mySongbird

mySongbird

Early Stage

The ultimate destination for streaming music concerts

The ultimate destination for streaming music concerts

Overview

Raised this Round: Raised: $295,705

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/11/2021

Close Date

08/26/2021

Min. Goal
$200,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.10

Pre-Money Valuation

$14,600,000

Year Founded

2020

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Mesa, Arizona

Business Type

Growth

mySongbird, with a pre-money valuation of $14.6 million, is raising funds on Wefunder. It is an OTT platform for streaming music concerts. The app will revolutionize the music industry with its ultimate concert viewing experience that aligns the interests of artists, fans, and the world as a whole. Michael Mountford founded mySongbird in September 2020. The current crowdfunding round has a minimum goal of $200,000 and a maximum goal of $1,070,000. The raise proceeds will target advertising, installment payment on loan taken for purchasing music license fees for concerts, and expansion of the content library. mySongbird has recently added a show catalog from Universal Music Group and expanded its memberships.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$20,858

$0

COGS

$1,250

$0

Tax

$36,202

$0

 

 

Net Income

$-1,382,804

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$269,893

$0

Accounts Receivable

$0

$0

Total Assets

$2,075,892

$0

Short-Term Debt

$448,913

$0

Long-Term Debt

$2,122,223

$0

Total Liabilities

$2,571,136

$0

Financials as of: 03/11/2021
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mySongbird on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $14,600,000
Price per Share: $0.10

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