In the early days of TwentyFourBit, we told you about Patrick Wolf’s effort to raise money for the recording and release of his upcoming album, which was called Battles at the time, but ended up as The Bachelor. Wolf’s experiment utilized Bandstock.com, a site that allows fans to invest in the project, rather than simply donate cash. Well, Chuck D, Flavor Flav, and the rest of the legendary Public Enemy crew are giving the same scheme a go (on a different site, though).
Check out Public Enemy’s pitch to investors (via Sellaband):
Through its partnership with SellaBand, PE is offering a total 10,000 parts for Believers at a value of $25.00 each to raise a total of $250,000. The $250,000 will be used to: a) fund the complete recording costs and expenses for its next album and b) fund a strategic marketing plan for the worldwide release of the SellaBand album in 2010. Public Enemy has created an exciting incentive plan for Believers and looks forward to successfully completing fund raising by the end of 2009.