Corry Banks, an IT worker, found himself at a crossroads when his company asked him to relocate. Instead of moving, he chose to accept a severance package and used the money to launch his own business, Modbap Modular, in just 90 days. Banks, a beatmaker who loves the boombap style of music, saw a gap in the market for electronic music equipment that was compact, performance-ready, and tailored to the needs of DJs and beatmakers.
He realized this during rehearsals when he noticed how much time he wasted pulling out equipment from his bags. With his severance pay in hand, Banks spent the next three months developing Modbap Modular’s products, brand identity, and pitch deck. He leveraged his beatmaker’s podcast to promote his product, which quickly gained popularity among musicians.
Corry Banks’ entrepreneurial journey
The demand for Modbap Modular’s products exceeded Banks’ expectations, and he found himself needing to increase production to meet market needs. Despite the challenges of taking on the roles of both designer and executive, Banks embraced the opportunity to build something of his own.
Modbap Modular officially launched in October 2020 and has since grown rapidly. Today, its products are sold in over 40 stores worldwide, spanning North America, Europe, and Asia. The company has become a go-to hub for musicians seeking durable, multi-functional equipment that meets their precise requirements.
Banks’ journey from corporate IT worker to successful entrepreneur serves as an inspiration to those who dream of starting their own business. By investing in himself and taking a calculated risk, he was able to turn his passion for music and electronics into a thriving company that fills a unique niche in the market.
