Deal Abstract

Twitch/Discord livestream/engagement meets music fans. Building a new music platform with deep expert DJ’s (think and the columnist) to go niche and upsell the goods that are 4x to fans.

This is a retroactive deal memo, as the company raised $510k in March. I went to a live investor event.


Yes (hypothetically.)

Why Investing/Passing

  1. Right people with experience on music side of business
  2. Interesting take to engagement that has seen success in videogames (Twitch/Discord,) while also being tested in news (
  3. Solid media company, and while it’s impressive that Gimlet sold for $200MM in 5 years of founding, I’d say that’s the exception to the rule. (Alex Blumberg and NPR all-star team were essentially masters of their craft but under market value.)

The 6 Calacanis Characteristics (91 161 18)

1. A startup that is based in SVPass: (San Francisco, CA)
2. Has at least 2 founders Pass
3. Has product in the market Pass
4. 6 months of continuous user growth or 6 months of revenue.Pass
5. Notable investors?Pass: Techstars (Music)
6. Post-funding, will have 18 months of runway Fail: at present raise of $500k, that means 10 months of runway. If they raised 1.5MM, it would have been 30 months of runway.

Has $111k cash on hand for operations. “The Company’s cash position is relatively limited, and while the company has reduced its burn over recent months, gives the company a limited runway.”

Gimme Radio profile on SeedInvest

The 7 Thiel Questions (ETMPDDS)

  1. The Engineering question:
    • Good: introducing Twitch/Discord dynamics with superstar DJ’s has the potential of a 10x better engagement with superfans.
  2. The Timing question
    • Good: Not a bad time, especially since this is mainly a digital distribution platform for music, not really a music platform.
  3. The monopoly question
    • Good: if Gimme Radio can nail the human + tech + community aspect, it will be the of music engagement.
  4. The people

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