Harmonic Detective Overview
Recently a US product development and design company offered to pitch Harmonic Detective to a US electronics manufacturer and retailer. I seek an angel who will to fund this stage; in return I will offer a share of the license and royalties. The contract with the product development company does not ...
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Recently a US product development and design company offered to pitch Harmonic Detective to a US electronics manufacturer and retailer. I seek an angel who will to fund this stage; in return I will offer a share of the license and royalties. The contract with the product development company does not require futher investments - except a $385 repackaging fee if they must pitch to a second company. The amount of money required to enage the product development and design company is between 10k -13k US$ and under the terms of the contract, I would retain all interest and rights in the IP.
AU$15,000 on market research and determined that a market exists with young and inexperienced musicians who had not yet trained their musical ear.
Several 1000 hours developing a software prototype demonstrates the technical feasiblity and the functionality.
Core Team Members
As a sole trader there is only me. I hold a Doctorate of Communication and Information Studies, BA (Honors) 1st-class; and BA (Professional and Creative Communication). I have a background in IT, writing, and more recently marketing.
Company Vision & Future
Under ideal circumstances, the future rests on a healthy license and royalty agreement with a manufacturer and retailer of electronic products and software.
Current Valuation
I have close to $11,000 in cash and managed funds
Exit Opportunity
When the market starts to decline, I may retire the license and royalty agreement and sell outright the rights to the product. At point I would negotiate a reasonable split with my equity partner.
Ideal Investor
My ideal investor has business experience, passion, enterprise, enthusiasm, energy, and a level-head