“We want to invest in a game where the playing of the game includes all the roles of the music business, and the output of the game is real music and real pop stars. I’ve been trying to make this investment for three years. I feel it’s inevitable…”
If that startup exists, Bob Moczydlowsky, MD of the Techstars Music accelerator, is determined to find it. In fact, he’s looked at around a dozen startups during that last three years who were close but not quite the “full musical Hunger Games” venture that he can see clearly in his head.
“All of the parts are out there, and all of the consumer viewing/entertainment habits too. We have television shows that do this, it’s been predicted in pop culture a lot… Maybe there’s some structural reason why it wouldn’t work, but I feel it’s time for that to exist!”
Perhaps it’ll be fourth year lucky for Moczydlowsky and Techstars Music. Today, the accelerator is announcing its plans for its fourth cohort of startups in 2020, with plans for a ‘recruiting tour’ that will visit New York, Los Angeles, Tokyo, Brisbane, Sydney, Nashville, Atlanta, London, Berlin, Helsinki, Paris and Stockholm in the next few months, scouting for startups.
By December, 10 startups will have been chosen to join the 2020 Techstars Music programme, which kicks off in early February, taking $120k of investment each in the process.
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Source: Music ally