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I agree with what you are saying about pigeonholing, but please realize that just because something raises money, it does not mean that it will work. VCs view
by dalton 16y ago
I agree with what you are saying about pigeonholing, but please realize that just because something raises money, it does not mean that it will work.
VCs view investments as "bets", not sure things, and the vast majority of those bets fail... that's how the game is played.
(Also, for the record, SoundCloud and Echo Nest are awesome. We did a deal with EchoNest at imeem, and the SoundCloud team is worldclass.)
- jonathanjaeger 16y agoOf course, I agree with you on the fact that if something gets funded (even by great VCs), that doesn't mean it'll succeed. I also agree with you on the point that ANY music startup can have a tough time. You made the argument that musicians don't have a lot of money to spend so it would be difficult to monetize. While this is true, I think that argument would need to be discussed more as opposed to putting most of the emphasis on startups that deal with labels (if you want to discuss music startups in general).