That seems to be the tone that was taken at the Billboard Music and Money Symposium in New York on Thursday, where venture capitalists voiced their concerns for putting money into ventures that were so susceptible to law suits. An article for the Wall Street Journal reported on the symposium. According to the article, digital music start-ups have only identified two revenue streams: sale of digital goods or advertising. The sale of digital goods has become burdensome because of increased licensing price points and the transaction costs associated with obtaining the licenses from all the record labels. Ever since YouTube effectively created a business model on unauthorized copyrights, however, the RIAA has taken a tough enforcement position for its members’ rights. This has made it hard for new start-ups to provide revenue streams worthy of venture capital investments.
Ian McClure is a former corporate & securities and intellectual property law attorney with 
Trevor M. Blum is a former Associate in the Chicago-based, valuation practice group of Ocean Tomo, LLC., an intellectual property (IP) consultancy. Additionally, he provided instrumental research support to Intellectual Property Exchange International, Inc., an IP exchange start-up. Trevor holds a B.S. from Indiana University and is currently an MBA candidate at the University of Cambridge, focusing on international business and finance. His interests also include entrepreneurship, economics, and informational visualization. He enjoys running and cycling in his free time. Trevor seeks to bring a transnational business perspective to the blog. 
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