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After PledgeMusic's implosion, Benji Rogers is raising money for a new venture based on "positive" news. He's using Kickstarter to fund it.
Confidential investor pitch shows PledgeMusic was spending twice what it earned, planned to raise fees to 20% and charge artists for promoting campaigns on their platform.
The collapse of PledgeMusic has left no one looking good, but Benji Rogers is the only one doing any talking.
Crowdfunding already had something of a shabby reputation - and that was before funding sites began stealing their customers' money.
Campaigns suspended, staff abused and a returning co-founder must be wondering what he got himself into: welcome to PledgeMusic 2019, one of the most bizarre corporate death spirals in the industry.
"I've owned this CD for 2 years and would nearly kill anyone who would do harm to it." -- "A Customer", October 15, 1999 It...
Chicago DJ, vocalist, producer and Candy Talk Records owner DJ Colette has launched a Pledge Music campaign in support of her long awaited album,...