Gumroad Teams with Artists for Direct-to-Fan Music Sales

Gumroad is a new platform for creators to sell their work via social networks. Five artists – Brendan Benson, Chris Willits, Martin Sexton, Modern Superstitions, and Shadows on Stars – have teamed with the service to sell their music directly to fans.

Gumroad was founded by Sahil Lavingia, who previously built the Pinterest app and the app, and is funded by Chris Sacca and SV Angel, among others.

Gumroad takes just a 5% cut plus $0.25 across the board, and artists can set their own prices or adopt a pay-what-you-want model. Artists’ payouts match Amazon or iTunes at the lowest pricing, and at higher pricing, Gumroad payouts are higher than Amazon or iTunes.  Gumroad also provides sellers will full analytics at no additional charge. Check out Gumroad’s demonstration video below…