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The VZT token-generating event will start at 04:00 UTC on Nov 03

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Co-founders Steve Stewart and Robert Menendez explain how Vezt works in more detail on Cheddar.

What is Vezt

Vezt lets music fans share ownership with artists in their favorite songs.

Vezt is a revolutionary new platform that gives artists and rights holders control over their new or existing songs and allows them to easily capitalize on their work by choosing portions of their songs to offer for sale to fans, friends, rights-buyers and brands.

The Vezt platform employs blockchain technology to track and collect royalty income transparently. Vezt offers a true marketplace for songs and gives artists the opportunity to make a living and continue doing what they love most – make music.

How it Works

Artists and rights holders choose how much they’d like to raise from a part or fraction of their song, the reversion term and set a date for the Initial Song Offering (ISO™).
  • Rights-buyers (including fans, music professionals and brands) on Vezt, buy song rights during the ISO™, and the artists receive funds credited to their account immediately.
  • The song rights information is encoded on Vezt’s blockchain.
  • Song royalties are then collected from Performing Rights Organizations (“PROs”) in 137 countries around the world, as well as STEM.is, which aggregates digital performance royalties from Spotify, iTunes, YouTube, Pandora, etc.
  • Vezt transfers those earnings back to the artists and rights-buyers, creating a new marketplace, with no limits on new and exciting music artists will create.

Who uses Vezt

Music Fans

From the 13 year old K-Pop fan in San Francisco, to the 38 year old Alt. Rocker in Brooklyn, music lovers can translate their enthusiasm into a true partnership with artists on a song-by-song basis, sharing directly in their success.

Artists

Vezt is putting the power back into the hands of the artist by increasing the financial control they have over the music they create.  By providing a simple, transparent way to monetize music and collect royalties, Vezt lets artists develop innovative new income streams beyond the traditional music industry publishing models.

Rights Buyers

Savvy music industry professionals (producers, A&R executives, promoters, managers, etc.), Institutional rights-buyers for pension funds, well-diversified mutual funds, and more. Any rights-buyer can use Vezt to secure partial ownership of new and existing music. Vezt also offers unique value to brands and agencies who want to leverage deep libraries of musical content in order to connect with their audiences.

Our Mission

We believe that music is one of the few mediums that can literally transform lives. It can provide solace and comfort to those hurting or in need, joy and excitement to an experience or event, and even has the ability to transcend time and space with the emotional nostalgia that hearing a favorite song can trigger in one’s mind. It’s powerful and magic and we think it’s worthy of our efforts to provide its creators with the ability to be fairly and transparently compensated for their work and talent.
  • We allow fans, friends, rights-buyers and brands to partner with artists on a song-by-song basis, sharing directly in whole or fractional IP ownership.
  • We provide artists with an equitable and transparent platform to easily and quickly monetize new or existing songs.
  • We create a true marketplace for songs, where tracking and collection of royalties and licensing income is transparent and in real time.
  • We deliver to artists the opportunity to make a living from the fruits of their work, without unnecessary impediments that keep them from focusing on what truly matters – their music.
  • We strengthen the relationship between artists and those that appreciate their music, in a meaningful way, where a true partnership can be formed and mutual benefits derived.

Project Roadmap

We expect to have a demonstrable prototype in September of 2017, and a fully-functional MVP by the end of Q4 2017.

Timeline

Q3 2017

Back-end and blockchain development and integration.

Q4 2017

Onboard and white-glove 3 artists through the platform, MVP.

Q1 2018

Beta launch, add selected artists and rights-buyers, product testing and improvements.

Q2 2018

Release platform to all artists and rights-buyers.

About Us

Vezt Inc. is headquartered in Los Angeles, CA. We incorporated in early 2017, and have received pre-seed funding from venture capital firms and individual rights-buyers, including Binary Capital and Global Trust Group.

We have assembled a talented team of engineers and designers with deep backgrounds in blockchain, UX/UI, and design. In addition, we have tapped a number of successful and highly experienced advisors for their expertise and input. All are working in concert to build the most robust and successful platform possible.

Steve Stewart

CEO & Co-Founder

Steve Stewart has more than 25 years of professional experience in the music, and new media industries. As CEO of Steve Stewart Management, he negotiated and secured lucrative major label record and publishing contracts on behalf of approximately 20 recording artists with companies such as Sony Music, Warner Bros. Records, Atlantic Records, Capitol Records, Disney’s Hollywood Records, A&M Records, Geffen Records, Elektra Records, American Records, Maverick Records, EMI Music Publishing, Famous Music Publishing, Rondor Music, Warner Chappell Music Publishing and Universal Music Publishing.

Steve is the former personal manager of Grammy Award winning, multiplatinum alternative rock band Stone Temple Pilots, managing their career from their inception through their fifth major label release on Atlantic Records. Under Steve’s management, the band’s worldwide record sales exceeded 25 million records, generating more than $500 million in gross revenues.

He has held Co-Founder and COO titles at business marketing aggregator, GoYodel, and sports social video app, SportsBuddyz, and helped establish crowdcasting startup, SURKUS, as their Head of Business Development, securing long-term corporate clients such as Live Nation. Steve has BA in Political Science from UCLA.

Robert Menendez

CFO & Co-Founder

With more than 15 years of management experience, Robert Menendez has an expertise in developing business and investment platforms for long-term growth. Menendez is attuned to the complexity of the technology space, with a particular acumen for navigating the competitive landscape to make lasting changes that affect the bottom line.

Prior to co-founding Vezt, Menendez co-founded crowdcasting app,SURKUS, currently valued at $30M, managed all facets of operations at Newmax Advisors, LLC, where he successfully created fiscal synergy for investors by coordinating algorithmic trading teams primarily made of programmers and developers managing account platforms.

Menendez began his career at Oppenheimer & Company, and then promptly moved to CA to become Co-Founder of Tradestar Capital, Ltd., a prop trading firm and subsidiary of Assent Trading. His ability to spot high quality talent and personally stock each subdivision with high performing individuals enabled him to build each of the five branches, in five different cities, of Assent Trading into fully operational and profitable units. Following Assent Trading, Menendez was instrumental in the launch of Coastal LLC, a quantitative fund for which he raised both trading and operational capital.

Menendez’s talent for easily crosspollinating technology and funding led to a partnership at One Asia U.S.

Team

Josh Smith
Josh Smith

CTO

Paul Novoa
Paul Novoa

CCO

Sam Oshin
Sam Oshin

UX/UI

Tim Devine
Tim Devine

Head of A&R

Michael E. Rubin
Michael E. Rubin

Director of Communications

Aahmek Richards
Aahmek Richards

VP Marketing

Jacqlyn Burnett
Jacqlyn Burnett

Director of Operations

Peter Paterno
Peter Paterno

Legal

Larry Chu
Larry Chu

Legal

Bill Growney
Bill Growney

Legal

Trish Rogers
Trish Rogers

Legal

Jeff Blue
Jeff Blue

Senior VP of Artists Relations

Advisors

Eric Nol
Eric Nol

Advisor

Jim Guerinot
Jim Guerinot

Former Manager: No Doubt, Trent Reznor, Offspring, Tony Hawk

Jon Pleeter
Jon Pleeter

Head of Music: ICM Partners

Tom DeSavia
Tom DeSavia

Former SVP ASCAP, SONGS Music Publishing

Brian Klein
Brian Klein

Manager: Fitz & The Tantrums

Marc Geiger
Marc Geiger

Head of William Morris Endeavor’s Music Division and Co-Founder of Lollapalooza

Micah Spruill
Micah Spruill

Cryptocurrency consultant Aurora Consulting, Particl.io

Investment Partners

Jonathan Teo
Jonathan Teo