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What product of yours was acquired? I would like to enter the Music services business and it would be great to connect with someone that has hands on experience
by max_ 3y ago
What product of yours was acquired? I would like to enter the Music services business and it would be great to connect with someone that has hands on experience.
- hatsix 3y agohttps://pretzel.rocks https://pretzel.rocks. I wasn't a founder, but a long time... "employee". Music Services is a tough place to do product development in. Nobody is flush with cash, so all deals are percentage based... so you have to generate pass-through revenue. It's impossible to generate revenue from the general public, as they can get music from spotify/youtube for free, so you have to find a niche. I know several startups in the music space that are begging to be acquired because they didn't realize they needed pass-through revenue, they thought they could do what another company was doing, but cheaper, but the problem is that few established labels are willing to move off their old providers, as they value their industry relationships.