Behind the Scenes of The Rattle's Secretive Artist Co-Op

Samson Amore

Samson Amore is a reporter for dot.LA. He previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Samson is also a proud member of the Transgender Journalists Association. Send tips or pitches to samsonamore@dot.la and find him on Twitter at @Samsonamore. Pronouns: he/him

Behind the Scenes of The Rattle's Secretive Artist Co-Op

The Rattle opened a studio in Silver Lake last year, which it operates as something between a startup accelerator, art co-op, coworking space and venture studio. Its goal is to rethink the way musicians and artists are compensated for creating something new or groundbreaking.

"In the music economy, artists are treated like writers of music for some label or publisher, so that the grown-ups can go and sort it out afterwards," said Chris Howard, CEO of The Rattle. "We wanted to see if we could translate the principles of startups and entrepreneurship to artists."

This week, the Los Angeles and U.K.-based creative collective announced its first investments into Los Angeles-based companies.


The Rattle CEO Chris Howard

They include a virtual reality tour guide platform, Animas, created by musician and artist Alexandria Rowan and FINKEL, an artist group that uses film and music to encourage people to explore new cultures.

Roughly 8,000 people have applied to join The Rattle since it launched in 2018, but it's only accepted about 400 artists and white-hat hackers between the U.K. and United States, according to its program director Brittaney Bunjong.

Only about 5% of applicants are accepted into its membership program. Only about 10% of those members receive a capital investment from the organization.

"I've found having outside eyes to provide direction on my choices as an artist and entrepreneur, learning about opportunities available to me, all has been appealing," Rowan said. "The co-working part of the process and getting to hang out with like-minded people has been wonderful."

The Companies

Rowan uses virtual reality to create tours of cities for new residents and help them meet their neighbors, an effort she sees as complementary to trends exacerbated by the pandemic, when people working from home in shut-down cities opted to move to more affordable locations.

Animas will hold a demo event using its VR in October. The team will pick a small, relatively unexplored city (sadly, Los Angeles is neither) to host and showcase local artists and vendors. The event will also encourage residents to purchase local art and get active by using the technology to do an augmented reality scavenger hunt.

FINKEL's co-founders are husband and wife duo Brian and Jane Spencer, They're musicians who started a band of the same name but wanted to expand into filmmaking. After a failed attempt at recording a concert in Antarctica during the pandemic, the couple began experimenting with other ways to use film to expose local musical talent and culture.

Their first project, called "Islanders," will debut this year; it'll be a multimedia project examining the local artist culture in Mackinac Island in Northern Michigan.

A Finance Model for Artistic Provocation

The Los Angeles group is no more than 150 people who pay a $125 monthly fee to access the office space, engineering support and networking.

Howard said the Rattle doesn't make a profit from membership fees but instead takes equity in the startups it co-founds.

"The goal is to help them become financially independent," Howard said. "We deliberately shifted to an equity business model, so that if we're going in hard with members, then we will only commercially succeed when they commercially succeed -- and that's a philosophical difference between ourselves in the music business."

Eligible startups will receive funding from The Rattle for the first year of their operations plus access to its studio and creative space at the historic Mack Sennett Studios in Silver Lake. The Rattle declined to provide details on funding.

"We did so many experiments with how to finance an artist early on, so that they can be a great artist and a great business builder at the same time," Howard said, adding that musicians are forced into making money in only one or two significant ways: selling the rights to reproduce the music, or performing. "But if you establish your own company right from the very beginning and build that company as your artist's brand, you can enter any industry you want," he said

Howard told dot.LA it'd been testing the model for about two years before making investments, thought it has helped launch or develop 40 companies to date, he said.

"We partner with specific members in our community who we believe are making the most provocative or the most challenging projects and we co-found a brand new company," Howard said.

The Rattle has raised $3.5 million to date and is backed by Crowdcube, the Future Fund, London-based Dig Ventures and European investment firm LeanSquare. Former Virgin Music managing director Steve Lewis and Outrun Ventures Partner Chris Adelsbach also backed The Rattle as angel investors.

Subscribe to our newsletter to catch every headline.

Cadence

Illumix Founder Kirin Sinha On Using Math to Inform Creative Thinking

Yasmin Nouri

Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.

Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.

Illumix Founder Kirin Sinha
Photo courtesy of Illumix

Kirin Sinha wanted to be a dancer. When injury dashed that dream, she turned to her other passion: math.

On this week’s episode of the Behind Her Empire podcast, host Yasmin Nouri talks with the founder and CEO of augmented reality (AR) technology and media platform Illumix.

Read more Show less

Rael Raises $35M To Grow Its Organic Feminine Care Brand

Kristin Snyder

Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Rael Raises $35M To Grow Its Organic Feminine Care Brand
Courtesy of Rael

Rael, a Buena Park-based organic feminine care and beauty brand, has raised $35 million in a Series B funding round, the company announced Wednesday.

The funding was led by the venture arms of two Asian companies: Japanese gaming firm Colopl’s Colopl Next and South Korean conglomerate Shinsegae Group’s Signite Partners. Aarden Partners and ST Capital also participated, as did existing investors Mirae Asset and Unilever Ventures.

Read more Show less

E-Scooter Companies Are Quietly Changing Their Low-Income Programs in LA

Maylin Tu
Maylin Tu is a freelance writer who lives in L.A. She writes about scooters, bikes and micro-mobility. Find her hovering by the cheese at your next local tech mixer.
E-Scooter Companies Are Quietly Changing Their Low-Income Programs in LA
Photo by Maylin Tu

When Lime launched in Los Angeles in 2018, the company offered five free rides per day to low-income riders, so long as they were under 30 minutes each.

But in early May, that changed. Rides under 30 minutes now cost low-income Angelenos a flat rate of $1.25. As for the five free rides per day, that program ended December 2021 and was replaced by a rate of $0.50 fee to unlock e-scooters, plus $0.07 per minute (and tax).

Lime isn’t alone. Lyft and Spin have changed the terms of their city-mandated low-income programs. Community advocates say they were left largely unaware.

Read more Show less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending