It's no secret that creating a music start-up is incredibly hard and to make it profitable is next to impossible.
You know what would be funny?
If Facebook dropped everything it was doing and decided to turn into a music start-up.
Say it took all that data about your favorite bands, combined it with an API for related music and filled your news feed with just that information. They could allow bands to buy postings that will show up in your news feed. Would people stop logging in to Facebook and feel betrayed? Or would they like the new music they discover?
This is a great presentation explaining the difficulties music-startups face:
Watch live video from Startup School on Justin.tv
Tuesday, November 2, 2010
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