Let’s meet Startup, 50DMC:
In a few sentences, tell us what your start-up is all about!:
50DMC Allows musicians to source more ideas and to reduce the gap between their available funds and the budget needed to make more music videos, provides a platform for filmmakers that not only allows them to promote themselves directly to their customer segment but also generates music video leads, while letting fans to meaningfully contribute ideas or even funds.
We reduce the funds gap by connecting musicians with not only local filmmakers but also ones from lower economic countries which results in lower production costs and by engaging their fans in ways that encourage them to also chip in financially. Filmmakers can access a much wider net of musicians that are actively seeking to commission music videos without the need of running expensive adverts and core fans of an artist can potentially influence the outcome of their next music video or even get their names in the credits for a small donation.
When was your startup founded? And what stage is your startup currently at?:
15 April 2016
Who are your competitors? And what is your start-up’s competitive advantage over them?:
We allow musicians and filmmakers to produce music videos that fans love.
Let us know a bit about your team, who are the key team members and what is their role?:
I’ve saved time and money for The Fletcher Buildings: “Gabor’s creative innovation and product application to the trade through the software products freed up substantial amount of time for us…” I’ve also produced hundreds of music and commercial videos too: “an extremely talented producer and I’ve had the opportunity to work with him on a number of projects…”
I used to do music videos quite a lot in 2009/10 but there was only a small budget for most of the clips. You spend more on advertising and always end up with clients who don’t really have money. It’s a big problem, especially considering how fun it can be to make the clips, and the benefit to the artists in terms of promoting themselves.
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