Introduction
Emerging coaches across the globe lack a ready solution to launch their courses and programs as a business. LiveMasterminds (LMM) is a global marketplace technology platform and an ecosystem that empowers coaches to be bold and embark on their entrepreneurship journey. We help them to launch and scale their service-based businesses to maximize their individual and collective impact.
The exponential growth in demand for learning and development is global and LiveMasterminds opens up the possibility for coaches to engage worldwide in countries where reliable power and internet is available.
Deal Highlights
- $100,000 in revenues in just four months since launching our coaching business
- Two-founder Leadership Team with more than 60+ combined experience
Problem
Most business coaches, even if they are certified, do not know how to transform their passion for helping others into a business. They tend to be “givers”and are usually undercharged or providing services for free. They rarely see coaching as a business that could scale beyond 1:1 sessions, group sessions, or online courses. Self-education is becoming a new norm, as accelerated learning and deployment of the new skills also enhances growth in learning and development. Additionally, recent technological advances and the COVID-19 pandemic have expanded coaching from a local market to global. Anyone can coach anyone anywhere in the world, virtually. The industry, however, consists mostly of individuals thus making it harder to meet the burgeoning demand for the right fit between clients and coaches. More than 90% of new coaches are unable to create sustained revenues for several years.
Solution
Business Model
Our multi-faceted business model includes:
Subscription: We offer four levels of subscriptions. Entry level allows coaches and service providers to access their road map, basic resources to launch their business and be able to access a certain set of clients based on the level of the coaching they offer. The next three levels are based on the depth of other services required and the scale that the coaches are able to achieve on the platform. There may be a fee-sharing in rare cases, which will be disclosed upfront.
Affiliations: We receive affiliation fees for distributing certain products, technology platforms, and also offering LMM platforms for distribution of other course platforms. Clients who are simply looking for coaching do not pay a fee.
Referral fees: We receive referral fees from certain providers of services that use our platform, These may include: accounting firms, law firms, insurance and other such providers.
Coaching and Consulting: We will continue to serve our clients interested in our proprietary programs for which we currently get paid fees. There may be occasions when the founders may themselves be jointly involved in high-end consulting and C-Level coaching.
Market
The coaching industry is the only industry where experts hire other experts: in other words, great coaches have coaches. The more accomplished they become, the more coaches they hire to help them skill up or level up in every area of their lives.
According to PwC, the estimated global total revenue from coaching in 2019 was $2.849 billion USD, representing a 21% increase over the 2015 estimate.The estimated market size of the Coaching Industry was $15 billion in 2019 with a total of $7.5 billion in the US alone. It is expected that the market value will reach $20 billion by 2022 with a 6.7% average yearly growth rate from 2019 to 2022.
Team
18 years at Morgan Stanley, following 5 years at PwC, Raju has held leadership and global roles throughout his career. As a start-up leader for the past 16 years, his industry experience cuts across: securities markets, risk management, investment banking, FinTech, technology-enabled services and asset management. Helping others build conscious businesses is his passion.
Employee-turned entrepreneur, Triccia transitioned out of a 20-year career in corporate leadership and operations management to launch a full time business as a Certified High Performance Coach. Her passion lies in helping entrepreneurs through deep transformative work that frees them to focus on their growth and contribution to others.
Use of Proceeds
If the offering's maximum amount of $1,070,000 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Technology platfrom | $100,000 | 9.3% |
| Brand, Marketing & Sales | $100,000 | 9.3% |
| Leadership expansion | $385,000 | 36.0% |
| Studio, technology | $385,000 | 36.0% |
| Partnerships | $47,570 | 4.4% |
| Intermediary fees | $52,430 | 4.9% |
Terms
This is an offering of Membership units, under registration exemption 4(a)(6), in LiveMasterminds.com LLC, doing business as Bold Conscious Leaders. This offering must raise at least $10,000 by August 23, 2022 at 9:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Bold Conscious Leaders may issue additional securities to raise up to $1,070,000, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Pitch Deck
Financials
Bold Conscious Leaders’ official name is LiveMasterminds.com LLC, so that’s the name that appears in the statements below.
These financial statements have been reviewed by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
- Form C on April 1, 2021
- Form C/A on May 26, 2021
- Form C/A on June 7, 2021
- Form C/A on July 27, 2021
- Form C/A on September 23, 2021
- Form C/A on November 8, 2021
- Form C/A on January 5, 2022
- Form C/A on January 6, 2022
- Form C/A on February 24, 2022
- Form C/A on April 1, 2022
- Form C/A on June 23, 2022
- Form C-U on October 11, 2022
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
LiveMasterminds is a “plug-and-play” ecosystem that allows business coaches to readily launch their dream projects. Our platform provides a clear road map and the tools to begin right away. We provide access to curated selection of technology partnerships, relevant resources, global coaching communities and collaboration opportunities, all in a user-friendly technology platform:
- We have partnerships with selected influencers in this business
- We provide the tools to demystify social media marketing challenges
- We have affiliates throughout the coaching industry
- Access to financing and funding sources, when growth and scale is needed
- Specialized consulting services
Updates
- Aug 24, 2022Primary offering finalized, selling units
- Aug 20, 2022Dear Members of LiveMasterminds.com LLC,...
- Aug 19, 2022THE BOOK IS NOW ON SALE! BOLD CONSCIOUS...
- Mar 24, 2022We were so delighted to participate in...
- Oct 27, 2021We are delighted to announce our book, BOLD...
- Jul 26, 2021We are so chuffed to announce the pre-order...
- Jun 23, 2021Netcapital hosted a LIVE Q&A with...
- May 23, 2021We are so honored that co-founder of...
- Apr 27, 2021Super excited to host our first BOLD CONSCIOUS...
- Apr 18, 2021We continue to expand our reach and our...
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