Derek Sivers

Derek Sivers
Born September 22, 1969
United States
Occupation Entrepreneur, businessman

Derek Sivers (born September 22, 1969)[1] is best known for being the founder and former president of CD Baby, an online CD store for independent musicians.[2] A professional musician (and circus clown) since 1987, Sivers started CD Baby by accident in 1997 when he was selling his own CD on his website, and friends asked if he could sell theirs, too. CD Baby went on to become the largest seller of independent music on the web, with over $100M in sales for over 150,000 musician clients.

After he won the 2003 World Technology Award, Esquire magazine's annual "Best and Brightest" cover story said, "Derek Sivers is changing the way music is bought and sold . . . one of the last music-business folk heroes."

In 2008, Sivers sold CD Baby to focus on his new ventures to benefit musicians, including his new company, MuckWork, where teams of assistants help musicians do their "uncreative dirty work". His current projects and writings are all at sivers.org.

In June 2013, Sivers launched his new company, Wood Egg, which publishes annual guides on how to build companies in Cambodia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Mongolia, Myanmar, Philippines, Singapore, Sri Lanka, Taiwan, Thailand, and Vietnam.[3]

Sivers resides in Wellington, New Zealand. [4]

CD Baby

Main article: CD Baby

Derek Sivers bequeathed his company to a charitable trust for music education, and had them sell it to Disc Makers. This agreement allows him to receive the minimum allowed by law for such agreement of 5% per year of the company's sale price (annually $1,100,000 pretax, based on a sale price of $22 million as reported by Sivers)[5] until death, while upon death the remainder if any will ultimately go into the trust.[5]

Bibliography

References

  1. ↑ "I moved to Singapore". 2011-06-04.
  2. ↑ Small, M (2009). "Berklee Today". Indie Musician Advocate
  3. ↑ "Wood Egg - 2014 Startup Guides". 2013-06-10.
  4. ↑ https://twitter.com/sivers/status/500845887480803328
  5. ↑ 5.0 5.1 Why I gave my company away to charity.
  6. ↑ Derek Sivers. Anything you want. The Domino Project. ISBN 978-1-936719-11-2.

External links