Deal Abstract

Invest in Vampr: #1 Marketplace for Musicians and Creatives in the World | Wefunder
#1 Marketplace for Musicians and Creatives in the World

Marketplace for musicians and artists to show off their portfolio and sell artistic services.

Financials (VRB)

Question Notes
1. Fundraising Target? $1500000
2. Fundraised So Far? $642995
3. Pre-Money Valuation? $20000000
4. Previous Year's Annual Revenue $241511
5. Previous Year's Annual Net Income (+ Profitable, - Burning Cash) ~$-173761

The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)

Criteria Yes/No
1. A startup that is based in SV? False: Los Angeles, CA
2. Has at least 2 founders? True: Two
3. Has product in the market? True: Revenue generating
4. 6 months of continuous user growth or 6 months of revenue? True: Went from $95k to $241k
5. Notable investors? False: No one I recognize
6. Post-funding, will have 18 months of runway? True: Needs $280k to have 18 months

The 7 Thiel Questions (Every Time Man Profits, Don't Dismiss Serendipity)

Question Score Notes
1. Engineering? 2 Marketplace specifically for musicians to sell their services
2. Timing? 2 I could see this being a good time to build a marketplace specifically for musicians and artists
3. Monopoly? 2 The number of users seem good but the revenue seems middling
4. People? 3 People seem really well fit to build this company
5. Distribution? 2 Good users
6. Durability? 2 Building a good marketplace for these services is a good defensible niche
7. Secret? 2 Building a marketplace and Instagram esque portfolio for artists will be a valuable spigot to the music and media business

What has to go right for the startup to return money on investment:

1. Figure out ways to get membership dues cause having a million users making $300k is very low; 2. Own more of the value creation and capture, right now this company is solving a problem for a very broke population; 3. Create more revenue opportunities for artists

What the Risks Are

1. Niche but not a market with a lot of spending power; 2. Feature not a company; 3. Just providing a marketplace is sufficient, needs to provide SaaS

Bonus Muhan's Notes

Very interesting company, but the marketplace numbers seem a bit low for a company raising at $20m


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