GigTown

The Yelp for local music. Discover, book, connect with musicians in your area.

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Security Type
CAFES
Categories
Technology, Entertainment, Art & Collectibles
Min Investment
$100
Location
Carlsbad , CA
No. Investors
23
Website
gigtown.com

Key Deal Facts

🚀 Growth trajectory $240k in 2020, $390k in 2021 - Profitable through the pandemic
💖 8,500+ active artists 90K users
⭐️ Lean operational model; cash flow positive
💡 Modern technology platform built by former Qualcomm engineers alongside professional musicians
💰 Debt free

Management Team / Advisory Board Bios

Brian Wahlstrom CEOInitiatives generated over $550K in artist payments during the pandemic. Lead product from infancy to profitability prior to acquiring the platform in April 2020. Classically trained musician, extensive touring experience (punk rock) 25+ countries., Joe Cardillo National Director - Artists and VenuesTo date have overseen 12.5K successfully completed events booked through GigTown. Implemented artist and venue recruiting strategy leading to 8k+approved artists and 10k+ approved venues, 108k public shows listed., Henry Spindell Technology LeadResponsible for feature development, deployment of the database, servers, web platform, and the iOS and Android clients. Technologies/frameworks/languages employed include Ruby (Rails & Sinatra), Swift, Java, jQuery, MongoDB, and HTML5/CSS3 + others.
Amount Raised : $52,851
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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