Since I was a computer science and marketing student in college, I have always been fascinated about how computer science and marketing can help people attain financial independence. In 2004, Facebook changed the world. I was in my junior year of college and I promised myself to one day make an impact with software that would change the social media landscape.
Unfortunately for me the real world happened and in 2006 after graduating I became a data analyst for Morgan Stanley. Though I had the fire of an entrepreneur all through college, student loans and bills had made me into my parents. I was going to work day after day looking at my 401K and leading a sedentary lifestyle. Due to the stock market crash of 2008, I lost everything including my job. I had to move back in with my parents as well as get part time jobs. Jobs that my degree was useless in. I then decided that no matter what it took I would get back my entrepreneurial spirit and create an app that would change the world like Facebook. For the next 10 years I worked to pay of my debts as well as research and come up with an idea.
Finally in 2012, a brief conversation with a college friend who had gone into the music industry and had lost his music masters and money gave me a unique idea . I could create an App for the independent musician that incorporates all the facets to make them their own record company. From selling music, merchandise and show tickets all in one place. The idea was that an artist with 100 thousand fans can make a living doing what they loved without compromising their music. This is FoxFeed, which I am hoping to develop with your help.
This loan is special because:
More about this loan
BMGnation is a global, international marketing and technology company providing IT management, IT consulting, Technology services and Outsourcing services. Our mission is to acquire and manage key aspects of the custom software development, IT services, IT infrastructure and solutions building for the clients. BMGnation helps organizations maximize their performance, cost-effectiveness and works with them to improve their business processes using software for processes automation. We implement technology to improve the customers’ productivity, work processes and efficiency.
BMGnation is currently working on an app called Foxfeed. Foxfeed is an app and website that allows artists to upload their music, videos and podcasts or live shows enabling their fans to stream and or purchase it. They are also able to sell tickets to their shows through the app as well as merchandise through their personalized shop store. Foxfeed will have a user interface similar to Pandora app. All icons with radio or station at the end should be replaced by feed e.x “share station” should be “share feed” Artists will be able to upload through the website and app similar to soundcloud (app/site)
What is the purpose of this loan?
This loan will help our company purchase much needed equipment to better improve our products. With the latest technology our production will improve tenfold . This will enable our production cost and time to be reduced by half.
> for new software > for new equipment > for staff and designers > for misc expenses
Years in operation: More than 5 years