- I am a statistics major at UF. I am a musician, which was my inspiration for my software concept. My aspirations for this concept is for me to develop a rough draft, and eventually sell the rights to a company that has the funds to perfect it. Since I do not plan on becoming a songwriter, I do not think this product will play much of a role in my life.
- I’m offering a software that reads an audio file of a song, and compares it to a large database of songs. It does this by detecting the main components of the song (how fast the song is, chord progression, the melody over top, and the lyrics). The goal of this software is to ensure one’s song is not too similar to another song currently on the market, therefore making it liable for copyright. Right now the only system that provides the same service is to show a song to your others, and they’ll let you know if it reminds them of a certain song. This system is obviously flawed, hence the unmet need.
- The target customers are professional Singer/Songwriters, musicians, and record labels. All of these are present in the music business, and sell their musical content.
- This is valuable because it lets the customer know for sure that their song is truly unique, and is a safety measure protecting against a potential lawsuit.
- Because there is nothing else like this, there isn’t any competition. So… what I have that others don’t is this service.
All these elements fit together well. I have musical knowledge, so I understand the process of comparing songs. I know that a need exists (a lot of artists have been sued for this reason). And there wouldn’t be any competition assuming this product could successfully be developed.
Since the feedback in my first idea napkin didn’t offer much to change, I mainly kept the same details in this assignment that I did the last one, except I explained the product a little more.
Beau,
ReplyDeleteIt's great to hear that you are honing in on your purpose with your concept. Do you think if you were able to get the resources you needed to develop this software and application that it would make you interested to be involved in it on a full time basis? Also, would the fact that you were able to successfully develop the software be enough for your satisfaction? It's great to hear how this idea is continuously improving, I hope it works out!
Hey Beau, I loved reading this idea napkin because it really showcases a one of a kind business opportunity. Having no competition is a key to owning a successful business; it is clearly a need so this will provide you with great potential. I also think that your musical background will be a very strong asset when getting this business up and running. I think that if you were able to create this software, you will be quite successful in the future.
ReplyDeleteVery neat idea! I have a friend who creates remixes of songs. Do you think this idea can be used to see what makes a song different from another? Do you think it could be detrimental to some artists who make money base don their ability to create unique sounds? It would be really awesome to hear what somebody like Taylor Swift would think of the idea.
ReplyDeleteHey Beau,
ReplyDeleteI think you have a great idea here. I don’t know that much about the music industry but even I have heard of countless different lawsuits regarding artists suing each other over songs or chord progressions that sound too similar. This sounds like a great opportunity, especially because there is nothing else on the market like it. Great job!