Saturday, December 15, 2007

Discussion 2: Startup Roundup

Biggest consumers are only half into their music—don’t spend the time on sites, but enjoy hearing new music
  • iLike has potential to surface some of the smaller stuff through Facebook (where EVERYONE is)
  • Yet they haven’t gotten into the social graph stuff too much—can’t see who among friends likes the music
Music Discovery Engines: Last.fm and Pandora
  • Discovery vs Radio: For avid music listeners, Pandora is predictable in its recommendations. However, it may be used for simple internet radio.
  • Would be nice to have statistics on how long users stay on site and how heavily they interact with the site
Streaming: Imeem
  • May be useful down the road when internet is ubiquitous, but currently not an alternative to purchasing
  • Has inked lots of good deals, and continues to grow as a default tool for bloggers and such
Streaming: Songbird, SkreemR, & Seeqpod
  • Songbird is a full application built like iTunes
  • Songbird has SkreemR integrated-- crawls the web/scrapes blogs in much the same way Seeqpod does—finding mp3s on existing servers and giving you a simple UI to stream them in one spot—but Songbird also allows you to download the mp3s directly to your computer
  • Is that legal? I guess they aren’t physically hosting stuff
Music sales- AmieStreet
  • Really cool business model idea (price increases as more and more people purchase songs), BUT…
  • Horrible UI—focus more on comments (who cares????) than on song/artist name
  • Where is the draw for established artists? Unless the site takes off and everyone wants to use it, they are unlikely to make the same kind of $$ they can (and do) make elsewhere. And same goes for the flip side—no significant number of users will come if they don’t have lots of good music
Music Sales- Rhapsody
  • How are these guys still around? Unless you buy into the concept fully and plan on paying your dues until you (or they) die, this seems worthless. You’re paying for music, but it never becomes truly yours—you can’t take it with you, and it disappears when you stop paying your fees
Music Sales- can Amazon be the next iTunes store?
  • The 5 billion song giveaway will help gain notoriety, and it’s not like Amazon is going anywhere soon, but until they get some software and hardware to go along with it (and barring a royal F-up from Steve Jobs), they don’t stand much of a chance against Apple.

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