Launch

Launch

We make music work for everyone - artists, venues and fans!

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Security Type
SAFE
Categories
Other
Min Investment
$35
Location
New York, NY
Offering Date
June 06, 2020
Expected Close Date
September 04, 2020
Target Raise
$50.00K-$107.00K
Deal Notes

35.0% discount

$25K+ pro rata right threshold

Valuation
$8,000,000

Company Description

We create, promote, and produce live musical performances, online and in real life. We are an artist co-op, a virtual concert venue, and an unlimited live-music subscription service. We are a community of artists that supports and celebrates each other and we share our revenue with our artists and build everything together!

Perks

$250+ for Free Launch Live membership for a year and a lifetime 10% discount on all Launch memberships you purchase!
$500+ Free entry to all Launch events for a year (All you can eat plan!) and a lifetime 15% discount on all Launch memberships you purchase!
$1,000+ Free VIP membership for a year and a lifetime 20% discount on all Launch memberships you purchase!
$10,000+ Free lifetime Platinum membership and a 30% discount on all Launch memberships you purchase!

Key Deal Facts

Assist independent artists in making music their career.
Make independent music more accessible worldwide.
Celebrate and support independent artistry.
Rapid growth in our infancy, rapid COVID pivot, reflexive innovation.

Use of Proceeds

If $50,000 is  raised:

Initial infrastructure and basic startup cost. Streaming infrastructure - $30,000 Initial staffing and production - $6,250 Marketing & UI - $5,000 Legal & Startup costs - $5,000 Wefunder fee - $3,750

If $107,000 is raised:

Hiring marketing and production managers - $48,975 Initial infrastructure and basic startup cost. Streaming infrastructure - $30,000 Initial staffing and production - $10,000 Marketing & UI - $5,000 Legal & Startup costs - $5,000 Wefunder intermediary fee - $8,025

Management Team / Advisory Board Bios

Brian Stollery
CEO
Architecting a large media group's virtual concert and live-streaming operations, bringing independent live music to numerous festivals, and generating a full business pipeline for a revolutionary music start-up.

Hester Li
COO
Managing massive shows at Beacon Theatre and Town Hall while building an extensive and diverse career in corporate project and operational management.

Wesley Powell
Co-Founder
Using a deep entrepreneurial career in technology, processes, and systems to build and support a team capable of transforming the business of live music performance and consumption.

Deal Notes

35.0% discount

$25K+ pro rata right threshold

Amount Raised : $16,865
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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