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Sound Legends

Operating

Sound Legends Inc.

Software & AI · Miami, FL · Founded 2012

Provide musicians with largest suite of tools available to be able to copyright, license and distribute their music

Post-money valuation ⓘ
$32.0M
As of Oct 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$0
Across 1 round since 2022
Latest share price
$1.00
Reg CF · Common Stock · Aug 2022 offering price

Financials

FY2020–FY2021 · from SEC filings · hover any figure for its source
$0
2020
$0
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed*
FY2021 reviewed*
Income statement
Revenue
$0
$0
Cost of goods sold
$0
$0
Net income
$0
$0
Taxes paid
$150
$150
Balance sheet
Cash
$822
$2,793
Accounts receivable
$0
$0
Total assets
$822
$2,793
Short-term debt
$0
$0
Long-term debt
$0
$0
Total liabilities
$0
$0
Other
Headcount
—
12

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
$32.0M
pre-money
Reg CF · Common · Aug 2022

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

Cap table

Principal holders% as the filing states it, Aug 23, 2022

  • Owned Zackary S. Kanner Revocable Trust15,000,000 Common Stock46.4%of company
  • Marshall Holdings6,000,000 Common Stock18.6%of company

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

Reg CF · Common Stock · Aug 2022Withdrawnvia StartEngine
Raised $17.7K / $1.1MInvestors 3Post-money $32M

Team

11 people
Alex Malagon
CEO, President, Director & Founder

Our frontman & lead vocals. Alex is a 20+ year ad executive and entrepreneur who has worked with an array of notable companies. From promising startups to established Fortune 500s such as Marriott Bonvoy, LVMH & Capital One. His expertise includes entertainment, music, hospitality, luxury brands, and fin-tech. When discussing his legacy project Sound Legends, he had this to say. "Sound Legends is my most exciting endeavor and my 'legacy'. I've always loved the power of music and the brilliant minds that create it. Unlike a book that may take weeks to read or a three-hour movie, a four-minute song can change the world. This is why I co-founded Sound Legends. To create a global platform for millions of unheard voices to get their music out there and change the world". Now that's legendary. Alex works approximately 40 hours per week in his roles with Sound Legends and approximately 10 hours per week as CEO of Dademade, Inc.

Zackary Kanner
Co-Founder, Board Member

Zack is an established musician and visionary. He provides Sound Legends a unique independent artist perspective that ensures our platform answers all the challenges that independent artist face when trying to get their music distributed.

Joshua Orlinksy
CFO

Josh has over 7 years of experience as an associate in a Financial Group and is now Managing Partner of Equiturn Business Solutions, which he has been doing since 2018. He also holds a Finance Degree from Florida State University. He is currently on leave of absence for his role at Sound Legends.

Raymond Dias
Chief Compliance Officer

Ray is a 20-year securities trader who worked on Wallstreet for most of his life. Now he calls Sound Legends home and looks to ensure our offering is a success while also being compliant on all fronts. Ray spends 16 hours/week on Sound Legends.

Ricardo Porven
Chief Technology Officer

Rick Porven is a veteran advertising and development agency executive with 25+ years in the business. He has worked with both well known Fortune 500 companies as well as ambitious successful startups. In addition to his many branding abd marketing talents, he’s also a lead vocalist for his band. He’s one of our true rockstars and lucky to have him. Ricardo spends 30 hours/week on Sound Legends.

Jim Trice
VP Digital Marketing

Jim is manages our digital marketing teams for both Sound Legends and Sound Legends NFT Marketplace. If you're a potential user, Jim will find you. That is, if he doesn't make you find us first. His expertise include search engine marketing, geo-fencing, email marketing and paid search. Jim spends 30 hours/week on Sound Legends.

Robert Galaso
Director of Geo Marketing

Bobby enhances a solid team of marketing experts by creating content and strategies that engage new audiences from around the globe.

Ron Krudo
Director of Global Operations

Ron plays a key role ino global positioning. Wether it's planting our flags in emrging markets or creating our country based licsening model, Ron provides a 'big picture' perspective for the Sound Legends team. Afterall, it's a BIG world with 195 countries and billions of eager music fans. We want them all and Ron will make sure we get them.

Andrew Coldicut
Legal Advisor

Andrew is an expert SEC attorney which provides legal support for Sound Legends. His responsibilites include managing the often complex and changing laws and regulations that apply to financial investments such as ours.

Show 2 more people
Dindy Yokel
Medi Relations/PR

Dindy Yokel is a legend in PR and media relations who has represented some of the most notable companies on the planet. Dindy overseas our communications and insures we're speaking in one united voice. She's the reason stars, influencers and well known publications have us in their sites.

Lucien Stephan
Lead Developer

Luicen leads our team of talented developers and programmers to deliver users beautiful experiences. He's a skilled UX/UI wizard who's been at it for well over 15 years. Lucien insures our platforms are dynamic, intuitve and continue humming. Lucien spends 20 hours/week on Sound Legends.

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

Not obligated

never closed a Reg CF raise

3 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-WOct 14, 20220001665160-22-002768
    EDGAR
  • Form CAug 23, 20220001665160-22-002278
    EDGAR
Source: ManualCIK 0001932681FLShare price $1.00

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.