Derek Sivers sells CDBaby.com for $22M

Derek Sivers sells CDBaby.com for $22M


Oct 23, 2008

The cat’s name is Derek Sivers and back in 1998, he created the website, CD Baby, as a personal need to help fulfill his personal passion (making music) and selling that music online to make a living.

    A professional musician (and circus clown) since 1987, Derek started CD Baby by accident in 1998 when he was selling his own CD on his website, and friends asked if he could sell theirs, too. CD Baby was the largest seller of independent music on the web, with over $100M in sales for over 150,000 musician clients.

   
After he got this website up and running for himself, his other
musician friends asked if he could sell their music on his site and
boom! – a business was born.  Turns out that musicians are good at
making music but perhaps not necessarily the tiny little details of
selling their work and making money.  Hence the agency business.

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