SANTA MONICA, Calif., Feb. 5, 2019 /PRNewswire/ -- Raised In Space Enterprises (www.RaisedInSpace.com), is the first of its kind investment group guiding extraordinary founders in creating innovative solutions for the music industry, from inception to market adoption. In addition to its business, its organizational mission is to create a community of experienced music and tech leaders focused on raising the value of music. With the traditional music industry in need of innovation across the entire value chain (creation, registration, distribution, fan-engagement, touring/ticketing, monetization), Raised In Space will forge proactive collaboration between music and technology with investments ranging from $500,000 to $5 million. Raised In Space will leverage its partnership with Ripple's Xpring to integrate blockchain and the digital asset XRP where it can most powerfully benefit and impact the music industry.
Raised In Space is founded by Ithaca Holdings, industry leader and former President of BMG, Zach Katz, and Ripple's Xpring, an initiative focused on helping innovative blockchain projects. Rounding out this core team is Forbes 30 Under 30 tech and music entrepreneur, Shara Senderoff. This venture will identify, invest in and provide unparalleled hands-on guidance to revolutionary companies.
Founder of Ithaca Holdings, Scooter Braun, has guided the careers of some of the biggest pop-culture icons through his company SB Projects and proven to be a powerful champion of creators and believer in technology as an early investor in numerous tech companies.
"The relationship between music and tech has massive untapped potential," said Braun. "I'm excited to launch a company focused on bridging these two industries in a transformative and actionable manner that raises the value of music".
Zach Katz, universally recognized as a true artist champion, both on the outside (as a music attorney, manager and label founder) and most recently as President of BMG on the inside, joins as CEO and partner to return to his entrepreneurial roots as the leader of the Raised In Space venture and community.
"Writing the check is easy. Hands-on guidance, time, and strategy is the real investment," says Katz. "There has to be consistent collaboration and conversation – we get into the bones of these companies to help them see and reach their highest potential. We will unify the most forward-thinking leaders (the outliers, the out of this world thinkers who feel like they were raised in space) in both music and tech to foster community and ideas that will ultimately catapult the music industry into the future."
"We're excited about blockchain's potential to solve problems in the entertainment space - from new ways to monetize creative content to innovative fan engagement models that were not previously possible. Xpring is about empowering the best entrepreneurs to apply technologies like the XRP Ledger in new and novel ways," said Ethan Beard, SVP of Ripple's Xpring. "Raised In Space is an extension of that effort, and we couldn't ask for better partners than Zach, Scooter and Shara. Forming the company is an important first step, now we're excited to see how the entrepreneurs they back will build new solutions that can reshape the music industry."
Raised In Space is headquartered in Santa Monica, California.