Derek Sivers

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Derek Sivers
Derek Sivers, November 2014.jpg
Born (1969-09-22) September 22, 1969 (age 46)
United States
Occupation Entrepreneur, businessman
Notable work CD Baby
MuckWork
Wood Egg
Website sivers.org

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[edit]

Main article: CD Baby

Derek Sivers transferred ownership of his company to a charitable remainder unitrust for music education, and had the trust sell it to Disc Makers. This agreement requires the trust to pay Sivers 5% of the trust's value annually (hypothetically $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 to charity.[5] By most actuarial appraisal methods, the present value of Sivers's charitable gift at the time of transfer was ~$4,000,000, with the present value of the unitrust interest he retained of ~$18,000,000.[6]

Bibliography[edit]

  • Anything you want (2011, The Domino Project)[7]

References[edit]

External links[edit]