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Live Music Tutor

Operating

Live Music Tutor Inc

Media & Entertainment · Winter Springs, FL · Founded 2011

Changing the Way the World Learns Music

Post-money valuation ⓘ
$36.4M
As of Jan 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$310,381
Crowd $55K · Private $256K · 2 rounds since 2019
Latest share price
$5.00
Reg CF · Common Stock · Jun 2021 offering price · down round

Financials

FY2019–FY2020 · from SEC filings · hover any figure for its source
$158K
−$105K
2019
$161K
−$188K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed*
Income statement
Revenue
$158,076
$160,797
Cost of goods sold
$49,693
$82,670
Gross margin
69%
49%
Net income
-$105,231
-$188,266
Taxes paid
$0
$0
Balance sheet
Cash
$4,652
$3,501
Accounts receivable
$373,868
$371,165
Total assets
$1,862,720
$1,733,241
Short-term debt
$207,866
$94,253
Long-term debt
$1,491,900
$1,491,900
Total liabilities
$1,699,766
$1,586,153
Other
Headcount
—
14

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$36.3M
pre-money
Reg CF · Common · Jun 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$6.9218$3.4609$5.00
Jan 2019Jun 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Jun 2021 (-27.8%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2020
ClassOutstandingVotes / shareShare of totalLast price
Common Stock5,682,500—100.0%—

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $54.6K / $1.1MInvestors 44Post-money $36.4M

Team

9 people
Ted GeeFounder
President and CEO

Ted has served as an officer in the United States Army. He has held leadership roles such as Chief Operating Officer and President, as well as a leader in some high-profile fortune 500 companies including Corning, Pulte Homes, Harley Davidson, and Ingersoll Rand. Ted has been an extremely successful leader as he has led in a variety of change, turn around and startup organizations. He has helped to transform organizations through cultural change and process improvement. Ted had process improvement training in the United States and Japan, and he is a sensei in lean and expert in lean/six sigma tools He is multilingual and has completed postgraduate work at MIT Sloan and Chicago Booth. Ted is the author of the bestselling book “Hope Is Not A Strategy, simple solutions for doing business in the 21st century” and set to release 2 more books in 2021. Ted works approximately 60 hours per week as employee.

Corey Stanford
Chief Technology Officer

· Has over 15 years of experience in the software industry as a Co-Founder and CTO, delivering large-scale global platforms and executing operational strategies. · Designed, developed, and co-founded the web-based music technology platform Blazetrak.com, which generated over $1M in revenue without receiving an institutional investment. · Holds a US patent for developing a review management system for audition portfolios. · Serves on the board of directors and advisors for several ventures in the areas of tech, music, fashion, sports, and medicine. · Earned the rank of Eagle Scout and served as a Scoutmaster for an award-winning troop. Corey works approximately 30-40 hours per week as a contractor.

Joe Lyons
CFO

Served as finance officer for the University of Pennsylvania Medical School physician faculty Formerly a top executive in a $1 billion+ integrated health care delivery system recognized by Fortune Magazine as one of the 100 best employers in the US. Formed a consulting firm serving clients across the US Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), with a master’s degree in Liberal Arts from the University of Pennsylvania. Served on several governing Boards over the past 25 years as a Board member, executive and advisor. Joe works approximately 10-15 hours per week as a contractor

Anne Thorne
Sales Lead

Anne has over 30 years of corporate experience in Sales, Marketing and Communication. Her background includes 25 years at Verizon Enterprise Solutions where she served in Global Business Operations, Global Training, Sales Enablement and Sales. Her responsibilities over that time were widely varied and included working in the Life Sciences and Healthcare Technology field, Revenue Retention and as a certified Miller Heiman instructor and Advanced Presentation Skills trainer. Additionally, she has extensive experience working in the planning and execution of corporate events such as Customer Advisory Boards, trade shows and executive events. Anne works approximately 10-20 hours per week for LMT as a contractor.

Cynthia M. Smith
HR Lead/Music Leadership Team

45+ years human resources experience in private, public and corporate environments; playing piano and organ since age 15 and 30+ years directing various church music groups. Cynthia works approximately 10-20 hours per week as a contractor

Harold Scott
Board Secretary

Harold joined the board of directors of Live Music Tutor in 2014 after several years of business consulting on human capital matters. Over the prior 12 years Harold served as the Vice President of Human Resources for Harley-Davidson Motor Company and Otis Elevator (United Technologies) with worldwide responsibility for all human resources matters including labor/employee relations, compensation, benefits, learning & development, succession planning, health, safety & security, diversity, facilities management, environmental affairs and staffing. Always interested in Information Technology, Harold co-founded one of the first retail computer stores in the United States in 1983; well before computers were a household necessity. After retiring, Harold consulted for Accenture and Cargill but now spends his time keeping abreast of business/human capital issues, playing golf and traveling. Harold was born in New York, New York, raised in rural Michigan and holds a bachelor‘s degree from the University of Michigan. Married to Cynthia, he has 2 adult sons and resides in Slingerlands, New York.

Shawn Taylor
Operations Lead

Shawn has served in leadership positions primarily in operations, change management, and systems implementation. He has spent the last two years with Translarity, Inc. (a semiconductor industry supplier) as Director of Program Management and he spent nine years with Freescale Semiconductor, Inc as Global Sales and Operations Manager. Prior to that, he was the client-side Implementation Manager for Hewlett Packard and Compaq Computers. Shawn worked for Anderson Consulting (Accenture) as an Implementation Manager for warehouse and transportation management systems and held leadership positions at Harley Davidson in logistics, manufacturing, procurement, and supply chain. Shawn is in his 5th year as the Staff Parish Relations Committee Chairman of his local church. He graduated from Penn State University with a BS in Business Logistics (Supply Chain Management). Shawn resides just outside of Austin, TX with his wife, middle school daughter and elementary school son. Shawn currently works approximately 10-20 hours per week for Live Music Tutor as a contractor

Ed Bailey
Board Member

Vice President, Brand Development, Austin City Limits TV/ACL Live @The Moody Theater Ed is the senior manager of the ACL Live business development team and is responsible for sales strategy and revenue through Corporate Partnerships, Concession Rights, Premium Seat and Suite Program. Sets overall partnership relationship and retention strategy. Assists GM and ownership group identify new areas for revenue development. Ed also manages strategic alliances for the iconic TV Series, Austin City Limits for AustinPBS who own the ACL trademarks. Ed has been focal in the development of ACL Live since conception and played a significant role in creating the ACL Music Music Festival. Prior to joining ACL, Ed was part of the team that launched the Rock and Roll Hall of Fame + Museum. Ed also serves on the City of Austin Tourism Commission representing District 3.

Larry Williams
Board Member

Larry Williams is the owner/principal of Larry Williams Consulting LLC, a Northeast Florida based government relations consulting firm. Larry is a Designated Professional Lobbyist and an active member of the Florida Association of Professional Lobbyists. Larry is a native of Northeast Florida and lives in Fernandina Beach, and has been involved in the political and legislative arenas for more than fifteen years. After completing active duty service in the United States Navy submarine force in 1986, Larry returned to Northeast Florida and began his business career, working for the next 22 years in key industries including finance, banking, mortgage banking and human resources. During this time Larry served an additional ten years in the Florida Air National Guard, and retired from the Air Force Reserves in 2005 after a combined total of twenty years of honorable military service. In 2008 Larry was asked to serve as the Legislative Aide, Budget and Policy Director and Chief of Staff for Florida State Representative Janet Adkins. As Senior Staff Member, he was responsible all aspects of budget and policy strategy for the elected member of the Florida House of Representatives. This included identifying key objectives and formulating policy and strategy, developing communication plans and tools to support policy positions, and implementing budget and policy objectives. Larry was responsible for managing all aspects of the legislative process on behalf of the Representative. This included researching legal issues and crafting position documents, crafting and writing proposed legislation, collaborating with legislative committee and governmental agency staff in advocating legislative initiatives, and managing relationships and building coalitions with other members of the legislature as well as other government and non-government entities to promote support for legislative policies and initiatives. Larry is also actively engaged in several county, regional and state organizations focusing on community issues. He was appointed by Florida Governor Charlie Crist, and subsequently reappointed by Governor Rick Scott to the Northeast Florida Regional Council (NEFRC) Board of Directors, where he served as President of the Board of Directors for the 2012/2013 term, and Chair of the Legislative Affairs Committee. As a board member of the Northeast Florida Regional Council, Larry worked with elected officials and local agencies from around the region to provide visionary leadership and coordination between counties and governmental agencies to preserve and enhance the quality of Northeast Florida’s natural, man-made, economic, and social environment. Larry also serves as an appointed member of the Florida Regional Council Association representing Northeast Florida. Larry is active in several Chamber of Commerce organizations, serving on the Government Affairs Committee of each. He also served multiple years as Chair of the Government Affairs Committee of the Greater Nassau County Chamber of Commerce. Larry lives in Fernandina Beach with his wife Mindy and daughter McKenna.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 5 annual reports (FY2021–FY2025)

Missing: 2021, 2022, 2023, 2024, 2025

44 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UJan 11, 20220001665160-22-000076
    EDGAR
  • Form C/ADec 7, 20210001665160-21-002154
    EDGAR
  • Form CJun 8, 20210001665160-21-001019
    EDGAR
Source: ManualCIK 0001861899DEShare price $5.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.