Jupiter's current revenue generation is nominal given that this is platform has not officially launched, yet, under our business plan, we anticipate our revenues increasing exponentially following the addition of talent. There is potential risk that the revenue generation will not grow in that way and we will not be able to undertake the full scope of our planned operations.
Investors won't see a return until the company is operating at full operating speed, or becomes profitable and starts paying dividends to shareholders.
Jupiter is dependent upon the continued support and involvement of key management, engineering staff, and industry partners. Jupiter's success and ability to compete is dependent on its continuing ability to identify, attract, hire, train, retain and motivate highly qualified partners with knowledge of the businesses in which Jupiter operates. If any of Jupiters key partners were to cease their arrangements with Jupiter, Jupiter's business may be without finding alternatives.
Jupiter's business model is dependent on its ability to sell key talent to event, touring and promotor organisations. Therefore our ability to earn money is dependent on our ability to drive engagement to Jupiter. Insufficient fanbase or engagement, and general 'hype' traffic could negatively impact our business, prospects, results of operations and financial condition.
In the past Jupiter has obtained angel capital for startup and 'proof of life' operations primarily from private investors (F&F). Future operations depend on Jupiter's ability to increase revenue, and while Jupiter may consider funding its business in future through a combination of future rounds of debt and equity financing, there can be no assurance that such additional financing will be obtained.
Jupiter operates in a sector where other participants create competition. The company operates in a market that is growing and will attract competition. Competition is driven by proprietary approaches to combining business strategy and the specific and dynamics of the industry at hand, as well as general knowhow, capabilities, consistency of operational performance, quality, price, value, alternative therapies, and speed. Some competitors may have greater financial, research and development, operational and marketing resources than Jupiter and be able to bring competing products to market. Greater financial, research and development, operational and marketing resources and experience may allow Jupiter's competitors to respond more quickly with new or alternative approaches.
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.
The lead (Adam Neat) is not technically full time with the business in its initial launch phase. Whilst significant time has been and will be dedicated, and that it is unlikely, there is a risk that conflicting priorities may occur.
Our current revenue is nominal. While we have generated some revenue, it is nominal. Under our business plan, we anticipate our revenues increasing exponentially following the addition of talent. If we are not able to execute our business plan, and revues does not grow exponentially, we may not be able to accomplish our mission.
We may not be able to secure talent or leading top line vocalists to work with. The music industry is highly competitive. Our business plan requires that we actively seek out new and successful talent. If we are not able to source that talent, our operations will be negatively impacted.