So, I recently started an independent record label with my cousin who works for a division of Apple. It's no money maker necessarily but more of a "learn-by-doing" kinda thing. It's great because we both care a lot about music (of several genres and decades) and my cousin loves the business side of things.
The first band we have signed our my very good friends, louellen. Check out their myspace here. If you're a fan of Elliott Smith, Sonic Youth, The National or Interpol then I really cannot recommend them enough. Their ep is out next month on 7Ravens and you will be hearing a lot from them. They recently headlined the Camden Barfly in London. Check out their thread here and follow them on twitter also.