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Persia Grai - Would you invest?

Persia Grai - Would you invest?

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Persia Grai - Would you invest?

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Dear Crowdholders, if you caught my recent task HERE introducing the Pitch Investors Live platform, you'll know that I'm a fan of the project.  For those who aren't familiar it's essentially Shark Tank, online, with crypto elements. And to celebrate some awesome news released the other day in which the Pitch team announced that atomic-swaps were now live on mainnet (among other things) - a mechanism that will allow for such things as token-sales, and crowdfunding, live, as entreprenuers pitch, I thought that with this task I'd place you into the position of being a Shark on the Pitch platform...  

A recent pitch on the platform featured rap-artist, "Persia Grai" - the first music-artist ever to pitch themself for investment live on PIL.  And you can catch the music-video for his track "Again": HERE.

Take a quick listen and then share your thoughts.  Feel free to comment on the music itself - are you a fan?  But what I'm really looking for here are your thoughts regarding the investment potential from the perspective of a Shark.  The beauty of Pitch is that whether you're a entreprenuer with a great business idea, through to an aspiring musician hoping to make it big, you can pitch.  But do musicians make good investments?  Could Persia blow-up?  And of course the big question: If you held PITCH tokens, and this were a tokenised offering, if the price were right, might this be something you'd consider investing in?  Or are you out?  And why?

To help you decide here's Persia's pitch summary:

Persia Grai, LLC is a music company based in Detroit, Michigan looking to raise 350k in exchange for negotiable equity or profit share. My name is Michael Greene, I am the founder and artist with Persia Grai, LLC. I’ve generated millions of plays across all platforms and tens of thousands of followers across all social networks. I have fans all across the world. I’ve had FM radio play in my local area and performed with stars like Big Sean and Diggy Simmons. I’m working with a well known industry veteran Wendy Day. Wendy has contributed to the success of huge artists and labels like Eminem, Cash Money Records, Master P & No Limit, Joyner Lucas just to name a few. Thanks to Wendy we will have access to all the same resources a major label utilizes, we just need the budget to make it happen. With my talent and understanding of the business and Wendy’s expertise, connections, knowledge and experience..we believe we can dominate a significant part of this industry.

And for those wishing to review Persia's first live pitch in full before deciding you can do so: HERE

Many thanks in advance Crowdholders. :)


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61 COMMENTS 222 VOTES

Most recent Most voted Most verbose

I like the thought of a dragon's den style project for budding artists that need funding and the added cryptocurrency element makes it that more appealing to me.

 

1 week ago

Jeff Simas new user

I love the idea of being able to pitch an idea with the true possibility of having that idea being funded. Better even is a chance to invest "pitch" coins in artists and business ideas I believe in. To be able to invest in and profit with an artist as that artist grows in popularity would be exciting indeed. "Pitchs" should include "off the charts" type bonuses when those artists, ideas and funded projects are ultra successful due to the funded nature of their investment. I would hope that industry specific experts, as it where, could be utilized by the platform to increase the profitability of the investments made, lending sound advice to those seeking to use their pitch coins to invest said pitched projects, ideas and individuals... We all need a place where we can all help each other with our dreams and where we can all profit from it.

2 weeks ago

TOM STEEL guru

Looking at the music and the entrainment industry I will say that investment in an artist can be a very good choice, watching the video I can also say also that the artist is trying hard to do it better which is a more reason why investing will be a good thing. And also following the fact that a piece of single music can get millions of dollars if properly invested, i can also safely add that getting the money back for investment won't take that long at least if everything goes on well. 

But a reasonable good investment to make.

2 weeks ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

The music industry is an ever-growing industry with more and more persons going into it daily and more and big events being done here and there, I will say it is a sure try. The music industry when it brings out good talents easily draws out investors because the returns are usually very big.

Young talents these days in the music industries is always a way to grow bigger it might take some time but it will surely make it big if he keeps up the good work.

3 weeks ago

Karen M guru

Yes, there seem to be new young artists emerging all the time

2 weeks ago

TheCrypto .Tips guru

I do both things that measure our entire World => UX & TA

Not at this period of market, it's time the store the food and wood because 2008 is coming. 

3 weeks ago

Karen M guru

What does that even mean?

2 weeks ago

Tim Prior guru

Crypto / Blockchain enthusiast and investor.

I took it as a reference to the "2008 financial-crisis", and hinting towards the possibility of a recurrence. Suggesting that it might be wiser to prepare for a financial-collapse (by storing food and wood), rather than investing. But this is just my inference... :D

2 weeks ago

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Karen M guru

Well Tim, what you thought sounds logical and since thecrypto didn't respond, I'll go with your answer. Do you think another crash is coming soon? I mean, I know everything is cyclical but when do you think it'll happen?

2 weeks ago

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TOM STEEL guru

This community is becoming corrupted with too many people like you.

2 weeks ago

Karen M guru

Tom, too many people.like who?

2 weeks ago

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3 weeks ago

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1 month ago

Not my genre personally but you cant dismiss the rise of rap and the trap runner scene especially here in au. In effect if you take time to listen to their rhyme these guys are street wordsmiths. I would invest a small amount.

1 month ago

Karen M guru

I think a lot of song writers write from personal experience.

2 weeks ago

That is what makes their music unique and authentic.

2 weeks ago

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stephen black senior

Hello.

I'm a huge fan of music, yet i do not believe muscicians are a good investment platform. They are based on too many variables to be a viable investment for "Sharks". The genre of their music, their actual music and/or vocalizations, their performance live or even in studio, their behavior and presence in the world (one bad Twitter or Instagram post and it's over), and many other pieces.

Persia could blow up. Hard to say. It's always hard to say what crowds and fans will be drawn towards and are very unpredictable.

And for the last part, of course at the right price, most anything would be invest worthy. 

 

1 month ago

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1 month ago

  • View about music video

The music video was good but I not big fan of these kind of music.

  • Pitch Idea

The idea behind PITCH is what interested me the most. The Entrepreneurs / Startups can be in live contact and learn and understand about the project in which an investor are interested. A good place for the project owners to introduce there self and also get a live contact with the investor.

In there site atleast the investor will be in contact with the people that are involved in the project and i think it will give a confidence to the investor, if he like the project, to invest in there project.

 

  • Concern about PITCH

I was going to register on the site but I have many concerns on "TERM OF USES", as an example now I will paste a few lines from there Terms of Uses.

" The Company will not be responsible or liable for any harm to your computer system, loss of data, loss of Tokens or other harm that results from your access to or use of the App, or Website. Company has no responsibility or liability for the deletion of, or the failure to store or to transmit, any content and other communications maintained by App, Website. "

https://pitchinvestorslive.com/ at this site they says that " All PITCHs will be stored on YouTube and a library inside our app where you can watch replays of previous pitches. If there is something you are interested in, simply swipe on the start ups profile and request them to PITCH you! " that mean our conversation will be uploaded on youtube but i am not usre will they ask our permission or have they wrote in the privacy policy that they can do it but then again if you scroll down the page you will find a  section "the PITCH investor live APP" where they says " Optionally record your own pitches. " so does that mean we have the right to either upload on youtube and save it or what ?

What kind of steps there company will take against those scam project that will introduce there self as a startup and then will vanish?

 

1 month ago

Tim Prior guru

Crypto / Blockchain enthusiast and investor.

Thanks for the feedback, Muhammad. Assessing the appeal of the Pitch platform is obviously the real purpose of my current tasks. But trying to keep them fun. Good to hear you're a fan of the concept. :)

Being that I'm not officially associated with the Pitch team, I can only answer in a "as per MY understanding" fashion. But as to your concerns, I think that's a fairly standard disclaimer. But addressing the "loss of tokens" part, which would perhaps be of greatest concern, I can tell that the Pitch platform utilizes MetaMask (presumably similar wallets also work). So there should be no need to store anything on platform.

I believe the recording and archiving IS optional. As a viewer I've stumbled across a few that have come up after being live stating "this pitch was not recorded" - so that probably explains that (I didn't know it was optional myself tbh).

And to your last point - ultimately it's the same as with any investment: Do your own research, trust your gut instincts, don't risk more than you can afford to lose, etc. etc. The main benefit being that each pitch goes out live to a seasoned investor who will ask them a lot of the tough questions as you view. Perhaps things that you might not have considered yourself. But the choice to invest, or not, (hypothetically as that functionality is not yet live) will be yours alone... :)

1 month ago

I know that there are already many kinds of music-related tokens. Thank you for letting me know Persia Grai's track "Again" and discovering some good musicians with investment, but frankly I'm out of music. It is clear that the idea of discovering a good musician and making a new music business is a good thing, and I want to give you a big support in that sense.

1 month ago

Ejay Dario guru

I'm more experience and know the circulation in this Blockchain Industry.

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1 month ago

Karen M guru

Ejay, it looks like you used NBA basketbol's words on this task. You used mine on a few. Use your own words please.

1 month ago

Tim Prior guru

Crypto / Blockchain enthusiast and investor.

I did notice - and have reported it as plagiarism. For some reason it hasn't vanished like it usually does when I report spam. Possibly because he/she has managed to reach Guru level undetected until now(?)...

1 month ago

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The music industry is in a pivotal position to be disrupted through blockchain technology. 

1 month ago

The intro video to Pitch is really world-class in branding and marketing (at least I can't imagine how it could be done better). However the product itself can't convince me. While there is certainly a need to pitch your crypto/blockchain project to investors, but I am not actually convinced if there is still a need for yet another platform to pitch ICO's since there are already lots of platforms out for this.

And regarding the Pitch token/coin (or isn't there any?), what is it needed for? You should always ask yourself if a blockchain is really needed or will solve the problem better than a centralized solution. In lots of cases, blockchains are just there to hype a project, when in fact for a certain use case it would be much more efficient to just use a website with a MySQL database.

1 month ago

Tim Prior guru

Crypto / Blockchain enthusiast and investor.

I agree the video's very good. There is a token, yes. I didn't have it hooked up for this task, but I'll distribute some in future similar tasks. The team have strayed away from making any claims about their token usage, always emphasizing that they need to remain regulatory compliant - but the ultimate aim is to use it as you'd imagine, to invest in or crowdfund projects (though currently the only functionality is using it to pay to list your business idea on Pitch, or for tipping). I personally believe it's potentially different enough from other investment portals to stand-out. I am a fan of shows like Shark Tank though - which obviously adds to the appeal for me.

Being also a big crypto fan, I'm personally happy that it's built on Ethereum. If I see something I like I'll be able to throw in some PITCH from my laptop, using MetaMask, no middle-men, no hassle. Whether the final platform is able to meet my fairly lofty hopes for it though, we'll see(?) I do have faith in the team. :)

1 month ago

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1 month ago

Investment in the entertainment is a very good investment since a lot it tends to make a lot of waves these days, but the persons involve has to do a lot of work because in the music industry you are either making it or losing it there's really no being in the middle here. So I will say the singer should just bring out good music and everything will take its cause for the good.

Nice music also and video.

1 month ago

To invest through Pitch is a great way to have a big investment and I will not stop in doing so whenever the opportunity present it self. As touching to Persia Grai  music,I'm not a music fan but so far it sing good music that brings money,it's good to invest on him. You have my money!

1 month ago

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1 month ago

Loved the sound and really liked the performer. I think that everyone listens music in the world, i mean everyone! So in this new world order with blockchain there should be more project about the music and sound. You catched the right thing and i belive that you will be very succesfull. Congratz!!

1 month ago

I have listened your song twice and i really love the sound. It has gaven me a big joy!

Also i have checked about your project, first i can say that this is QNIQUE! I haven't seen a project like this one before. There are 1000s of people who wants to show their music and performance but there is no one to help them. With your system many singer and son writer could get online and many good  musics and sounds comes out. It would be very helpful for the publisher, musician and for the community.

I believe that you should give more advertisement in all web, there would be many many participant and investors to your project.

1 month ago

Karen M guru

Hey NBA, it looks like Ejay Dario took your words & made them his. He did this to me on a few tasks. I hope crowdholding sees this & puts a stop to it. I also hope those who posted the tasks see it and don't reward Ejay

1 month ago

I listened to a couple of his songs. I'm not as in touch with hip hop style and production as I once was, but so far it's nothing I'd come back to and listen again.

I'm probably not a good judge of who to "invest" in when it comes to music. I'd base my investment on taste, which probably isn't the best financial decision. That said, if I had the money to invest, I would wait until he released a full length album. If it's an album I can put on, listen all the way through, and want to turn it on again, I'd invest. Otherwise, I'd leave it alone.

1 month ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Smart move. Wait for signs of blowing up before throwing in the moolah.

1 month ago

Karen M guru

What type of music do you like?

1 month ago

Right now, Americana is the best descriptor of what I've listened to the most lately. As far as hip hop the latest performers I've liked the most are Childish Gambino and Anderson .Paak.

1 week ago

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Karen M guru

I listened to your tune 'Again'. I'm a fan now! I do believe investing in musicians can be very profitable, with a great return on investment. It's a tough business. Another crowdholder, De Gem,  is also a musician. I'm a fan of his too. Good for you, working with some big names already. They can give you lots of great advice &  what to steer clear of. Stay on the right track. Too many artists make it big then then it goes to their head & they lose it all. Be smart &  I'm sure you'll go far.

1 month ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Thank you Karen. If I release my album I'll send you a vinyl copy. What is your email?

1 month ago

Karen M guru

My email is kbyz63@gmail.com

1 month ago

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Tim Prior guru

Crypto / Blockchain enthusiast and investor.

Took a listen to De Gem's rap video - I'm a fan now too. :)

1 month ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Thank you, guys. I'm honored.

1 month ago

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Dean Walsh guru

Don't listen to me because of who I am, I'm nobody like everone else.

If the price was right I would invest in literally anything.

The issue is what is the right price. I agree with Eric Dexter below that investing in independent music artists is very speculative. Of course this could blow up and make a lot of money, but it seems much more likely to me that it would fail to recoup the costs. Those costs are not astronomical with $350k being raised, but they are still significant for an upcoming indpendent artist. Based on that I think I would probably be out unless investors really got the lion's share of any profits.

For some people, however, this kind of thing could be an enjoyable hobby investment that they might get additional satisfaction from following and supporting. I followed SingularDTV and their Tokit platform for a while, which also has musicians, filmmakers and other creatives raising funds and issuing their own tokens. They haven't really had much success with that, but I still think it could be a good idea if done well.

1 month ago

It would certainly depend on who is backing you.  The Gasolina line seemed familiar so that's a negative, copyright trouble is a big deal.  In some ways investing in music might be considered a donation more than an investment, very speculative.  It's one of those areas where I am following a trusted lead with a very small investment that I consider to be a donation.

1 month ago

Karen M guru

Eric, I think by investing, you would get a return on that investment, like on shark tank. Any money made by the musician, for albums, streaming etc , you'd get a percentage. That's more than a donation.

1 month ago

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1 month ago

I am a music fan and would have been put off of not for Eminem. The entertainment industry is hot cake and I believe Its worth investing in. I would invest. Because I love music and this is good business.

1 month ago

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1 month ago

mike dmann guru

I am excited about the future of all crypto currency.

I couldn't leave it on  or turn it off fast enough. I hope the majority of pitchs will be about business and not someone name dropping expecting a deal. I like the idea but not the example. 

1 month ago

Karen M guru

Leave it on or turn it off? Which one? It's gotta be one or the other.

1 month ago

Karen M guru

Music is a business

1 month ago

mike dmann guru

I am excited about the future of all crypto currency.

Terrible music is a business.

3 weeks ago

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Tim Prior guru

Crypto / Blockchain enthusiast and investor.

Hey, Mike. The majority thus far have been more of what you might prefer to see: tech start-ups, products, etc. I chose this example as it was the most recent. But I'll be showcasing others too. :)

1 month ago

Karen M guru

Hi Tim, my email shows your response about plagiarism by Ejay Dario. It looks like it is removed now, So I couldn't reply to you there. I also reported him/her. Ejay is still on the leaderboard. I hope they deduct rewards he wrongfully earned

1 month ago

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Tim Prior guru

Crypto / Blockchain enthusiast and investor.

Yeah, I ended up marking it as spam, instead of plagiarism - that got rid of it. And agree, shame to see somebody earning from the work of others. I'll alert Ethan via Telegram if they don't pick up on us reporting it here... :)

1 month ago

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De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

One of the projects I've been waiting for. We're in the music era where streaming alone is making some musicians comfortable at home. A lot of independent artistes have broken out as a result of streaming platforms such as Tidal, Deezer and Apple Music. Today, you don't necessarily need a major record label to be able to make ends meet from music. To invest in this guy's project, I'm going to consider only royalties from streaming platforms (even though there are a whole lot of other ways to make money from his music)

The figure below shows what the major streaming platforms pay per stream and the average number of plays needed to make a minimum wage from them. (Please note that figures are approximately correct)

 

The pre-stream rate is in US dollars, so basically, if I stream Michael Greene's song once on Napster he's paid $0.019. If a thousand people stream once on Napster, Michael (or Persia Grai) gets $19. If there are a thousand streams every month, Michael earns $19 every month. In order to make the US minimum monthly wage of $1,472 on Napster, Michael will need 77,474 streams. To earn the same amount of $1,472 on Tidal, he will need 177,604 streams. The cycle continues for the other platforms.

Remember this: A single song/track can earn you all of that amount from the various platforms.

Now if you find the total amount from all the 9 streaming platforms for a single month, you have 1472 x 9 = $13,284. For simplicity sake, I'm going to use $13,000 for all 9 platforms. Let's say the song gets this consistent streaming for only 5 months (which many songs even surpass all the time). That gives $13,000 x 5 = $65,000 for five months (but still from one song)

Assuming the artist releases 5 more songs, it gives a total of six songs. Let's say all the songs earn the same amount as the first for the same time period of five months. This will give $65,000 x 6 songs = $390,000

Notice I considered 6 songs, a time period of 5 months, 9 streaming platforms and a monthly income of $1,472 for each song. With only that I cracked $390,000 and don't forget that amount is even reduced because I used $13,000 instead of $13,284. Again, this amount is from streaming only. If you deduct the $350,000 Michael (or Persia Grai) is asking for from his revenue generated, which is $390,000, you're left with $40,000 - meaning the amount he's asking for is very reasonable.

Now I didn't consider revenue from downloads, songwriter royalties, concerts/live shows, youtube ads/monetisation, television ads/commercials placements and possibly movie placements. When done very well, the artiste can make quite a good amount of money from all these areas, meaning the investor can recoup some decent profits as well. Also, as long as the artiste keeps releasing music and promoting it the right way, his fanbase keeps growing thereby increasing his income.

I don't know what Michael's numbers are but if he's hitting close to these streaming numbers for even five of the streaming platforms, he's worth investing into. Otherwise, save your money. Also, he has experienced people such as Wendy Day to guide him through the industry. That's a plus.

So do musicians make good investments? - Yes, they do if they have the right guidance. 

Could Persia blow-up? - Yes and noYou don't need to blow-up to make money in the music industry today. You can make tons of money as an independent artiste with the right management.

And of course the big question: If you held PITCH tokens, and this were a tokenised offering, if the price were right, might this be something you'd consider investing in? - Yes

Or are you out? - I would be out only if the musician I was planning to invest in wasn't hitting any of the numbers I forecasted. At least hit some and then we can find a way if picking it up from there.

1 month ago

Tim Prior guru

Crypto / Blockchain enthusiast and investor.

Learned a lot from your post there De Gem. While the ability to fund with PITCH tokens is not yet live. Were it, you may well have changed my mind here. I likely would have been in the camp that viewed investments in musicians as something I'd steer clear of - but you definitely make it sound like something much more practical, in terms of the numbers...

1 month ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Oh yea it's very practical. Majority of people think a musician has to "blow" or "blow up" before they can earn. It's not so anymore. With the correct promotion and tracking, an average artiste can churn out some very decent profits.

1 month ago

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That was incredibly interesting to read.

Great post. Thanks for sharing this De Gem, you've got my up-vote

1 month ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Thank you, Steven. I also learn from guys like you.

1 month ago

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