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SoundCloud Has Enough Money To Survive Only 80 Days, Report Claims (techcrunch.com)
Last week, SoundCloud announced it is cutting about 40 percent of its staff and closing two offices. Now, a report from TechCrunch claims "the layoffs only saved the company enough money to have runway 'until Q4' -- which begins in just 80 days." From the report: That seems to conflict with the statement Ljung released alongside the layoffs, which noted that, "With more focus and a need to think about the long term, comes tough decisions." The company never mentioned how short its cash would still last. We reached out to Ljung and SoundCloud for this story and PR responded to the request reiterating Ljung blog post. After being presented with the leaked information from the all-hands, SoundCloud PR admitted that, "We are fully funded into Q4," though it says it's in talks with potential investors. But further funding would require faith in SoundCloud that its own staff lacks. When asked about morale of the remaining team, one employee who asked to remain anonymous told TechCrunch "it's pretty shitty. Pretty somber. I know people who didn't get the axe are actually quitting. The people saved from this are jumping ship. The morale is really low."
80 days of funding left? Time for a world spanning trip!
I posted a couple "tracks" there, some audio captures of PC fan noises for fans that were misbehaving.
Soon after, I started receiving "likes" from various "accounts".
Then I started receiving SPAM PMs in soundcloud.
When a company starts padding their data, you know they're going down.
...gis sdrawkcab (usually not responding to ACs; don't bother posting as AC)
Before enrolling in an MBA program (or attempting to run a business without any training) try taking the following short quiz:
Question 1) Revenue should be
A) Greater than total expenses
B) Equal to total expenses
C) Less than total expenses
If you answered B or C you should probably reconsider your career choice of running a business.
If you answered A your business may still fail, but at least you've got a chance of success.
So from a financial POV it's more of an unSoundCloud?
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
This is like listening to music on youtube, except the sound is of good quality, there is no video (so it's lighter on CPU and bandwith as well) and there is an automatic endless playlist (this used to be an uncommon or new feature).
Like youtube, the customers don't pay to listen to the content, and like youtube you don't need to have a user account either.
So you don't need an app or a phone or money to use it and it's not a music store or a "spotify".
Makes it all the more mysterious where do they get the money to pay for the bandwith and gigabytes.
But if this goes under, this will suck as this site is pretty well used and has a ton of stuff. E.g. if you know someone who plays in a local band, or does electronic music (creative or not), and so on, then they likely published stuff in there.
I am pretty disappointed by this, actually. I really like listening to EDM mixes by a handful of DJs while I work or workout. I'm not much into the whole "social" bit, but its fantastic for an easy way to access quality music on a predictable schedule - weekly or monthly depending on the artist.
Now I might have to waste some time to find another $10/month service that has what I want. :(
The sale process was so bad I never figured out how to complete a purchase.
My money's on google. They have deep pockets and can integrate it with the close alternative of youtube. Apple is too pretentious to sully their hands and music service with independent music and spotify isn't turning profit with its core business (yet). As far as I'm concerend, Microsoft is completely out of the picture and if they bought Soundcloud, they would just Nokia the brand.