Invest in audiobridge: Next-gen AI mobile music recording and collaboration platform for everyone

Matt Miller

Founder / CEO

I have built a software company from $0 to $1.5M ARR with no investments and no previous knowledge in business administration or software engineering.

Andrew Perusi

Product Partnership Manager

I have been chosen to play on numerous records by heroes of mine, and been invited to tour worldwide, playing sold-out shows at historic renowned venues, from the Sydney Opera House to the Greek Theatre.

Peter Robert

iOS Developer

I have been developing iOS apps for the past decade, ranging from small standalone projects to large complex apps used by millions of users.

Investor Q&A

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What does your company do?

audiobridge, currently available for free on iOS, allows musicians of any talent level to record full multi-track songs and instantly collaborate with anyone, anywhere. We focus on our users' experience and strive to make the simplest but most powerful audio recording tool the world has ever seen; exclusively on mobile devices. Musicians of any skill level will be able to rehearse, record, mix, master and distribute professional songs with nothing more than a mobile device and audiobridge.

Where will your company be in 5 years?

Although we can't guarantee it, we want to dominate market share for recording platforms that musicians of all skill levels use to create songs. We strive to consistently have our users writings songs that reach the top of the charts.

Why did you choose this idea?

Our CEO spent a decade in L.A. as a songwriter, producer and performer. After stumbling through remote collaboration sessions with musicians around the world, he sought a solution that would work for people of all technical skill levels. When finding that nothing intuitive yet existed, he began the process of building audiobridge.

Why is this a good idea, right now? What changed in the world? Why wasn't this done a few years ago?

Since this year's global pandemic, people's understanding of the viability of our pro-level mobile recording vision accelerated at an unforeseen pace. Our value proposition, fully formed prior to the pandemic, has remained unchanged while others are scrambling to pivot. Existing income from recording studios and legacy software has made the recording industry resistant to the inevitable change coming. Building robust mobile software requires a unique crossover skillset of a deep understanding of audio processing and how modern musicians make music. Other companies are building solutions but are not exclusively mobile and suffer from the same problems as legacy software; bloated user interfaces and a prerequisite knowledge required.

What is your proudest accomplishment?

audiobridge users recorded over 55,000 audio tracks in May during the Covid pandemic. To provide a platform that is resulting in more creativity around the world is, and will continue to be, our main motivation and to see it actually happen amidst a chaotic world is amazing.

How far along are you? What's your biggest obstacle?

audiobridge is live in the iOS App Store with over 10K monthly active users recording over 700 hours of audio every month. There are millions of apps in the App Store and hundreds in our industry. Our biggest obstacle is getting the proper exposure for our platform. More than ever, the world is inundated with collaboration tools and we are fighting to be heard every day. Between strong word-of-mouth organic traction and the work we are doing with a PR firm who specializes in musictech, our numbers are solidly growing but this will continue to be our biggest obstacle until we scale to a critical mass. Our solution is to continue these efforts and also develop partnerships with companies who can scale our exposure at an exponential rate.

Who are your competitors? Who is the biggest threat?

Spotify/Soundtrap, Apple/Garageband/Logic, Avid/ProTools, BandLab The competitors listed above all provide similar levels of threat. None of them are mobile-only and their need for compatibility across several platforms works to our advantage. Each of them do have financial resources that, if used properly, provide a challenge for us. We have seen, though, that our constraints have required us to be laser-focused and thoughtful about everything we do, unlike the competition who have too many features, creating usability problems for users.

What do you understand that your competitors don't?

1) User experience. Industry standard tools, e.g. ProTools, have 100s of largely unused options kept solely for backwards compatibility. Our competitors, instead of innovating, have followed these complicated applications. We look forward, not backward. What is the fastest, simplest and highest quality path from an idea to a finished song? We apply state-of-the-art software techniques, invisible to the user, automating processes that inhibit creativity and clutter other platforms. 2) Mobile only We focus exclusively on mobile while our competitors also maintain desktop and browser platforms - their mobile offerings are an afterthought. This alienates most musicians, who have a mobile device but no access to more expensive tools.

How will you make money?

1) We currently offer all features for free and are building advanced automation appealing to those desiring more professional creations. We will emulate creative suites, like Adobe, appealing to beginners and pros. Next-gen music makers understand freemium in-app purchase and subscription models. Set for release in December, our low-cost, high-volume scalable model will initially generate over a $1M annually with less than 30K paid users. 2) We will offer musicians and companies unprecedented insight into how people make music. Through responsible data-driven thought leadership, we will become the pre-eminent authority in how the world makes music which will help connect musicians with the resources to improve their creative process.

What are the biggest risks? If you fail, what would be the reason? What has to go right for you to succeed?

The development of the infrastructure required to make our vision a reality is not guaranteed though we predict it to be highly probable. We rely on mobile manufacturers continuing to improve fidelity of audio recording capabilities; that audio hardware companies pivot and build components to improve the quality of mobile recordings drastically (some already have); that the world embraces small mobile devices as replacements for full recording studios. We are fundamentally changing the way people make professional music. This requires not only innovation on product but also on the business model and value networks it serves. The music and recording industries have a vested interest in these value chains not changing.

What do you need the most help with?

Business and partnership development are our main goals for the next phase of audiobridge. We are extremely confident in our product and user traction and have begun conversations with veteran business development and revenue/growth officers from within the musictech industry to assist in advancing our partnership pipeline. We have qualified and added dozens of potential partners to our pipeline and look to these domain experts to join our team and assist in moving conversations into defined, strong partnerships. Properly testing our hypotheses and making strong partnership connections will drive revenue to put us on track to scale the business into a major growth phase.

What would you do with the money you raise?

1) Product roadmap development including: - Maintenance and rollout of existing/new front-end feature sets. This includes improvements to social tools, integrations with popular social media networks, additional simple creator toolsets and more. - Improvements to our machine learning models and integration of these into the user interface to provide even simpler workflow for artists. This will also make the product more accessible to a huge new market of musicians with less previous knowledge in music creation. - Improved data analytic tools 2) Launch initial monetization model - Set for release in December 2020. Largely related to the above mentioned product roadmap development. 3) Build and promote industry partnerships

1	What we're trying to do has not been done exclusively on mobile. Should our technology not develop in the way that we expect it to or be more costly than we expect it to be our business operations may be inhibited.
2	We are currently fully dependent on Apple as an iOS app. Should Apple decide to produce a similar product or stop listing our app, we may face competition from them.
3	Our long-term product roadmap relies heavily on data science. We are still in the process of building out that team, and will need to attract and retain talent in order to hit our goals.
4	Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
5	To increase revenues we must expand our user base. To accomplish this, we must increase our visibility in the marketplace. Potential customers and artists must be aware we exist and be able to find us. We need to demonstrate how our product can be useful to them. That could require us to devote more resources to marketing efforts, including advertising and other expenses, to build public awareness of our brand. Even with an enhanced marketing effort, there is no guarantee that we will be able to increase the number of new visitors to our app and in turn, convert them into paying customers. Any number of conditions could affect the success of our marketing efforts, including a poorly executed campaign or an inability to keep up with new technologies, which could have a negative impact on user experience with our app and adversely affect our results of operations and future growth.
6	The Company is an early stage company incorporated in March of 2019. Accordingly, the Company’s operations are subject to all the risks inherent in the establishment of a new business enterprise, including potential operating losses. Any investment in the Company must be considered in light of the risks, expenses and difficulties frequently encountered by companies in an early stage of development in new and rapidly evolving markets. These risks include the Company's substantial dependence on acceptance into a highly competitive marketplace surrounded by better funded and more established companies, our need to conduct product development, and our need to expand our sales and support organizations, respond to competition, manage changing operations, develop strategic relationships, control costs and expenses, maintain and enhance our brand, expand our product and service offerings, improve function and benefits, attract, integrate, retain and motivate qualified personnel, and rely upon acceptance and growth in our targeted markets. In addition to being subject to all of the risks associated with the creation of a new business, the Company will be subject to factors affecting business generally, such as general economic conditions, increasing government regulatory activity, scarcity of environmental resources, and competition. The Company believes that the estimates prepared by them as to capital, personnel, equipment and facilities required for their operations are reasonable, but until their operations have continued for a period of time, it will be impossible to determine the accuracy of such estimates. No assurance can be given as to the ultimate success of the Company. The likelihood of the success of the Company must be considered in light of the problems, expenses, difficulties, complications and delays frequently encountered in connection with the formation of a new business.
7	The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.

Date	Amount	Security
05/2020	$15,000	SAFE
01/2020	$550,000	Priced Round

$50,000	Our primary focuses at this stage are user growth and partnership development. We are in a unique time in the world where user growth can be maximized. User growth will allow us to mature the software and build a continually improving product for musicians around the world. We already have a trusted development team so these funds would allow us to continue our already efficient process. Partnership development will allow us to build strong relationships with like-minded businesses and organizations which will not only continue to drive user growth at a higher exponential rate but also assist us in identifying revenue streams. Our main goal is to keep costs low for the end user and maximize revenue through strategic partnerships. This has great potential to scale and aligns with our vision of lowering the barrier to entry for musicians of all backgrounds. Use of funds: 42%Technology development- Frontend development- Backend development- Data processing 22%Business Development- Additional contract product partnership team member (already vetted)- Travel / Conferences (largely TBA)- Accelerator and other company development programs 22%Marketing- Advertising- PR (already vetted) 7.5%Overhead- Server & software subscriptions and expenses 6.5%Wefunder intermediary fee
$100,000	Our main focuses remain the same as above (user growth & partnership development). With this level of funding, our use of funds remains largely unchanged (with the exception of a lower overhead percentage) but with an extended runway. Use of funds: 43.5%Technology development- Frontend development- Backend development- Data processing 23%Business Development- Additional product partnership team member- Travel / Conferences (largely TBA)- Accelerator and other company development programs 23%Marketing- Advertising- PR 4%Overhead- Server & software subscriptions and expenses 6.5%Wefunder intermediary fee
$250,000	With this level of funding, our use of funds remains largely unchanged (with the exception of a lower overhead percentage) but with an extended runway. Use of funds: 43.5%Technology development- Frontend development- Backend development- Data processing 25%Business Development- Additional product partnership team member- Travel / Conferences (largely TBA)- Accelerator and other company development programs 23%Marketing- Advertising- PR 2%Overhead- Server & software subscriptions and expenses 6.5%Wefunder intermediary fee

1	Run by a successful software CEO (former pro musician) and a current world-touring bassist
2	Uninterrupted month over month growth for the past 18 months
3	For believers in the future of mobile recording. We are the only 100% mobile solution on the market.

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we've raised $581,548 since our founding

Our team

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audiobridge is building the simplest yet most powerful music creation tool ever.

The problem - It is too hard for the world to make music 🤷🏽‍♀️🤷🏻‍♂️

The solution - audiobridge

Made by musicians for everyone 🎸

Our initial raise, launch and growth 📈

A unique crossover of music and tech 🎵🤖

Two years of hard work 👨🏻‍💻

The world is changing...incredibly fast ⏩

Our next step - Revenue 💵

In closing...

Success is the freedom to be creative.__Product Demo

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