YOU SHOULD KNOW ABOUT


For this reason investors have started to avoid music related startups. It is a higher risk game within a high risk game. It’s like bringing an extra bullet to a Russian roulette.


Tis is also the reason why the music startups that manage to stay alive and grow, despite pretty bad odds, are all the more impressive. In this post we want to feature a few startups, some established and some lesser known, that all have in common one aspect: Tey’re doing music and they’re #Winning


You must know about these 8 startups:


Grooveshark – Grooveshark is a music recommendation and streaming service. It allows you, similar to Spotify, to stream almost any music you can find – the music is uploaded by other users, but they free themselves from legal action by requiring users to indemnify Grooveshark for any losses, legal actions etc. No lawsuit against Grooveshark’s users has been filed yet, but you never know… http://www.grooveshark.com/


Funding: $1 million (seed funding)


Te Hype Machine – Te hype machine is rather unique – “nerdy” even. It aggregates thousands of blogs and finds out which music is being blogged about the most. Tey have a very dedicated following and a strong community. http://www.hypem.com/


Te Sixty One is notable for the mere fact of being a YCombinator company, but their approach is also very interesting. Tey are trying to combine digg- style voting, Pandora-like music recommendation with user submitted music. http://www.thesixtyone.com/


Scratch Audio tries to create a online collaborative audio application. Essentially allows groups of people to work on music together in different parts of the world. It’s a monumental task and it will be interesting to see where this goes. http://scratchaudio.com/


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