Crunch Report | Benchmark Sues Travis Kalanick

August 13, 2017

Benchmark sues former Uber CEO Travis Kalanick Facebook buys computer vision startup focused on adding objects to video Credits Written by: Tito Hamze, John MannesHosted by: Tito HamzeFilmed by:Tito hamzeEdited by: Tito Hamze Notes: I dont know what to wear on Crunch Report (Its a hard decision and I suck at dressing myself). If you are a startup andwant to me to wear something mail me an XL T-shirt and…

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SoundCloud faces do-or-die vote by investors

August 11, 2017

SoundCloud will soon collapse if investors dont vote for a rescue funding round tomorrow. The stumbling music streaming community site had to suddenly lay off 40 percent of its staff last month. Now itsasking investors for $169.5 million at a pre-money enterprise valuation of just $150 million, according to Axios reliable business editor Dan Primack.Thats a steep drop from the $700 million valuation of its previous rounds. If SoundCloud doesnt…

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All the best things on the internet are terrible at making money

July 30, 2017

Image: Shutterstock / Andrey_Popov At some point, the internet became a get-rich-quick scheme. There’s a simple formula to it: Smart people with good ideas receive millions of dollars to build something. If that something generates billions of dollars, it is a success. If it does not, it is a failure. Such “failures” include: Twitter, Soundcloud, Vine, Reddit. At varying times, each of these companies had the hallmarks of “success”millions of…

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SoundCloud, the YouTube for audio, cuts 173 jobs, closes San Francisco, London offices

July 8, 2017

Some rough news today for SoundCloud, the audio streaming site whose content is largely based around uploads from its 175 million users in 190 countries. The company has announced that it is laying off 173 employees, and it is closing offices in San Francisco and London. The moves are being described as cost cutting measures to ensure our path to long-term, independent success, in the words of co-founder and CEO…

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