Be a Believer at SellaBand

I read about this at MetaFilter and thought I'd share. There's a new site called SellaBand where you can 'invest' in bands and musicians to help them 'make it big'. You find an artist you 'Believe' in, and you pledge $10 in return for 1 "Part". When they've got 5,000 "Believers" (and $50,000 in pledges), they get the money and they use it to record a CD. You get a copy of the CD, and with any luck they become superstars.

Obviously it's going to take a while to get going, and while I was eager to buy a little piece of musical history, after listening to the first half of about 20 songs, I decided that there was nobody there that I could "Believe" in. Yet.

I'm not entirely sure why, but I love things like this. I know most of them don't work out -- most of them never get enough people involved to create that critical mass necessary to get things happening.