Community Musician

Early Stage

Revolutionizing the Music Industry

Analytics

Raised to Date: Raised: $35,167

Aggregate Commitments $

Platform

Netcapital

Start Date

09/27/2022

Close Date

12/16/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$1.00

Pre-Money Valuation

$26,000,001

Rolling Commitments $

Status

Active

Reporting Date

11/30/2022

Days Remaining

16

% of Min. Goal

352%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$549

Momentum
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Location

Dallas, Texas

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Community Musician, with a valuation of $26 million, is raising funds on NetCapital. The entertainment technology company is revolutionizing the music industry by introducing its patent-pending technology. The technology of Community Musician is focused on providing a blockchain-based platform, an app, collectible music cards, artist sourcing, and rehearsal space rental to creators to help them turn their passion for music into a career. Scott Arey founded Community Musician in March 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the acquisition of rehearsal space and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$255

$14

COGS

$3,022

$0

Tax

$0

$0

 

 

Net Income

$-166,194

$-69,516

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,746

$1,093

Accounts Receivable

$0

$0

Total Assets

$359,233

$317,477

Short-Term Debt

$1,732,510

$1,532,227

Long-Term Debt

$0

$0

Total Liabilities

$1,732,510

$1,532,227

Financials as of: 09/27/2022
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Community Musician on NetCapital 2022
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Platform: Netcapital
Security Type: Equity - Common
Valuation: $26,000,001

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