Nashville music startup TweelX gives investors a shot at sharing royalties
Jan 5, 2013 at 6:29 AM
If you’ve ever heard a song and known instantly it would be a hit or said you wish you had a dollar for every time you heard a particularly catchy tune, TweelX might be a company after your own heart.
The Nashville startup plans to sell shares of songs, in the form of a percentage of publishing royalties, to individuals, record labels and anyone else willing to part with $100 or more per investment.
“It’s kind of like speculating in stock futures,” said Jeff Tweel, who created the company with his son, Chase Tweel, and serves as its chief operating officer. “Or, as my Texas friends say, ‘Finding oil while it’s still in the ground.’”
Read the full story on The Tennessean website.