Industries

Entrepreneurs

Harry Gosling

CEO & Co-Founder

Harry has diverse experience within the ICT industry and managed a wide range of activities such as strategic Marketing, Sales, Product Management, Project Management, and System Architecture.

Sam Wade

CEO & Founder

Experienced Sales/Project manager in the field of IT-services, interested in forging new business relationships as well as in constant professional and personal growth.

$ 0 K Money Invested

Mp3Ready has joined FasterCapital's portfolio.
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Details

Mp3ready is a service for music lovers that allow them to discover, listen, download and share music with their friends. Mp3ready offers users the ability to listen to music found on the internet for free. Mp3Ready, founded by Harry Gosling and Sam Wade, is a music search engine and recommendation platform that allows users to discover, listen, download, and share music with their friends. The idea for Mp3Ready came about when the founders realized that there were millions of mp3 files stored on the cloud, waiting to be discovered. They saw an opportunity to create a search engine that could retrieve these files and provide users with a seamless music listening experience without the need to store the music on any device.

Idea

There are tons of mp3 files stored on the cloud and you just need an engine that can retrieve them for us. This will allow us to play any piece of music without the need to store it on any device. Having also a recommendation engine as well will be a bonus!

Challenge

If you visit 4shared.com then you will find lot of mp3 files laying around. The same for many websites where people upload their music to the cloud. Is there a way we can play those songs? Is there a way where we can make a search engine from those songs?

Solution

We are building a search engine on deep web to find all the music buried in the web. The engine will be able to identify and crawl sites and get mp3 files.
We also need to make a specialized player which will be able to use the search engine results to play a specific songs. Then we will need a recommendation engine to allow people to like a piece of music then discover new pieces from it.

Story

We came up with the idea when we remarked that each of our friends has an account online where they store their songs. Those songs were accessible from a browser but known in most cases only to the owner. We were trying to look into our friend's directory to discover new music that we might like. Then the AHA moment came when we thought, why couldn't we turn this into an engine?
We contacted people in FasterCapital, explained our idea and prepared a business plan. They had already experience in developing a search engine and thus they can grealy help us as we don't have to start from zero.
We discussed on how we can improve on the crawler, increase its speed and make it dedicated to mp3 files. We crafted the specifications together and we started! After four months of working with them, we had a prototype. To our surprise, the prototype was able to find 100 million mp3 files within a month! After more improvement and running it for six months, we were able to cross our 2 billion songs!
The engine has also a recommendation style to allow users to discover music available online.

	Mp3ready	Spotify
Music Search Engine
Recommendation Engine
Social
Music Streaming
Music download		Only if registered
Hosts Music
Search capabilities	Search the whole deep web for music	Search only the music that it is hosting
How many versions of each song	hundreds or thousands (different live parties, bitrate, mixing, Djs...etc)	limited only to official releases
Search Feature	Artist, song, bitrate, file size and any other keyword	Artist, Song
Pricing	Free (supported by ads)	Free (supported by ads) or paid (payments depend on country)

Videos

FasterCapital helped bring our idea to life by providing business advisory. FasterCapital helped us do our market study, market analysis, and SWOT analysis. The insights they offered on the business aspects of the startup such as marketing and monetization were fundamental to building the right product and to reach the level we were able to reach.

Sam Wade Entrepreneur - Mp3Ready , Idea to Product

I was in contact with some of the entrepreneurs who worked with FasterCapital and they highly recommended it and now it is my turn to recommend it to other entrepreneurs. The program had a great thought-out plan and the managers at FasterCapital took into consideration our specific needs and areas that should be worked on. Our customer base expanded at a considerable rate and is still expanding thanks to the long-term focus of the program.

Sam Wade Entrepreneur - Mp3Ready , Grow your Startup

Raising capital for our music search engine app and platform was not an easy task. We needed to allocate resources and money into it and with not much positive results. Having FasterCapital's team to support us and connect us with funding sources has been a great advantage throughout our journey.

Sam Wade Entrepreneur - Mp3Ready , Raise Capital

Building the product for MP3ready was an essential and highly central step in our journey. We wanted to build a product that offers a unique experience for the users and the competition was already tough. The team at FasterCapital helped us define and refine what the product looks like and offered interesting and highly innovative ideas for new and future features. We are glad we joined the program as it saved us money and time.

Harry Gosling Entrepreneur - Mp3Ready , Tech Cofounder

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Mp3Ready's News (5)

22 May 2020

Series A funding of USD 5,250,000

Mp3Ready, the startup that was founded with the mission of helping music lovers easily find and download their favorite songs, has closed its Series A round of funding . Led by FasterCapita, the round raised a total of $5.25 million.

“We’re excited to have such a strong and experienced team backing us as we continue our mission to make music discovery easier for everyone,” said Mp3Ready CEO and co-founder Harry Gosling.

Mp3Ready has been making music discovery easier for over a year now, with its app and website providing a one-stop shop for finding, downloading, and streaming songs. The company has already helped millions of music lovers find their favorite songs and is continuing to grow at a rapid pace.

“We’re thrilled to have such an innovative and forward-thinking company like Mp3Ready join the GV family,” said GV General Partner Rachel Whetstone. “We believe that Mp3Ready’s app and website will be a huge help to music lovers everywhere, and we’re excited to help them continue to grow and change the way music is discovered and enjoyed.”

09 Dec 2019

Raising $800,000 in bridge financing Round

Mp3Ready has secured $800,000 is a quick bridge financing round raising USD 800,000. The budget will be used to improve the deep web crawler and improve the results. There will be also updated to the android and iOS apps as well.

22 Feb 2019

Raising $1,200,000 in Pre-Series A round

FasterCapital has helped Mp3Ready from United States to raise USD 1,200,000 in its Pre-Series A round of funding through the Raise Capital program. The startup is offering the biggest database of MP3 songs crawled and gathered from the deep web. The number of mp3 indexed exceeds one trillion files and allows users to listen to music from the cloud without downloading anything! Participants in this round include FasterCapital, Shuttle, and several angel investors.

05 Jun 2018

Mp3Ready vs Spotify

We have got a lot of questions regarding Mp3Ready and how is it different from say Spotify. Here we would like to highlight the differences. Spotify is a service that hosts and distributes music to its users. Mp3Ready is a search engine which has mined the deep web and discovered all music files, has indexed them and allowed users to play them. So Mp3Ready has discovered and indexed millions of music tracks online and thus it has a huge amount of music that is already online. Spotify is limited to the music that has copyrights for! Mp3Ready is not distributing music illegally. It is simply pointing you to where they already exist! If you search Google for a piece of music then it will show you a list and mp3ready is doing the same but in a more clever way where music is identified and played online or in a mobile app. mp3ready is based in United States.

17 Apr 2018

Mp3Ready, a search and recommendation engine for music, is funded!

Mp3Ready (which based in United States) is a search engine on the deep web to find all the music buried in the web. The engine will be able to identify and crawl sites and get mp3 files. FasterCapital has already accepted Mp3Ready in its incubation program and will be providing technical development per equity. FasterCapital has invested $756,000 in the seed round of funding. The entrepreneurs behind such innovative idea are Harry Gosling and Sam Wade. Thanks for our regional partner Daryl Adler who brought Mp3Ready.