Live Music Tutor

Live Music Tutor

Closed: Jan. 2022

About this raise

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.

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Investment Overview

Invested this round: $54,581

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/09/2021
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    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$36,320,290

Company & Team

Company

Year Founded
2011
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Winter Springs, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
14
Prior Founder Exits?
No
Founder Name
Ted Gee
Title
CEO

Financials

 Revenue +1% YoY
$160,797
 Monthly Burn
$15,689
 Runway
0.2 months
Gross Margin
49%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/07/2022 StartEngine $36,320,290 $54,581 Equity - Common Funded RegCF
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Add to portfolio
Live Music Tutor on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $36,320,290
Price per Share: $5.00

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Warning: according to the close date for this deal, Live Music Tutor may no longer be accepting investments.

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