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Invest in SangCash

We get venues back on their feet and pay songwriters faster and more money

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
SangCash recently pitched at the Wild Pitch Competition at the DIG Tech Summit in Charleston, SC
4
Selected by LaunchTN to host paid intern for summers of '21 and '22
5
Recently partnered with and became an affiliate member of the National Independent Venue Assoc. NIVA

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.

SangCash saves Music Venues money and gets Songwriters paid faster!

We're not you're grandma's PRO.  SangCash is a payment platform that helps music venues manage inefficient and expensive blanket licenses and in turn, tracks and pays songwriters faster.  

While the pipe dream of having music venues be in better place and a world where songwriters can earn a living, its one thing to say we have a solution and its another to actually show what that plan entails.  We'll walk you through progress and where we're taking SangCash.

Music venues are required to take out blanket licenses for their establishment, however, it is expensive because they need to take out licenses with three organizations because there is no way of capturing what songs are actually played and the venue has to make sure they are covered to prevent copyright infringement.  But there is no reason for say a jazz club to have coverage for 32 million songs (that includes rock, country, hip-hop, etc.).  They should just pay for what they use and now there is the technology to track this.

Because there is so much data and money collected eventually, payment to songwriters (the ones who write the songs) takes a while - too long for 2022.

We have worked with our accelerator, Launchpeer and built our MVP on Bubble.  We've also begun working to the world leader in payments, Stripe to build out the platform further.  

The current process has them receiving checks in the mail for low amounts and no real explanation for what they are getting.  Our payment platform will give songwriters an easy to use portal.

SangCash is not the only one that is in on the need for songwriters to get paid.  In the last several years, documentaries have been made, shows have launched and laws have been passed for the benefit of the songwriter.  While these are positive steps, there is much work to be done.  Songwriters are still fighting lobbyists in Washington and against Digital Service Providers such as Spotify to decide what their worth actually is.

Covid was not fun for anyone, including live music venues, most of which were on the brink of closing.  With the delay in government funding, NIVA (National Independent Venue Association) was launched to get venues back on their feet and fight for the SaveOurStage Act.  After preliminary talks during the Covid shutdown, we recently partnered with them and are attending their inaugural conference in Cleveland where we'll get to know the community more and discuss solutions for making their lives easier.

The big two companies in this space control most of the licensed works.  However, their blanket model is tough to digest for smaller venues and they neglect up and coming songwriters and are more concerned with those who already have radio hits or publishing deals.

One of the biggest ways to succeed as a startup is to recruit the right people.  We've been fortunate to bring on the best and brightest to come along for the journey.  We have people who care about the mission and are bringing their skill set to continue to move the needle.

Because we are in a very litigious space, we've done the early work and made sure to protect our trademark and business classes and were approved by the US Trademark office.  As mentioned above, we've been part of some great accelerators that have helped us get to this point.

We will begin piloting venues this summer with tracking songs to show ROI as well as inserting an On-Premise Playlisting system for background music that can be paid for on a subscription basis and will allow us to start paying emerging songwriters.

Eventually, we'll have the database to branch out into other verticals - most of which we will have connections in and be able to be a leader with many music users.

Feel free to follow and/or contact us.   We would love for you to join our journey.


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