I'm a bit late to the party here, but it appears to me the kerning on the logo is slightly off on either side of the "V". A little too much space compared to the kerning on the rest of the letters.
Also, the distressed text could be pushed a little further to enhance the desired effect. Right now, it seems too subtle, especially when the logo is small. it doesn't need much, just enough to be recognized at small scale.
The illustration is interesting for a comp, but a little too soft in places for my money. Harder, bolder edges would enhance the image, I think.
Finally, unless they are making Jello® molds and not music, the word is "Performing", not "Preforming".
That's my two cents. Hope you got a good grade for all your hard work.
Last night I slept like a baby: I wore a diaper.