The American dream is based upon the idea that if you work hard, you can achieve anything with the freedom that the United States offers. Almost any industry in America has proven this to be true, especially the tech boom in Silicon Valley where multi-billion dollar company have been founded in homes, garages, small offices, and the liking. Many people know that Silicon Valley is also home to a plethora of venture capitalists and investors who look for prospering businesses to help expand.
The music industry used to be based upon big corporations and labels that controlled how music was distributed, where, and who succeeded. But since the explosion of EDM, a group of self-driving, dance-loving entrepreneurs have emerged to fuel the fire and grow EDM into the $6 billon plus industry it is today. After looking at the EDMbiz 2015 final panel program, it seems that venture capitalists are now playing a much more involved role in the EDM industry due to its exponential growth, and a panel, Chasing the Dream: Entrepreneurship and Funding, is set to be held to discuss the matters at hand.
The beauty of the dance music scene is that any upstart can have a change. The American dream is possible and has been proven. But what if these upstarts gained funding to grow their ventures at a much quicker rate?
It demonstrates how far the scene has come and the degree to which funders believe that the scene can go in the future. This panel marks the integration of not only the financial industry into EDM, but also the expansiveness in where the entities with the backing funds believe it can go. Beyond technology, EDM has already proven that it can be a vital partner with other brands to create successful, mutually beneficial relationships. With a loaded bank account, the growth of some companies can happen in less time leaving them with more room to innovate and less roadblocks to push the scene forward.
Beyond just the financial aspect, this panel is set to discuss the broader issues of entrepreneurship as well and is sure to be an insightful event for those looking to break the mold and spearhead their own venture. Chasing the Dream: Entrepreneurship and Funding will be exclusively happening at EDMbiz 2015 so be sure to grab you badges while you still can.