microbes and ants — not just elephants.” To borrow Sax’s analogy, West is, in multiple senses, the elephant in the room: A problematic celebrity figure whom many of us are reluctant to talk about, and an ultra-wealthy entertainment magnate who is the exception, not the rule, in the vast ecosystem of artist success. Arguing for artists’ freedom and rights without acknowledging the sheer diversity of career paths in the industry runs the risk of feeling like Tidal’s 2015 press conference — shiny, but tone-deaf. This is all to say: When you hear "Ye Combinator" or "Y Combinator for music," I encourage you to dream harder about what might be possible. In a way, West’s tweetstorms and their resulting debates serve as a litmus test for the kinds of solutions that people in the industry want to have come to life. I invite you to take this test yourself: What end game do you see? ✯