Return of the Community Bard?
Think of your investors (fans) as micro-investors. Convince them with a pitch (first album) and then ask them to support your future ventures (albums or more likely individual songs). Those above a certain dollar amount can share the returns, while the rest can enjoy your product at a level affordable to them.
Ari Hest has already pioneered this with his 52 idea.
Is the iTunes pass the first step along mass adoption of this strategy?
Sign up for my newsletter.