Techstars Music Accelerator Adds Three Member Companies for 2018

Concord Music, RecoChoku and Royalty Exchange join Warner Music Group, Harmonix Music Systems, Q Prime Management, Bill Silva Entertainment, Silva Artist Management, and Sony Music in supporting startups building new solutions for the music business

A big part of the Techstars Music Accelerator strategy is our deep cooperation with the global music business. We believe cooperation produces greater return on investment. Today, we are thrilled to announce the addition of three new member companies for Techstars Music 2018: Concord Music, RecoChoku, and Royalty Exchange.

This expands our membership to nine companies — Warner Music Group, Concord Music, Harmonix Music Systems, RecoChoku, Q Prime Management, Bill Silva Entertainment, Royalty Exchange, Silva Artist Management, and Sony Music — a truly global consortium of rights owners, hardware and connected device manufacturers, game creators, digital service providers, artist managers and live event promoters.

Techstars Music members provide more than capital, they actually run the program with us: helping at every step of the process, from selection to mentoring to business development and even follow-on investment. Their diversity of skills and talent help the startups in our program gain real global advantage.

Here’s a little bit of info about our new members, and what they’ll bring to Techstars Music 2018:

Concord Music was formed at the beginning of 2015 from the merger of Concord Music Group, one of the world’s leading independent record companies, and The Bicycle Music Company, a premier independent music publisher. Since merging, Concord Music has made a number of acquisitions and strategic investments in other music publishing and record companies, and is now one of the largest integrated music publishing and record companies in the world, with offices in Los Angeles, New York, Nashville, Cleveland, London and Berlin. Concord Music will add an independent label and publisher perspective to the program, while also offering startups access to a deep and diverse set of mentors from their executive ranks.

RecoChoku is perfectly positioned to offer Techstars Music startups insight and opportunity into Japan, currently the No. 2 music market on Earth. In addition to its on-demand streaming and download services, RecoChoku is also expanding into artist development and support, live events and a new music experience business called WIZY. RecoChoku will work with Techstars Music startups on international expansion, both during the recruiting process and within the program.

Royalty Exchange is the world’s largest marketplace for buying and selling royalties. Artists turn to Royalty Exchange to raise money and take control of their financial future, while investors look to them to generate income that’s hard to beat. Their experienced executive team, comprised of successful serial entrepreneurs based in Denver, Colorado, will work with startups on financial modeling, pricing strategy, fundraising and operations.

We’re thrilled to have Concord Music, RecoChoku and Royalty Exchange join us in recruiting, selecting, mentoring and investing in startups solving problems for the global music business.

We’ll be making our final selections for 2018 on or around December 15th.

What are we looking for? Techstars Music is for startups working on scalable solutions for:

  • New music experiences for home, venue, festival, mobile & connected devices
  • Music creation, collaboration & sharing
  • Direct-to-consumer marketing, ticketing & eCommerce
  • Content infrastructure & delivery
  • Royalties, reporting, rights management & licensing
  • Data mining & machine learning
  • Music education for digital natives
  • Technology-based artist discovery, management & services
  • Event and crowd safety

In 2017, we invested in 11 startups (more info here) that have gone on to raise more than $15M collectively. Six of those 11 companies came to LA from outside the United States, a ratio we expect to continue in our 2018 class.

Is Techstars Music the right accelerator program for you? Take a look at our upcoming events here and request a meeting to show us what you are working on. Apply online here, with more information available here. Applications close October 15th, so get after it!

See you out there!
-Bob Moczydlowsky, @bobmoz
Managing Director, Techstars Music








Techstars Music 2018: The Global Search Is On

Techstars Music invests in startups solving problems for the growing global music business 

Techstars Music 2018 accelerator starts in Los Angeles on February 5, 2018, and right now we’re in the midst of a worldwide tour to meet founders who are solving real problems for the global music business. Applications close on October 15th and we’ll be making our final selections around December 15th.

In 2017, we invested in 11 startups (more info here) that have gone on to raise more than $15M collectively. Six of those 11 companies came to LA from outside the United States, a ratio we expect to continue in our 2018 class.

Why? Well, the world loves music, and music is driving digital culture everywhere. A big part of the Techstars Music strategy is our deep cooperation with the global music business. We believe cooperation produces greater return on investment.

Our member companies (and there is more exciting news to come here soon!) are Warner Music Group, Harmonix Music Systems, Q Prime Management, Bill Silva Entertainment, Silva Artist Management, Era of the Engineer, and Sony Music. These global leaders provide more than capital, they run the program with us, helping at every step of the process, from selection to mentoring to business development and even follow-on investment. Their diversity of skills and talent help the startups in our program gain real, planetary advantage.

So, what kind of startups are we looking for? Techstars Music is for startups working on scalable solutions for:

  • New music experiences for home, venue, festival, mobile & connected devices
  • Music creation, collaboration & sharing
  • Direct-to-consumer marketing, ticketing & eCommerce
  • Content infrastructure & delivery
  • Royalties, reporting, rights management & licensing
  • Data mining & machine learning
  • Music education for digital natives
  • Technology-based artist discovery, management & services
  • Event and crowd safety

Where are we going? Better question is where *aren’t* we going. We’ve already been to Mexico, Japan, Australia, Canada, Boston, Denver, looking for the world’s best technical and business talent… with 10 countries and dozens of cities still to go.

Is Techstars Music the right accelerator program for you? Take a look at events below and request a meeting to show us what you are working on. Apply online here, with more information available here. Applications close October 15th, so get after it!

See you out there!
-Bob Moczydlowsky, @bobmoz
Managing Director, Techstars Music

Find us on tour!

October 5th — Atlanta, Georgia, USA

(also appearing at A3C Venture Capital + Start Up Discussion)
Sign up for Atlanta Office Hours

October 12th – Prague, Czech Republic
RSVP for Prague Meetup event

October 13th – Budapest, Hungary
RSVP for Budapest Meetup event

October 14th – Vienna, Austria
RSVP for Vienna Meetup event

October 16th – New York, New York, USA
Sign up for NYC Office Hours

October 26th – Tokyo, Japan
Sign up for Tokyo Office Hours

November 1st and November 2nd – Los Angeles, CA, USA
Sign up for LA Office Hours

November 7th – London, England
Sign up for London Office Hours

November 9th – Lisbon, Portugal
Sign up for Lisbon Office Hours
Web Summit

November 10th – Paris, France
Sign up for Paris Office Hours

November 13th – Berlin, Germany
Sign up for Berlin Office Hours

November 29th – Helsinki, Finland
Sign up for Helsinki Office Hours
SLUSH

November 30th – Stockholm, Sweden
Sign up for Stockholm Office Hours

 

PS — Can’t leave a musical post without a song… this one seems to fit perfectly:








Announcing Techstars Music 2017: This One Goes To 11

Last October, I announced the creation of Techstars Music, a new startup accelerator program created to invest in the broad ecosystem of music.

We brought together major record labels (Warner Music Group and Sony Music), global artist management and live event companies (Q Prime Management, Silva Artist Management, Young Guru’s Era of the Engineer, Bill Silva Entertainment), independent game studios (Harmonix Music Systems), and the manufacturer of the leading whole-home audio system (Sonos) to provide capital, mentorship, business development and licensing opportunities to the best music startups on the planet.

To complete the circle, we will also have an Artist In Residence program bringing in world class artists to work directly with our Founders in order to provide the unique perspective that only artists can give.  We are honored to have Bob Moses and D∆WN aka Dawn Richard joining us for the program.

Today, I am happy to announce we’ve made our selections and invested in our first class of startups; Amper, Hurdl, JAAK, Pacemaker, Pippa, Popgun, Robin, Shimmur, Superpowered, SyncSpot, and Weav. That is not, as you might notice, the typical class of 10 startups. These go to 11.

Many thanks to our member companies — along with our investor friends at Techstars Ventures, Backstage Capital, Foundry Group and Union Square Ventures — for helping us find such an elite group of founders.

What do I mean by elite? They’ve managed superstar artists and social media influencers, been named to Forbes 30 under 30 lists, won Apple Design awards, created a global community of more than ten thousand professional DJs, sold a previous company (We Are Hunted) to Twitter, run a child-health organization, managed content for TED, authored New York Times best-selling books, created music and sound design for major film, TV and videogames… even co-created Google Maps. I’m half-amazed they let me hang around with them at all.

We genuinely believe these are the most promising startups in music. We can’t wait to see what they can do now that we have them all in one art-filled and sun-drenched room here in LA, where they will work with hundreds of independent mentors from all facets of the music business and technology, as well as our two artists-in-residence, Bob Moses and D∆WN.

Time to make some noise… 😉

If you’re interested in learning more about Techstars Music, please email us at music at techstars dot com.

Ladies and gentlemen… the Inaugural Class of Techstars Music, 2017:

Amper New York City, NY

Amper is an artificial intelligence composer, performer, and producer that empowers you to instantly create and customize original music for your content.

Founders: Drew Silverstein (CEO), Sam Estes (Founder), Michael Hobe (Founder)

Hurdl Nashville, TN

Hurdl increases fan engagement and revenue at live events with a unique LED wearable that allows artists, teams and event planners a new 1:1 communication network with both the known and unknown ticket holder.

Founders: Betsy McHugh (CEO), Zach Shunk (CTO)

JAAK London, United Kingdom

JAAK uses blockchain tech to connect music, metadata and rights information. Our goal is to create a real-time metadata network and a standardized framework for low-cost licensing.

Founders: Vaughn McKenzie (CEO), Fred Tibbles (Chief Developer), Viktor Tron (Architect)

Pacemaker Stockholm, Sweden

Pacemaker provides a simple and portable mixtape creation and social consumption experience on top of streamed music, powered by the proprietary file format the Recipe and AI DJ technology.

Founders: Jonas Norberg (CEO), Daniel Wallner (CTO), Olof Berglof (CMO)

Pippa New York City, NY

Pippa makes podcasting simpler, smarter, and more profitable by enabling targeted ads to be delivered dynamically to listeners.

Founders: Simon Marcus (CEO), Erwan Jegouzo (CTO)

Popgun Brisbane, Australia

Popgun is using deep learning to make original pop music. Today we are teaching computers to sing. Tomorrow we plan to produce a top 40 hit record. Popgun aims to be the best music AI company in the world.

Founders: Stephen Phillips (CEO), Adam Hibble (CTO)

Robin Toronto, Canada

Robin is a personal concierge for concerts and live events. Robin reserves and secures tickets on behalf of fans while providing real-time demand data to artists and event organizers.

Founders: Adam McIsaac (CEO), Cam Gorrie (CTO), Dave Levin (COO)

Shimmur Los Angeles, CA & New York City, NY

Shimmur is a social platform that makes it easy for artists and influencers to have quality interactions with fans. Shimmur flips how social apps usually work; on Shimmur, tribes of fans work together to create content and artists and influencers react and comment.

Founders: Matthew Peltier (CEO), Charlie Buffin (COO), Max Levine (CSO)

Superpowered Austin, TX & Budapest, Hungary

Superpowered provides real-time, low-latency audio infrastructure for games, VR, music and interactive audio applications on mobile and wearable devices.

Founders: Patrick Vlaskovits (CEO), Gabor Szanto (CTO)

SyncSpot Los Angeles, CA

SyncSpot uses an AI assistant to create and fulfill free-gift media rewards for in-store promotions. Example: Buy product X, get a free music subscription.  

Founders: Jubair Jalil (CEO), Mohammed Jalil (CTO)

Weav New York City, NY & London, United Kingdom  

Weav makes adaptive music via an artist remix console, and will be the supplier of bio-metric-driven music to workout apps, dance studios, exercise equipment manufacturers and action sports products.

Founders: Elomida Visviki (CEO), Lars Rasmussen (CTO)

 








The Road to 10 Great Music Startups

 

Please watch this video before signing up for a meeting… it will save us time!

Since announcing Techstars Music* a month ago, it’s been non-stop action. Thousands of emails. Hundreds of applications. Forty-six in-person meetings. Ten flights. Nearly 100 phone calls. Deep strategy sessions about the future of music with our member companies SONOS, Warner Music Group, Harmonix, Bill Silva Entertainment, Young Guru’s Era Of The Engineer, Silva Artist Management, SONY Music, and Q’Prime Management.

All this in service of finding and investing in the ten most interesting music startups anywhere on Earth. And yes, I have a few updates to share on this front already. More about that in a minute. 🙂

But first, it’s time to announce my recruiting tour, which starts this Friday in Los Angeles and wraps up December 5th in Paris. Come say “hello!” or “bonjour!” or “hallo!” and tell us all about your awesome companies.

Techstars Music Recruiting Tour:

Friday, Nov. 11 — Los Angeles
Tuesday, Nov. 15 — New York City
Monday, Nov. 28 — London, England
Tuesday, Nov. 29 — London, England
Thursday, Dec. 1 — Berlin, Germany
Friday, Dec. 2 — Berlin, Germany
Monday, Dec. 5 — Paris, France

To book a slot, fill out the meeting request Form HERE.

Yes, you have to use the form to book a meeting. It keeps things organized! We also strongly recommend you watch the video at the top of this post, and then read this article and this website. That way, when we meet, we can just talk about your company and how we might work together. 😉

Now, a few words about what we’ve seen, and what we’re looking for:

  1. So far, 17% of our applications are from outside the U.S.A. We’d like that number to be 30% before we close applications on December 11.
  2. Our member companies are more interested in building new revenue streams than optimizing existing businesses. “Let’s get out of the pennies and into the dollars!” just might be the best line from our strategy sessions thus far.
  3. Is the basic human need for shared, communal listening a big opportunity or a total red herring? We’re still arguing.
  4. If we have one company in the program that needs to license music for its business to work, that will be a lot. We’re focused elsewhere.
  5. Where are the awesome e-commerce companies?
  6. Who is inventing a game where the object is to create real music that people love and listen to in the real world?

If you have cool stuff for me to see in the meantime, questions about the program or restaurant tips for the cities above, hit me @bobmoz on Twitter.

*About Techstars Music

Techstars Music is a three-month, mentorship-driven startup accelerator program. Each year, we will invest $120k each in 10 music related startups from around the world. We’ll also provide office space in Los Angeles and access to artists and executives from all facets of the global music business. To help us find and mentor this new crop of startups, we’ve enlisted some of the leading companies in music to help us build and run the program:

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PS — I really struggled to find the right musical reference for this post.
It’s both too easy, and really hard:
“On The Road Again?”
“I’ve Been Everywhere?”
“No Sleep ’Til Brooklyn?”
“Travelin’ Band?”
“King Of The Road?”
“Wherever I May Roam?”
“Torn And Frayed?”
“Day After Day?”
Actually… I do know, it’s this one:

Don’t miss your chance to be a part of Techstars Music. Applications close December 11, 2016. Apply now.

 

This was originally published on Medium








Announcing Techstars Music

Techstars is excited to announce the Techstars Music Accelerator, a new startup accelerator program created with top music companies to invest in the ecosystem of music. The Techstars Music program will kick off in Los Angeles in February 2017 and applications are open today.

We’re looking for radical tech innovations to benefit everyone in the music industry — including fans and artists.

To help us find this new crop of startups, we’ve gathered some of the leading companies in music to serve as members of the program. The Techstars Music Accelerator includes major record labels (Warner Music Group and Sony Music), global artist management and live event companies (QPrime Management, Silva Artist Management, Young Guru’s Era of the Engineer, Bill Silva Entertainment), independent game studios (Harmonix Music Systems), and creator of the leading whole-home audio system (Sonos). I will serve as the program’s Managing Director.

We’ve created a broad definition of what makes a music company, and we’re excited to work with this impressive consortium to mentor and invest in startups working in all categories of music. Once selected, these ten startups will gather in Los Angeles to participate in Techstars’ three-month, mentorship-driven accelerator program.

What kind of investments are we looking for? Techstars Music will find and accelerate the best music tech startups building scalable solutions for:

  • New music experiences for home, festival, venue, auto, mobile and connected devices
  • Music and video creation, collaboration and sharing
  • Direct-to-fan marketing and e-commerce
  • Content infrastructure and delivery
  • Royalties, rights management, reporting and licensing
  • Data mining, machine learning and artificial intelligence
  • Artist discovery and content curation
  • Music education for digital natives
  • Social platforms and games to connect artists and fans

(Note: This program is about software and hardware; we’re NOT looking for startup labels, artists, content companies or live event promoters. If that’s you, check THIS out.)

The time has come to bring artists, music business executives, investors, and startups together. Let’s all get in the same room and collaborate on innovation.

Techstars Music begins in February 2017, and applications are open today.

Application deadlines, program dates and additional information are available now at TechstarsMusic.com.

For music companies who would like to participate as members or startup founders who would like more information about applications, please contact music@techstars.com.

Press inquiries:
Joanie Kindblade
joanie.kindblade@techstars.com

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Techstars Music Members:

Warner Music Group
Sony Music
QPrime Management
Silva Artist Management
Era of the Engineer
Harmonix Music Systems
SONOS
Bill Silva Entertainment