Your browser is old and is not supported. Upgrade for better security.

Invest in BoothLenders

Financing Music Industry Creators

Highlights

1
The creator economy is misunderstood by traditional financing. ๐Ÿ™„
2
Today, creators are small businesses. ๐Ÿ“Š๐Ÿ’ผ๐Ÿ’ต
3
We will focus on the music industry creators: musicians, producers, etc. ๐ŸŽง๐ŸŽค๐ŸŽน
4
Technology allows music industry creators to become small music businesses. ๐Ÿ’ป๐Ÿ“ฒ
5
We will use traditional underwriting ๐Ÿ” plus alternative data ๐Ÿ”ฎ to qualify borrowers.
6
Providing debt financing: flexible terms ๐Ÿ“ fair interest โณ & low fees ๐Ÿ‘
7
Test Models proved a Global Market exists. ๐ŸŒ Estimated 2 Trillion Dollars. ๐Ÿฆ„
8
Traction: Global Demand ๐ŸŒ Brand Trust ๐Ÿ™Œ Product Market Fit ๐Ÿš€

Our Team

I've worked in the music, advertising, studio, and private equity industries. Small music businesses would always ask me to help them find financing. I saw a funding gap for the majority of the music industry-related businesses. Traditional lenders do not understand the music industry. I saw an opportunity for a music industry-focused lender.

Financing Small Music Businesses Everywhere

The Old Music Industry...

Throughout history, if you wanted a career in music, you had to be connected to a major label. Why? Financing! 

And those without financing (the 99%), had to bootstrap their careers.

The New Music Industry...

Today, technology allows โ€œthe 99%โ€ to become small businesses. But these small businesses still need financing and a lender who understands their industry. 

Problem

Small Music Businesses are Underserved

Traditionally, lenders lend to businesses they understand. Why? Because they understand the risk involved. 

At BoothLenders, we understand small music businesses and see them as underserved. 

Solution

A Lender for Small Music Business 

BoothLenders will use traditional underwriting and alternative data to identify fundable small music businesses. 

The Test Models

Before committing to a business model, I had to test my theories about the products, marketing, and overall business strategy. 


    Test Models: Pros & Cons

    #1 - Global Aggregator 

    #2 -US Referral

    Key Learnings

    The Test Models proved key theories to be accurate. Also provided additional learnings. 

    Products & Services

    BoothLenders will provide credit cards, personal loans, and business loans. 

    Business Model

    BoothLenders will make money from interest income, origination fees, and packaging fees.

    Secondary & Tertiary Revenue

    BoothLenders will make additional money from credit repair & financial planning fees.

    Go to Market Strategy

    We will target low to medium-risk small music businesses. 

    Competition

    Articles: 

    Patreon offers โ€œpayday loanโ€

    Stem offers fee-based advance

    Royalty Exchange offers a royalty auction program

    The Music Fund offers โ€œinterest-freeโ€ advance


    What Makes Us Different:

    Total Addressable Market

    *TAM = # of Customers x Avg. Lifetime Revenue Per Loan

    Average Lifetime Revenue Per Loan

    Loan Book Projection

    Projected Revenue

    Raising Seed-1 

    Minimum Raise $100,000 - Maximum $5,000,000. Raising Seed-1 to achieve $1M in Revenue in 12 Months.

    Seed-1 Milestones

    These milestones mark our path to Seed-1 Revenue Goal: $1 Million in 12 months.

    Traction

    We unearthed global demand. 

    Our website, social posts, and email engagement indicates a global interest from small music businesses looking for financing.

    We developed brand trust.

    Our partnerships with other lenders and marketplaces improve and solidify our social brand and trustworthiness.

    We discovered product-market fit. 

    Customers see their small music businesses as large enterprises and would benefit from BoothLenders. Customers would be devastated if this service was never available.

    Our projected LTV is $7,740.

    Our projected CAC is $3.45.

    This is just the beginning!

    We understand the music industry, lending, and are establishing a company with the financial and technical infrastructure to build a global enterprise. Our future includes...

    Overview