ASM Blog

The VCs have spoken: Edward Sharpe is killing it. Congrats Nora from Dorm Life!

It seems Edward Sharpe and the Magnetic Zeros are everywhere lately. Possibly because they just finished a nationwide tour. Or perhaps because they are simply excellent. Or maybe because they have a great accordionist.  Congratulations to Nora Kirkpatrick – who plays Courtney Cloverlock on an ASM show called Dorm Life – and her bandmates on their success!   (Also Nora, congrats on the pan-hellenic president role on ABC Family’s Greek.)

It was interesting to notice too that the band also seems to be the hit of the VC party, with at least 2 big props lately:

Plus, in a true small-world moment, Boxee recently released their new box. We recently released Dorm Life on Boxee. What music did Boxee choose for their gala unveiling?  Edward Sharpe and the Magnetic Zeros, of course!

It occurs to us that E. Sharpe & Co. should use some of their tour-bus time to produce a 10-slide Powerpoint pitch for VCs, and make a few extra (daytime) stops in NYC and Boston (it’s unclear whether the Sand Hill Road VCs have an ear for bands newer than U2). They would undoubtedly emerge with a fresh round of capital. Seriously: think about what a really well-capitalized, red-hot new band could accomplish.

Watch their network debut from the Letterman Show back in September ‘09.

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  • jdbeebe
    this is a really interesting article- well done matty boy!

    I love the idea being explored here- VC backing bands. Right now they are backing them with fandom but what if the VC were backing them with capital? Just as some of the biggest VC moves have recently been into the motion picture space, backing a band that will likely make it to Carnegie Hall isn't a bad bet either. What are you further thoughts?
  • The question comes down to: could a band use capital more effectively than a label in getting their content distributed? Is distribution actually open enough today for a band to really take control, or do the old gatekeepers still have enough weight to keep band-run distribution a pipe dream?

    My sense: distribution is way too big and hairy a logistical / administrative function for the active members of a band to run themselves and still actually make music. Whether it's a full-time job for 1, 5 or 10 people is the question.

    Tunecore ( http://www.tunecore.com/ ) inhabits the space between DIY distro and old-school distro.

    Jonathan Coulton is said to be a pioneer in this space too. Check his biz model out.
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