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Pibox Music

Mix review and remote collaboration for audio production

Украина, город Киев
Отрасль: Интернет и ИТ
Стадия проекта: Действующий бизнес

Дата последнего изменения: 12.12.2018
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Идея

We're making service that helps music producers and engineers organize their work with clients and other participants of audio production (musicians, producers etc.). We're giving them a place where they gather all the feedback about the mix. Producers also keep all the versions in a studio quality and all the communications with different clients in one place. We're selling them subscription which includes cloud and members quota, so they get the all-in-one solution to start working in one place.

Текущее состояние

- Revenue from subscriptions: $3500
- Registered users: 800
- Conversion trial to paid: 4.6%
- MRR: $370
- САС: ~ $66
- LTV: $335

Рынок

According to SoundCloud they have 39 million users who bought the Pro or Pro Unlimited plan. In other words, they are not listeners, namely musicians and producers, in one way or another. Accordingly, we can say that the number of our potential users is ~ 39 million. Since our plan is bought on average for 5-7 people group, in this case, potentially paying users of Pibox Music are 6.5 million people.

Проблема или Возможность

More often producers are using basic communication and storage apps (gmail, messenger, dropbox). In Pibox our communication and workflow build around audio, so users can leave detailed comments on a wave, listen to tracks in studio quality, keep revisions etc., also we have the extended cloud features (e.g. handle massive projects) and live chat communication. There are also Splice, Blend.io services, but they are not about communication, they handle DAW-to-DAW collaboration (like GitHubs for music projects).

Решение (Продукт или Услуга)

We're making the all-in-one solution for organizing audio production workflow. Pibox handles all communications, versioning and file storage.
Basic features:
1. Time-stamped audio wave comments
2. File revisions
3. 520 kbps stereo streaming and calls
4. Cloud for extra large studio files
5. Project-based workflow

Конкуренты

More often producers are using basic communication and storage apps (gmail, messenger, dropbox). In Pibox our communication and workflow build around audio, so users can leave detailed comments on a wave, listen to tracks in studio quality, keep revisions etc., also we have the extended cloud features (e.g. handle massive projects) and live chat communication. There are also Splice, Blend.io services, but they are not about communication, they handle DAW-to-DAW collaboration (like GitHubs for music projects).

Преимущества или дифференциаторы

Most everyday used (not direct competitors):

1. Messenger.com (and other live chats) - We have the live chat feature, but also we have time-based wave commenting, file revisions, project-structured workflow, 520 stereo streaming and calls fro pro audio etc.

2. Gmail.com (and other email clients) - For communication, we have the live chat feature, but also we have time-based wave comments, file revisions, project-structured workflow, 520 stereo streaming and calls fro pro audio etc.

3. Dropbox.com (and other cloud storages) - We have cloud storage for sharing and storing extra large files (190 Gb per file), live chat feature, time-based wave comments, file revisions, project-structured workflow, 520 stereo streaming and calls fro pro audio etc.

In Pibox all these features are built for professional audio files and keep all the studio quality.

Also, there are solutions for DAW-to-DAW collaboration (similar to Github for coders), but they are not organizing communication. If they are "Githubs", we more like InVision or MarvelApp for audio.

1. Splice.com - it's more like "GitHub" for music projects (now focused on selling samples)
2. Blend.io - like Splice, solution for storing music projects
3. Kompoz.com - online collaboration focused on finding external collaborators who can participate in the production and then control the split of rights.

Бизнес-модель

We're selling subscription which includes cloud and members quota.
Plans example:
Pro plan, $24/mo, 12 members, 50 GB cloud

Целевое назначение инвестиций

- Marketing 65%
- Team 30%
- Infrastruture 5%

Предложение инвестору

We can use convertible loan or equity model.

Команда или Руководство

Риски

As we're first communication solution for audio production sphere after we become noticable on wordwide arena, we have to raise more investments to be able to continue fast growth and remain industry leaders.

Прохождение Инкубационных/Акселерационных программ

Yes, a year ago we graduated from Kyivstar (Vimpelcom/Veon) accelerator http://radartech.com.ua/. This acceleration focused us on our audio collaboration pivot.

Победы в Конкурсах и другие награды

We won several startup contests. For example Seed Forum London.

Изобретение/Патент

We've registered our trademark.
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Идея
Текущее состояние
Рынок
Проблема или Возможность
Решение (Продукт или Услуга)
Конкуренты
Преимущества или дифференциаторы
Финансы
Инвестировано в прошлых раундах, $
Бизнес-модель
Целевое назначение инвестиций
Предложение инвестору
Команда или Руководство
Менторы-советчики
Лид-инвестор
Риски
Прохождение Инкубационных/Акселерационных программ
Победы в Конкурсах и другие награды
Изобретение/Патент
Видео о продукте
Презентация