Forbes has named Toronto entrepreneur Derrick Fung, the 26-year-old behind music experience platform Tunezy, as one of the magazines "30 Under 30" list for music, listing him alongside heavyweights such as Drake (another Toronto native) and Lady Gaga.
Tunezy allows fans to pay for unique music experiences such as backstage passes and meet and greets with their favourite artists.
"We knew that the music industry was in trouble," Fung is reported as saying in a recent interview from New York. "We saw that more and more artists were not making their money in selling their actual music."
Fung worked in investment banking but quit his job two years ago to pursue his love of music.
"If you're a young person and you have dreams and ambition, there’s nothing stopping you from creating the next Google or the next Facebook," he says in the article. "That's what drives me."
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Original Source: The Canadian Press