Live Music Tutor
Early Stage
Changing the Way the World Learns Music
Overview
Raised: $54,581
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/08/2021
Close Date
01/07/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$200
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$36,320,290
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$257
# of Investors
44
Momentum
Funded
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Year Founded
2011
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Live Music Tutor, with a pre-money valuation of $36.3 million, is raising crowdfunding on StartEngine. The company has developed a platform for users to learn any instrument online, at any age, any time, and anywhere. The platform connects students, instructors, and music enthusiasts from across the world. Ted Gee founded Live Music Tutor in July 2011. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used to revolutionize music education. Live Music Tutor is led by a proven leadership team and works on safe, convenient, and affordable technology.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$160,797 |
$158,076 |
|
COGS |
$82,670 |
$49,693 |
|
Tax |
$49,693 |
$0 |
| ||
| ||
|
Net Income |
$-188,266 |
$-105,231 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,501 |
$4,652 |
|
Accounts Receivable |
$371,165 |
$373,868 |
|
Total Assets |
$1,733,241 |
$1,862,720 |
|
Short-Term Debt |
$94,253 |
$207,866 |
|
Long-Term Debt |
$1,491,900 |
$1,491,900 |
|
Total Liabilities |
$1,586,153 |
$1,699,766 |
Financials as of: 06/08/2021
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