Tag Archive | Startups

Tech Founders – Don’t Be A Feature Hoarder

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Tech founders, don’t be a #featurehoarder.

I’ve worked with enough failed digital media startups to have identified one trend of failure: poor MVP execution.

Ambitious first-time CEOs who want to bust out of the gate with outrageous competitive differentiators…products that implode.

The keyword in MVP is not minimum; it’s viable. With relatively few features, you can identify what areas drive value and build accordingly going forward; delivering incremental value with every version release.

It’s all about compelling introductory features that uniquely address a set of needs and user feedback, which informs future milestone features that expand on those needs.

Because you can’t be everything to everyone, make your product do something great for some one(s).

Major Labels Sue Music Tech Startup Aurous In First Week Of Launch

AUROUS

Here we go again. Music Business Worldwide reports that “The RIAA — on behalf of UMG, Sony Music Entertainment, Warner Bros. Records, Atlantic and Capitol Records — has today filed a lawsuit against Aurous and its founder Andrew Sampson for what it calls ‘willful and egregious copyright infringement’.”

The music app, being called the “the new Grooveshark” (Grooveshark shut down earlier this year after similar lawsuits was filed against the company), just launched in public Alpha this week.

Aurous’ founder, Andrew Sampson, maintains that the website is a search engine that enables Internet users to search BitTorrent networks to find and stream content. However, the RIAA argues that the website directly targets recorded music from overseas pirate sites, effectively enabling consumers to infringe on the copyrights of record labels.

Whether Sampson intended on his platform to illegally access and stream recorded music or if he truly believed he built a legitimate consumer app detached from piracy, like many other uninformed tech developers out there, he has been caught in what could be a very expensive and crushing legal battle informed by copyright law.

I spend a great deal of time consulting with entrepreneurs who have cool ideas to develop new music apps, services, and platforms. However, the challenge that many of them face is having a limited understanding of the music publishing and recording landscape, from the perspective of a music tech startup. With the help of a music industry professional, founders gain insight on where products and services may infringe on the intellectual property rights of others. I’ve helped numerous startup entrepreneurs create products, formulate business models, and deliver value, all while respecting and complying with the intellectual property rights of third-party rights owners.

Read more about this story at Music Business Worldwide.

Project Music Accelerator Now Accepting Applications For Next Cohort

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Project Music is the Nashville Entrepreneur Center’s leading action to support innovation within the music industry, a core business vertical in Nashville’s economy. To meet the unique needs of music-minded entrepreneurs we are providing a year round music-entrepreneurship focus that brings music, tech and business leaders together to nurture startups desiring to grow music industry revenue.

Project Music is THE accelerator for music tech providing specific industry curriculum to meet the unique needs of music-minded entrepreneurs.

Applications are open to music tech startups in social media, big data, content monetization, hardware, distribution, engagement and more!

FAQs:

  • Applications Open: 9/1/15
  • Program Begins: 1/31/16
  • Program Ends: mid-May
  • Cohort Size: 6 to 8 Startups
  • Funding: minimum of $30,000 per startup in exchange for 7% equity plus 3% equity reserved for key program mentors
  • Program is held Monday thru Friday at the Nashville Entrepreneur Center in Tennessee.

Click here for additional information or to apply.

Hypebot: 3 Standout Music Apps From SXSW V2V

SXSW V2V Facebook

Pretty much everyone involved in the music industry is aware of Austin’s annual SXSW, but they may not be as familiar with SXSW V2V, a festival which focuses on the development of startups and entrepreneurial skills. Included here is a breakdown of the three music-related startups of particular note. Read full article here.

Music Tech Startup Founders To Discuss Working With Independent Artists At Upcoming Indie Entertainment Summit

Indie Entertainment Summit Flyer

The Indie Entertainment Summit is a 4-day conference taking place August 5th – 8th in Los Angeles where independent artists, music industry professionals, managers, and music fans convene to network, experience music from up-and-coming artists, and attend workshops, panels, and music showcases.

This year music business consultant and music tech startup pundit, Dae Bogan, has developed a panel to address the benefits, issues, and opportunities of music tech founders working directly with independent artists. He has invited guest panelists from early and growth stage music tech startups including Ben Brannen (President & Co-Founder of atVenu), Roslynn Cobarrubias (Co-founder & CMO of mydiveo), and Alejandro Carrasco (Co-Founder of Dream Tuner).

Anyone can attend Indie Entertainment Summit. For more details and to register to attend, visit www.iesfest.com.

10 Questions Music Tech Startup Founders Should Ask When Choosing An Accelerator or Incubator

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It is not news that the world of business accelerators and incubators is booming. The Top 15 incubators attract thousands of applicants for each cohort submission period. With over 50% of startups raising over $1 million each in additional financing after graduating a top program, many eager young entrepreneurs flock to these opportunities hoping to breakthrough.

Unfortunately, with only a 1% admission rate, getting accepted to Harvard Business School may be easier than a top accelerator or incubator program.

Read More…

Music Tech Startups Must Deal With United State’s Broken Music Licensing System

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On behalf of my client, I spent the week conducting conference calls and long email exchanges with ASCAP, BMI, SESAC, The Harry Fox Agency, National Music Publishers Association, Association of Independent Music Publishers, Crunch Digital, We Are The Hits, Tresona Music, and Audible Magic securing public performance licenses, obtaining synchronization licensing information, obtaining copyright identification service & royalty administration information for their UGC video hosting platform.

  I Saw Great Startups @SFMusicTech, But They Have A Lot To Learn About The Music Business

What I learned (or confirmed, rather) is that there is a HUGE need to streamline and make efficient the process of securing synch licenses, a HUGE need to standardized/equalize deal structures between labels and digital service providers vs. publishers and digital service providers, and a HUGE opportunity for a collective-bargaining startup to secure pass-through licenses on behalf of many music tech startups, and we should consider making some forms of synch licensing compulsory.

Nevertheless, as long as the music industry is slow to innovate in how it deals with digital startups, there will continue to be confusion and frustration among all stakeholders and work for me to do as a consultant.