Tune Your World :: Music + Microfinance

Tim Ferriss is the author of the hugely popular book The Four Hour Workweek. Derek Sivers is the musician who started CD Baby, the world’s largest online music store for independent musicians. Here are some current stats from the site:
- 242,846 artists sell their music at CD Baby
- 4,574,622 CDs sold online to customers
- $83,590,381 paid directly to the artists

This Video shows a recent interview between Derek and Tim. Interesting to see how Derek adapts Tim’s philosophy and applies it to the Music Industry. (Note that Derek just recently sold CDBaby to Disc Makers and is now a free agent)

Tags: baby, cd, derek, feriss, sivers, tim

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HOW DOES MICROFUNDO WORK?

Choose a Musician's Campaign, Lend, Get Repaid

1. Music Fans like you can browse Campaigns of Musicians and choose an artist to lend to. When you lend, using Paypal or your credit card, Microfundo collects the funds and then passes them along to the artist once they've reached their goal.

2. Over time the artist is able to repay the loan via sales of digital downloads of their music that is distributed through Microfundo's media partners at Natonal Geographic and Mondomix.

3. When you get your money back you can re-lend to another artist Campaign or choose to purchase their artists' new releases or you can simply keep your money.

You, the fan, provide microfunding for musicians from one of the unlikely music capitals of the world - the townships of Capetown, South Africa, say, or the favelas in Salvador, Brazil. You are directly engaged in their creative process - making new and completely unique recordings that wouldn't exist without your assistance.

Change the lives of our Artists and help develop a thriving music economy around the globe.

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