You might want to read <a href="http://www.portfolio.com/culture-lifestyle/culture-inc/arts/...">this article from Portfolio magazine</a> before you approach investors: they read plenty of things too and are well-aware of the problems with the industry. The big question you have to answer is whether you can make money in the kind of environment described by the article.

Anyway, not to ask the obvious, but have you applied to YC?