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Edited Text
Megan
Himel
Berklee
College
of
Music,
Valencia
Culminating
Experience
Reflection
Paper
Due
July
3,
2015
Crowdfunding
and
the
Music-‐Making
Paradigm:
A
Case
on
PledgeMusic
This
document
contains:
Reflection
Paper
MEGAN
HIMEL,
CE
REFLECTION
PAPER
2015
|
1
OF
10
Summary
My
Culminating
Experience
was
one
of
the
options
presented
at
the
beginning
of
the
school
year,
open
for
application:
a
case
study
and
accompanying
teaching
note
on
PledgeMusic.
This
project
fell
somewhere
between
a
research
and
consulting
project:
it
required
a
great
deal
of
investigation
into
one
company
(PledgeMusic),
while
being
in
the
service
of
another
institution,
Berklee’s
soon-‐to-‐be-‐formed
publishing
entity.
Moreover,
it
is
written
based
on
the
standards
for
a
case
and
teaching
note
as
established
by
Case
Centre,
rather
than
one
of
the
4
styles
presented
during
our
Music
Business
Seminar.
Results
The
case
and
teaching
note
I
am
submitting
for
this
CE
is
a
work
in
progress.
The
information,
story,
and
teaching
method
are
completed,
but
will
be
subject
to
revision
by
Alexandre
Perrin
(who
is
co-‐authoring
this
with
me)
and
the
approval
of
Benji
Rogers
(Founder
and
President
of
PledgeMusic).
Once
these
revisions
by
parties
other
than
myself
are
completed,
supporting
documents
(such
as
worksheets
or
slides)
can
be
generated.
Since
Berklee’s
publishing
entity
will
not
be
ready
until
the
end
of
2015
or
early
2016,
we
have
some
leeway
in
taking
this
through
the
remainder
of
the
editing
and
publication
process.
MEGAN
HIMEL,
CE
REFLECTION
PAPER
2015
|
2
OF
10
Process
I
dove
into
this
project
with
very
misaligned
expectations.
I
did
not
fully
understand
the
difference
between
a
case
study
(as
a
standard
research
method)
and
a
case
for
the
case
method
of
teaching.
Prior
to
my
attendance
at
Berklee,
I
had
never
been
exposed
to
the
case
method,
although
it
was
common
for
my
teachers
(and
myself,
as
a
teacher)
to
reference
and
engage
with
different
research
and
publications
as
part
of
the
coursework.
I
began
much
more
research-‐focused:
I
wanted
to
learn
as
much
about
what
made
PledgeMusic
tick
as
possible.
I
read
literature
on
the
music
industry,
on
crowdfunding,
and
PledgeMusic.
I
may
have
read
every
article
about
Benji
Rogers
and
PledgeMusic
ever
published.
The
more
I
learned,
the
more
questions
I
had,
and
the
less
certain
I
was
about
the
direction
of
the
case.
Meanwhile,
my
personal
interests
at
Berklee
were
changing.
Instead
of
focusing
on
curriculum
development,
my
attention
began
to
turn
to
marketing.
Specifically,
I
began
to
wonder
about
consumer
insights
and
the
appropriate
application
of
that
knowledge.
PledgeMusic’s
model
of
selling
to
the
superfan
in
a
way
that
lets
them
engage
at
whatever
price
point
they
desire
while
incentivizing
pre-‐payment
and
social
sharing
through
behind
the
scenes
content
is
an
excellent
consumer
insight,
based
on
Benji’s
gut.
I
grew
curious
about
the
kind
of
data
a
pool
of
early
adaptors
could
provide,
and
very
much
wanted
to
redirect
my
research
into
an
analytics
capacity
–
there
were
so
many
potential
insights
that
it
was
addictive.
In
pursuing
this
line
of
inquiry,
I
learned
three
things:
first,
the
type
of
information
I
wanted
to
uncover
was
something
people
MEGAN
HIMEL,
CE
REFLECTION
PAPER
2015
|
3
OF
10
were
willing
to
pay
a
premium
for;
second,
the
scale
of
analytics
I
was
curious
about
was
beyond
the
scope
of
my
CE,
and
something
that
organizations
pay
analysts
hundreds
of
thousands
of
dollars
a
year
to
generate,
and;
finally,
in
PledgeMusic’s
eyes,
the
data
belongs
to
the
artist.
Using
it
for
other
purposes
requires
permission.
With
this
line
of
inquiry
was
taking
me
in
one
direction,
I
was
struggling
to
schedule
interviews
and
acquire
the
information
I
wanted.
The
interviews
I
conducted
occurred
in
March
and
April,
pushing
back
my
writing
process.
I
learned
that
the
marketing
data
I
was
interested
in
was
not
available
to
me
in
the
depth
I
desired
for
a
comprehensive
case;
much
more
information
was
available
for
an
introductory
business
model
case.
The
direction
of
the
case
was
something
I
could
not
know
until
I
conducted
the
interviews
and
requested
data,
but
I
made
the
mistake
of
reading,
researching,
and
preparing
intensely
in
advance
of
these
interviews
and
data
requests.
My
vision
for
where
I
wanted
the
case
to
go
was
dramatically
different
from
where
the
information
PledgeMusic
was
able
to
share
with
me
would
allow
me
to
go
while
maintaining
quality.
If
I
were
to
do
this
again,
I
would
have
done
a
brief
review
of
Benji
and
PledgeMusic,
conducted
one
or
two
interviews
and
data
requests,
and
then
done
a
follow
up
literature
review
based
on
the
direction
that
information
pointed
me.
If
I
had
followed
this
method,
I
would
have
been
significantly
more
efficient.
As
it
stood,
however,
the
end
of
April
rolled
around
and
I
had
finally
collected
all
I
was
going
to
acquire
from
Benji
and
PledgeMusic.
I
could
no
longer
fight
the
direction
the
case
was
going,
and
I
had
to
abandon
much
of
the
information
I
was
looking
into
in
MEGAN
HIMEL,
CE
REFLECTION
PAPER
2015
|
4
OF
10
order
to
find
more
relevant
information
for
the
case
as
business
them,
rather
than
a
marketing
one.
Lesson
plans
are
simple
for
me
–
and
a
teaching
note
is
basically
a
detailed
lesson
plan,
therefore
not
a
problem.
The
surprising
struggle
I
had
was
writing
the
case
itself.
The
style
is
different
than
most
writing
I’ve
done
in
the
past,
and
a
good
case
plays
with
the
information.
I
discovered
that
not
only
to
I
need
to
withhold
information
in
a
case,
but
I
need
to
place
information
in
the
story
in
a
way
that
forces
students
to
judge
both
what
is
useful,
and
how
to
organize
and
apply
the
useful
information.
I
err
on
the
side
of
including
too
much
and
being
too
straightforward,
so
writing
the
case
has
been
an
interesting
exercise
that
goes
against
my
instincts.
It
was
also
a
significantly
longer
process
than
I
anticipated.
In
fact,
I
wrote
the
case,
then
deleted
half
of
it
when
I
went
back
in
for
the
teaching
note.
Next
Steps
The
next
steps
for
this
case
is
to
go
to
Alexandre
Perrin
for
revision,
and
then
to
Benji
Rogers
for
approval.
From
that
point,
we
will
generate
the
appropriate
teaching
materials
(worksheets,
slides,
etc.)
and
submit
for
publication.
Publication
will
not
occur
until
late
2015
or
early
2016
due
to
the
lack
of
a
publishing
entity
at
Berklee
right
now.
Berklee
is
in
the
process
of
creating
an
entity,
and
this
case
is
slotted
to
be
the
first
publication.
MEGAN
HIMEL,
CE
REFLECTION
PAPER
2015
|
5
OF
10
Contribution
to
the
Discipline
and
Profession
This
case
will
be
published
and
made
available
to
music
business
classrooms
everywhere.
It
explores
business
models
in
the
context
of
(a)
crowdfunding,
and
(b)
music.
Impact
on
Me
The
most
valuable
thing
I
drew
from
this
project
was
the
value
of
consumer
insight.
Even
though
PledgeMusic
goes
with
its
gut
and
general
observations,
the
activities
at
PledgeMusic
have
the
power
to
reveal
very
interesting
trends.
I
am
curious
about
the
things
we
can
learn
by
looking
closely
at
those
who
love
music
–
they
are
the
early
adopters
of
musical
innovations,
and
have
the
potential
to
function
as
a
early
warning
system
for
the
next
trends
in
content
and
engagement.
More
importantly,
I
am
interested
in
how
that
information
can
and
should
be
used
to
improve
the
fan
experience
and
the
artist’s
financial
sustainability.
Other
I
haven’t
decided
whether
I
love
or
hate
this
style
of
writing
and
teaching.
That
being
said,
I
may
have
accidently
signed
myself
up
to
write
another
case
when
this
is
done.
If
I
were
to
do
this
over,
I
would
not
have
done
a
case
on
PledgeMusic.
There
are,
however,
two
cases
I
would
write
related
to
PledgeMusic:
MEGAN
HIMEL,
CE
REFLECTION
PAPER
2015
|
6
OF
10
1. A
marketing
case
based
on
an
artist
launching
his/her
first
PledgeMusic
campaign.
Following
either
the
artist
or
the
campaign
manager,
we
would
examine
best
practices
for
a
PledgeMusic
campaign,
as
well
as
how
to
personalize
the
process
based
on
an
artist’s
goals,
tools,
and
fan
base.
2. An
economic/value
based
case
in
which
an
artist
(or
artist
manager)
needs
to
decide
how
to
go
about
funding
and
releasing
the
artist’s
next
album.
Students
would
have
to
weigh
services
provided
against
cost
to
artist,
comparing
several
options
(traditional
record
deal,
DIY,
bank
loan,
personal
investment,
PledgeMusic,
Kickstarter,
Patreon,
etc.).
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HIMEL,
CE
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PAPER
2015
|
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HIMEL,
CE
REFLECTION
PAPER
2015
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10
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D.
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in-‐2013
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A.
(2013)
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B.
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at:
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B.
(2015)
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21
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B.
(2015)
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11
June.
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at:
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streaming-‐world
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B.
(2015)
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MEGAN
HIMEL,
CE
REFLECTION
PAPER
2015
|
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10
Shah,
R.
(2014)
Innovative
Fund
Rasing
Tool:
Crowdfunding
in
India,
Case
Study.
Bangalore,
India:
Amity
Research
Center
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Z.
(2013)
Crowdfunding
is
Not
an
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Why
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Music
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at:
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Lulu.com
The
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The
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Available
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http://www.theguardian.com/culture-‐professionals-‐network/culture-‐professionals-‐
blog/2013/nov/19/hospital-‐club-‐100-‐list-‐2013#Music
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Appendix
Data
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