Co-founders of Breakr (from left) Rotimi Omosheyim, Ameer Brown, Daniel Ware and Anthony Brown.
Four Florida A&M University (FAMU) alumni and their company Breakr are among seven companies selected out of 1,200 applicants for an accelerator with one of the top venture funds in the world.
Breakr is competing in the Talented & Opportunity (TxO) Initiative being hosted by Andreessen Horowitz, a venture capital firm in Silicon Valley, California, that backs bold entrepreneurs building the future through technology. The TxO Fund is a donor advised fund managed by Tides Foundation.
The TxO Fund’s standard investment terms provide that in exchange for $100,000, an entrepreneur agrees to give Tides Foundation, as sponsor of the TxO Fund, a SAFE note that converts into a 7 percent ownership stake in the company. The 10-month program runs through July 2021.
Breakr is a music-tech start-up that connects emerging artists with influencers, creators, DJs, artist & repertoire professionals and music fans that can monetize their social influence and digital real estate across platforms by breaking new music. The app was invented by Ameer Brown, a 2014 public relations major and Fortune 500 software engineer, and is being led by Tony Brown, his older brother.
“The app allows DJs, artists and influencers to connect based on geography,” said co-founder and CEO Tony Brown. He said the startup has raised $700,000 and have signed up 2,500 influencers and 5,000 artists in the two weeks since the company launched its app. “It’s clear the growth is going to be tremendous on this project. It is beautiful to see my brother’s invention being received by world. His background throwing amazing parties with our co-founders, Daniel Ware and Rotimi Omosheyin has aggressively collided with his technical prowess in a beautiful way.””
Brown is a 2010 FAMU graduate who has worked at Goldman Sachs, JPMorgan Chase and elsewhere in the finance industry. He is based in Austin, Texas. Brown and his cofounders are dreaming big.
“I want this to be to a $10 billion culture first media conglomerate powered by technology,” Brown said. “Technology is the future. Kids are smart enough today to test things out. There are so many low-cost solutions. We only spent $30,000 on this product and we are about to make millions off it.”
The other co-founders are Brown’s younger brother, Ameer Brown, a 2014 public relations graduate and a software engineer based in San Francisco; Daniel Ware, a 2013 SBI MBA graduate, who is brand director at Ten35, and for Rotimi Omosheyim, sales director at Tyson Foods, both are based in Chicago. All four were members of the FAMU Beta Nu chapter of Alpha Phi Alpha.
The goal with the TxO Initiative is to help emerging cultural geniuses by providing them access to a new system of funding, training, and mentorship that helps these entrepreneurs build durable, successful companies around their cultural innovations, the company said on its website.
For more information about Breakr, visit www.musicbreakr.com