Sherry Saeedi's Verswire isn't just another record label—it's a movement. By combining venture capital backing with artist development, Saeedi and her partner—Mark Hoppus , Pete Wentz , and Nick Lippman —are challenging the industry's status quo, offering musicians a fairer, more equitable path to success.
from E.O.A. Productions and idobi Radio, with additional funding from other investors, to launch a new publishing arm with Kobalt Music Group in 2024. The company also announced the signing to its label roster alt-rock duo Girlfriends, composed of Travis Mills and Nick Gross. Saeedi started her career in music management at the age of 16 and later co-founded Veeps, a ticketing platform. During the pandemic, she pivoted to streaming live and subsequently sold her company at a $30 million valuation. Her experiences in the music industry led her to recognize the need for a new approach to artist development and funding.
The music industry, often steeped in tradition and resistant to change, made convincing others to embrace a new way of doing things a significant challenge.