John Fung is the CEO and co-founder of The Music Fund, a startup company that issues advances to artists for their streaming revenue. They're not a record label even though labels are typically the ones offering advances to artists. They are innovating and disrupting in the music industry, and John goes over their business model.

One of the biggest reasons that artists sign with major record labels is for the upfront cash.  The advance is very attractive for artists getting a 6- or 7-figure check waved in front of their face - even if it...