- Streaming music is an 8 billion dollar market and the payout potential with Coda Music is massive
- We have already launched Coda Music and have seen over 100K listeners in the first 3 months
- This is not our first startup, both founders last venture had a successful exit for investors
Coda Music is the world's first crowdsourced streaming music service. We play great, fresh music for our listeners and help them discover new music by connecting them with other music fans with similar taste as their own. Our next phase will introduce another brand new concept to the 8 billion dollar streaming music industry: prepaid listening plans! While Spotify and Apple Music charge $10/mo for unlimited service, Coda will introduce $3/mo prepaid plans that will disrupt the status quo.
10M paid subscribers on either the Ad Free listening service or the prepaid listening service. This number represents 1/6 of the current subscribers between Spotify and Apple in the USA today. Following the path of the cellular industry where 30% of all subscribers choose prepaid mobile plans, we intend to be the first, and premier prepaid streaming music service in the world. These projections cannot be guaranteed.