2017 Under the Radar: MusicSpoke scores thousands of sheet music sales
August 29, 2017 | Meghan LeVota
Editor’s note: Startland News picked 10 early-stage firms to spotlight for its annual Under the Radar startups list. The following is one of 2017’s companies. To view the full list, click here.
The sheet music publishing industry is worth more than $1 billion.
Yet when working with traditional publishers, composers hardly see any of that money. Models put revenue for publishers as high as 95 percent with only 5 percent slated for composers.
Jennifer Rosenblatt and Kurt Knecht say the trend is pushing composers toward self-publishing as an option, which is why they co-founded MusicSpoke in 2014. Since then, the platform offers more than 1,000 scores and has sold more than 85,000 units of sheet music from self-published composers.
MusicSpoke keeps 30 percent of the sheet music sales, which is significantly lower than traditional publishing fees the sheet music industry, Rosenblatt and Knecht said. The company has grown at an average annual rate of about 260 percent and has raised about $120,000 in investment capital to date.
After spending a decade in Lincoln, Nebraska, Rosenblatt and Knecht set up shop in Kansas City in July 2016. The pair thought their business’ new home would be a better place to grow MusicSpoke.
“We are delighted to be growing in KC,” Rosenblatt said. “We love the support for the arts and entrepreneurship KC provides. We are looking to hire and grow the team next year.”
Later in 2017, MusicSpoke is expected to launch the Icon Series, which involves a collection of scores curated by the industry’s influential conductors, Rosenblatt said. The firm’s tests show that sheet music promoted by an influencer can sell up to 400 percent better than top-selling scores that are not promoted.
Rosenblatt is a 2017 Pipeline Fellow, has participated in ScaleUP KC! and is a part of the Sprint Mentor Network.
Featured Business
2017 Startups to Watch
stats here
Related Posts on Startland News
Entrepreneur, startup advocate becomes new KC Chamber chair
A prominent Kansas City entrepreneur with some serious startup chops is now serving as the new chair of the Greater Kansas City Chamber of Commerce. Matt Condon, CEO of Bardavon Health Innovations and ARC Physical Therapy, was unanimously voted to serve at the helm of the chamber’s board of directors as its chairman. Condon, 42,…
Video: Healthy workplace culture begins with intention, communication
Editor’s note: This content was sponsored by Mid-Continent Public Library but independently produced by Startland News. Creating a healthy workplace culture must be done early and with intention, said Adrienne Haynes and Dwayne Lewis. To help startups develop a strategic human resource plan, Haynes, managing partner of SEED Law, and Dwayne Lewis, president of Lewis…
From Google to KC, Beth Ellyn McClendon’s advice to startups: Test everything
Don’t fall in love with an idea, Beth Ellyn McClendon said. “Test everything, especially your assumptions, and allow yourself to be persuaded by data,” said McClendon, a seed investor who formerly worked with Google, Android, YouTube, Cisco and Netscape. “Try to remember — tattoo it on your eyelids if you have to – anecdotes are not…
Bodyrite duo cooks meal prep into personal training concept
Don’t just go with the flow at a traditional gym, Jamil Nelson said. Go with Flo. “Treadmills and ellipticals are pretty archaic to us,” said Nelson — or “Mr. Bodyrite” to his wife, Florese. “A jump rope is way better because it’s going to blow up your heart rate.” Modern workouts are all about functional,…