http://blog.bandcamp.com/2010/01/25/mus ... ing-bcwax/
For BCWax, A&R consists of browsing through aggregate system stats, seeing which bands are exhibiting the early signs of success, giving them a listen, and discovering favorites. Production and manufacturing consists of taking an already excellent recording and coordinating the production of an awesome physical package around it. Distribution is Bandcamp itself. And the record “deal” is nothing more than a co-marketing agreement, where we recoup our manufacturing costs and then share the profits with the artist (but take no ownership rights in the music). It’s a model that diverges enough from a traditional label role that it seems wrong to even call it a label. “Unlabel” maybe? Yeah, OK, maybe not.