How I Built Resilience: Ethan Diamond of Bandcamp
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
Hello everyone and welcome to How I Built This Resilience Edition from NPR. I'm Guy Raz. Each week. On Thursdays, we invite entrepreneurs and other business leaders to come onto the show live to talk about how they've been building resilience into their businesses this year. And you can join us every Thursday at nine AM Pacific, twelve Eastern on the How I Built This Facebook, Twitter, or LinkedIn pages, or on NPR's YouTube page to hear the live conversation and maybe even ask a question. And today my conversation with Ethan Diamond, the CEO and co founder of Bandcamp.
Bandcamp describes itself as an online record store and music community. Any band or musician can post their music on the site sell it, and also offer merchandise and tickets for live performances, and the artists keep more than eighty percent of the profit. Bandcamp had been steadily growing since its launch in 2007, but last year was its biggest yet. Traffic to the site surged as concerts and festivals.
Mostly shut down. You know, as you said, we're uh essentially an online record store and user community. Where fans connect with artists and directly support them. And uh about half the business is physical records, so vinyl, cassette, CDs, a lot of t shirts as well, and then half the business is uh digital music, so people buy uh digital albums and um digital tracks directly from the artist. And we also recently launched live streaming, so now tickets are part of it as well. But um
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