Startup Idea : Music crowdfunding

It's easy to assume that everyone loves music, but do we all love what's being played commercially? I have started an online label that is called First Few Steps with the slogan that says A label for the unknown. The truth is that I have always wanted to share the talents of others with the world, but the bitter truth is that there's a lot of competition to get to the listener's ear. The best advantage of music is that royalties will always exist and this is where I would share the profits with those that are involved. Secondly, your funding could help more than one song, which means that even if you contribute a once off amount, that amount could be divided into 2 or more songs, giving you a portfolio of music to earn royalties from more than one song. The talent is everywhere to be found but it desperately needs promotion and I hope that fellow music lovers will at least consider this idea.