SangCash

From the Hills at LaunchHouse: Digital Concert Ticket Stubs that pay Songwriters

Last Funded April 2023

$19,800

raised from 22 investors
Pitch Video
Investor Panel

Highlights

1
Selected to and participated in the Nashville Entrepreneur Center's PreFlight and ReNew Programs
2
SangCash was selected to be part of Launchpeer, a Charleston-based remote incubator in April '21
3
Part of Launch House's LA residency- a community of the most ambitious founders with a 7% acceptance
4
SangCash recently pitched at the Wild Pitch Competition at the DIG Tech Summit in Charleston, SC

Our Team

I grew up going to concerts at Jones Beach and eventually worked there. In college, I got into country music and found out that a lot of the big name artists don't write their songs. When I went through a bad bout of depression 7 years ago, I used writing and listening to music to come out of it and really grew an appreciation for the craft.

Finally, the songwriter sits at the top of the Economic Equation.

The Beatles said it best in their song "Revolution."  There are plenty of companies who try to solve problems in the startup and music spaces, but do they have a plan and are they revolutionary enough to make an impact?



Most of the songwriters in the US are represented by three PROs (Performing Rights Organizations) - BMI, ASCAP, SESAC.  Their main responsibility is collect licensing fees from music users who want to use the songs performed by their songwriters and then distribute royalties to those member songwriters.  Unfortunately, the technology they use and the laws they are up against prevent them from paying songwriters quickly.  They also struggle to keep up with emerging technology companies that use music such as Spotify, Instagram and Tik Tok.

Here is a look at our fundraising schedule once we complete our WeFunder Campaign.

Every investor wants to know what the company has planned for an exit strategy to earn the returns needed to make their investment worth while.  Luckily for us, one of our slow moving competitors recently admitting to not having a strong business model and has switched to a For-Profit model, which includes becoming relevant through potential acquisitions. 

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