Independent music publication Electronic Sound is offering shares to its readers and the wider public via a crowdfunding campaign on Crowdcube.
The monthly magazine is the first UK music title to offer shares to its readers. It is aiming to raise £175,000 with a minimum investment set at just £10. At the time of writing, it has reached over 40% of its funding target with three weeks of the campaign left to run.
“Our readers have been very enthusiastic about the crowdfunding campaign, with over 250 people investing so far,” said Electronic Sound editor and co-owner Chris Dawes, aka Push. “We already have one of the biggest crowds currently on Crowdcube, but there’s still a long way to go to hit our £175,000 target. And if we don’t hit that target, we get nothing.
“This is a fantastic opportunity to own a part of a national music magazine. You may never get another shot at something like this, so it’s a great chance to get involved, even if it’s just a £10 stake. And if everything goes to plan, your stake might make you a bit of money further down the line.”
Crowdcube is authorised and regulated by the Financial Conduct Authority. All investors will receive a certificate outlining the shares they own.
In addition to owning shares in the magazine, a host of rewards for investors are also on offer, including a VIP invitation to a special event for £500+ investors. The event will feaqture the unveiling of one of the world’s rarest synthesisers - the VCS prototype, designed by Doctor Who composer Tristram Cary in the 1960s.
Visit Electronic Sound’s Crowdcube campaign at www.crowdcube.com/electronicsound.