Question 1

I see references to a Gigmor Tickets service in your campaign but I don’t see that in the app. Am I missing something?

Accepted Answer

Great question! Our ticketing service is currently operating on a legacy site. We’re building a redesigned, revamped Gigmor Tickets, which will be integrated into the app in the early fall. Artists and venues will be able to easily create ticketed events, which will then automatically be published in the live music listings on the Shows page.

Question 2

What does Live Nation for Independent Artists mean?

Accepted Answer

We are like LiveNation in several respects: we act as a promoter booking artists at events (sometimes ours, eg at SXSW), we help artists market their music and shows to our growing database of fans, and we have a ticketing platform (relaunching early fall). Where we're different is that LiveNation owns and is focused on the largest capacity venues (like arenas and stadiums) and the most popular touring artists, whereas our tech-driven platform serves millions of smaller independent venues and...

Question 3

I was wondering, can artists receive payments through the app? If not, any plans to add? Thanks!

Accepted Answer

We are building a wallet for Gigmor artists to receive payments from our ticketing platform, from venues for performance fees and for tips and other payments from fans. This fall we'll be adding a fundraising feature so artists can raise money to pay for recording or touring expenses. Artists will be able to control payouts from their wallet and transfer funds to their bank or Venmo/Paypal accounts.

Question 4

What is your go-to-market strategy if you plan to build a global platform? Does your unit's economic data reflect the local or global market? Is the subscription an annual subscription or a monthly subscription? If your churn rate is 2%, why is your CLTV only $300? Do I unders...

Accepted Answer

Because we're a 3 sided marketplace, we have a multi pronged go-to-market strategy. We have traditionally been very successful at onboarding artists and smaller venues/event planners using SEO/SEM at a $1 CAC but have focused on the US market. After the capital raise, we plan to expand our digital marketing to other countries, starting with English speaking countries. (We already have artists in 90 countries.) 1. We plan to increase our SEO spend and will add affiliate and rewards-based marke...

Question 5

At what level of sales do you plan to break even? and when will it be?

Accepted Answer

Based on our forecast for revenues and expenses as a result of this capital raise we expect to break even later in 2024.

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