My guest today is Marzio Schena who is the CEO and Co-founder of ANote Music, the European marketplace for investing in music royalties. Investors often invest in alternative class of assets to diversify their holdings. Sounds like a good idea, right? But how easy is it to really build a business based on uncommon asset classes and what are the challenges a startup faces in doing so. That was the focus of my discussion with Marzio Schena.
- [2:57] - How does Anote work?
- [6:32] - How do you convince investors to invest in music as an asset class where timeline and expected cash flows are unpredictable?
- [10:44] - What songs or artists make ideal suppliers in Anote?
- [16:37] - How do you value music and does it require a certain sophistication on the investors side?
- [18:40] - Since you launched the platform, what are you seeing as yields/returns for investors?
- [20:38] - How are you going to market? Finding investors and catalogs?
- [22:28] - Why have other marketplaces for music royalties failed and what are you doing differently?
- [25:57] - What factors are most important for the sustainability of marketplaces like Anote?
- [28:04] - What did you need to do to get regulatory approval for Anote?
- [32:51] - What were some of your biggest failures in your early days and what did you learn from it?
- [34:57] - What are the biggest challenges currently facing your company?
- [36:13] - Advice for other entrepreneurs and your future plans
What is The European Startup Show?
To inspire technology entrepreneurs in Europe with stories and practical strategies from other successful entrepreneurs.
If you are a CEO, founder, or work in sales or marketing, and your company is based in Europe or is looking to expand into Europe, then this podcast is for you.