Aballoon

Music collaboration platform, record label &a; mutual fund where artists &a; fans collaborate and create songs together &a; investors earn money.

Business Model: B2C

Revenue: $0

Employees: 11-50

Detailed Aballoon Information

Geographic Data

Aballoon headquarters map

Address:

City: San Jose

State: California

Zip:

Country: United States

Financial Info

Stage:

seed

Raised Last:

$75k

Raised Total:

$75k

Metrics

0Website Global Rank

0Website Monthly Traffic

Twitter Followers

Description

Can you imagine a world where music is created and enjoyed by anyone and where a whole new economy is built upon this process? Welcome to Aballoon, the first music collaboration platform, digital record label &a; mutual fund where artists &a; fans collaborate and create songs together, and where investors earn money by making this happen. Before getting into the securitization of our music royalties, I’m going to talk about our technology… We’ve built a platform that allows people from all around the globe to collaborate online through the beautiful craft of writing lyrics together, or just by writing and storing their lyrics privately. This platform is built in a way that allows us to develop internal applications like our unique music streaming service and our music encyclopedia, “Aballoopedia”. One of the best things about our platform is that it’s not only an entertainment music website where we distribute our content, it is also a space for creation &a; collaboration, and it functions like a social network that allows our users to share and dedicate their favorite songs from our catalog; which brings me to the next point… OUR CONTENT During the past 4 years, we’ve managed to discover and polish an outstanding formula to generate music content like no other… We have come up with a music collaboration model that even allows non-musicians to be part of music creation by writing lyrics on our platform and having well-known artists collaborate and create songs out of those lyrics through our record label, Weballooning… And I know that you’re probably wondering what exactly is Weballooning... Weballooning is the name of our digital record label, which in other words means it is an asset generator! Weballooning consists of arranging live music sessions where we gather musicians and artists from different bands and have them write and record a song within 48 hours, using some of the lyrics that their fans have posted on our platform. In other words, we’re the first digital record label to produce and sell music written between artists and fans. And believe me when I say that the results are mind-blowing. The sound of the songs is an unprecedented thing. We currently have more than 250,000 monthly listeners on Spotify and YouTube, and over 9.2 million plays with just 12 launched songs, and without any budget for marketing, which takes me to the next and probably the most important thing about this presentation: Music Backed Securities… We’ve already started collecting and managing music royalties out of our current songs catalog but we need liquidity to scale, That’s why after more than 2 decades of having such a financial instrument issued by David Bowie and financial innovator David Pullman, we want to retake the “Bowie Bonds” concept and turn it into the first Music Backed Securities market. According to Billboard Magazine, Bowie Bonds were ahead of their time however, thanks to the re-emergence of the music industry and the rise of the Blockchain technology, we want to create the first financial market and mutual fund that issues and sells Asset Backed Securities collateralized by pools of songs and/or song derivatives that can serve as a new investment vehicle to be traded in our own platform or even just used as a collectible! We’ve worked and released songs with national and international famous Latin-American artists, and we’re looking to broaden our horizon by reaching out and inviting worldwide music celebrities to collaborate next. We believe that true innovation comes not only from creating great products, but creating a new mindset… That’s why for the first time ever we’re making it possible for non-musicians to be part of music creation, for big artists to collaborate and engage with their fans in a new way, and for investors to be part of the next generation of Music Backed Securities with which they’ll be able to, not only diversify their portfolios and periodically earn yields over long periods of time, but to be part of the creation of amazing music between artists and fans. Because we believe that, if a single mind has been able to create a masterpiece, imagine what we could create all together.

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Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
10/2016 Seed Round $0 Balero
Balero
10/2016 Seed Round 1 $75k Balero
Balero
Announced Date Name Price

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