Trouble Ahead For Blip.fm?
In an honest blog post, music recommendation and streaming service Blip.fm (which we likened to a Twitter for music when it launched almost exactly one year ago), CEO Jeff Yasuda has indicated that the startup is going through a rough phase right now that has forced it to make some fairly painful changes to their service.
The blog post, titled ‘Navigating the storm’, speaks volumes about Yasuda’s sentiments on the music industry in general, even if they are not all that outspoken. A short excerpt:
The challenges involved in running a start-up in the music space are immense. To be honest it’s completely nuts, but we are trying to navigate our way through the perfect storm: a struggling music industry, a global economic meltdown, and a fundamental shift in the way people relate to one another and share their appreciation for music.
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