Music Industry A-Listers Launch Artist Incubator Fund Verswire

New Fund

VEEPS founder SHERRY SAEEDI, MARK HOPPUS of BLINK-182, and manager NICK LIPPMAN have launched a new venture capital startup, VERSWIRE, aimed at serving as a  development incubator for emerging and established artists. SAEEDI will serve as CEO, with MYIA INGOLDSBY as Director/A&R and Branding and PETE WENTZ as a strategic advisor. Others on the founding team include WARPED TOUR Founder KEVIN LYMAN and GUS BRANDT (HOPPUS, FOO FIGHTERS).

SAEEDI said, “The countless tech solutions that allow artists to make extra money have merely been a bandaid, while no one has fixed the root of the problem: that unfavorable deals do not allow artists to make money or own their music. In witnessing my closest friends put on the back-burner or trapped within the deals they signed while going bankrupt, I didn’t feel like anyone out there was providing the right solution to artists, but rather an iteration of the same archaic business model we’ve seen fail artists time and time again. I decided to build VERSWIRE with an incredible team to re-envision the industry and provide musicians with an alternative that’s truly created with their well-being and careers as the priority.”

HOPPUS added, “I am very excited to help build a new way for bands and artists to create music for communities, while retaining ownership of their work." 

WENTZ said, “I’ve been a fan of SHERRY and the work she’s done for years, and look forward to being part of VERSWIRE’s journey."

LIPPMAN added, “The artist and label relationship needs to be a symbiotic partnership in order to garner absolute success. VERSWIRE is the culmination of this ideology and something I’m proud to be a part of.”

                                                                Saeedi, Hoppus, Lippman

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