Assess the industry attractiveness for the industry that Songkick, the subject of the You Be the VC
Question:
Assess the industry attractiveness for the industry that Songkick, the subject of the “You Be the VC 1.2” feature, will be participating in.
Transcribed Image Text:
YOU BE THE VC 1.2 Company: Songkick Web: www.songkick.com Twitter: Songkick Facebook: Songkick Business Idea: Create a single place for music lovers to track or keep up with their favorite bands, so they'll always know where and when the bands will be performing in their area. In addition, create an online platform for concert attendees to record memories of the concerts they've seen by sharing anecdotes, posting photos, and discussing the events with other people who were there. Pitch: Songkick's founders believe that an amazing concert can change a person's life. Too often, however, people miss seeing their favorite bands because they didn't realize the bands would be in their area. Concert goers try to avoid this problem by subscribing to venue mailing lists, checking band Web sites, and sifting through generic concert newsletters. This is a clumsy process and doesn't assure music fans that they won't miss a concert they'd like to see. Songkick offers a solution to this problem. Songkick indexes 132 different ticket vendors, venue Web sites, and local newspapers to create the most comprehensive database of upcoming concerts available. Its mission is to know about every concert that's happening in every location from an indie band playing at a local bar to Coldplay playing Madison Square Garden. Songkick then pushes this information to its users. Users can track the performers they like, and Songkick will send them a personalized concert alert when those performers announce a tour date in their area. If a user has lots of bands he or she wants to track, artists can be tracked in bulk via Songkick's iTunes application, Last.fm import, or by importing their Facebook likes. It doesn't stop here. Songkick's Web site is a destina- tion for music lovers, with lots of useful and fun infor- mation. Users can check out the popular artists that are on tour. Songkick develops a profile for each mem- ber, based on their musical tastes, and recommends local concerts that align with their preferences. A par- ticularly novel thing that Songkick has done, which took a full year to accomplish, is to assemble a list of over 1 million concerts stretching back to the 1960s, and set up a discussion forum for each concert. Now
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Songkick operates in the live music industry providing concert discovery and ticketing services Asse...View the full answer
Answered By
Niala Orodi
I am a competent and an experienced writer with impeccable research and analytical skills. I am capable of producing quality content promptly. My core specialty includes health and medical sciences, but I can competently handle a vast majority of disciplines.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Entrepreneurship Successfully Launching New Ventures
ISBN: 9780132555524
4th Edition
Authors: Bruce R. Barringer, R. Duane Ireland
Question Posted:
Students also viewed these Business questions
-
How could the founders of Songkick, the subject of the You Be the VC 1.2 feature at the end of Chapter 1, have utilized library and Internet research to flesh out their business idea? What...
-
The You Be the VC 1.2 feature focuses on Songkick, a company that has created a single place for music lovers to track or keep up with their favorite bands, so theyll always know where and when the...
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
Compute the determinant below. 14 8 8 8 51 1000 8 7 3 0 0 0 8 8 8 8 8 2
-
Search Engine Land reported on the "search" shares (i.e., percentage of all Internet searches) for the most popular search engines available on the Web. In December 2013, Google accounted for 65% of...
-
In Problems 936, find the real solutions, if any, of each equation. |x + x| = 12
-
Romianas Returns (C). If the current spot exchange rate is 0.75/. Using the same prices and exchange rates as in Problem 3, Romiana (B), what would be the total return on the Romiana investment in...
-
While auditing the financial statements of Petty Corporation, the certified public accounting firm of True blue and Smith discovered that its clients legal expense account was abnormally high....
-
consumer plus Ltd is a supermarket and is facing litigations regarding a defective product sold to a customer the company was told by its lawyers that it is likely to have pay $100,000 in damages to...
-
Suppose you were hired by the founders of ecoATM, the subject of the You Be the VC 2.2 feature, to conduct a survey of potential users prior to the launch of the company. The purpose of the survey is...
-
Kelly Myers, a friend of yours, just told you an interesting story. She was at her parents house over the weekend and her father saw this book lying next to her backpack. He pickup it up and read...
-
An LM test for first-order serial correlation in a fixed effects model. For \(H_{5}^{b} ; ho=\) 0 (given the \(\mu_{i}\) are fixed), (a) Verify that the likelihood is given by (5.40) and derive the...
-
Briefly describe the three components that comprise the framework for assuring quality of professional auditing services.
-
Briefly describe the sections of the AICPA Code of Professional Conduct. What are the major purposes of each section? Are any sections more important than others? Explain.
-
Trish Mulcahy, a new junior in your office, says that she does not understand why she cannot work on the audit of a company that is a client of your firm and that is owned by her uncle. Trish says...
-
What is the highest level of authoritative support for GAAP? the lowest level?
-
What are the practice standards, and who issues them for independent auditors of financial statements? governmental auditors? internal auditors? fraud auditors? auditing firms? auditors in other...
-
Under the Clean Air Act, the EPA can regulate gasoline additions if they "endanger the public welfare." Scientific evidence showed that lead emissions from gasoline constituted 90 percent of all the...
-
1. Using the information from Problem 16-4B, prepare a statement of cash flows for Lim Garden Supplies Inc. using the direct method of presenting cash flows from operating activities. 2. How does Lim...
-
What are the basic financial statements? Describe the information that each provides.
-
The Dutch consumer-electronics giant, Philips, is protected against takeovers by a unique corporate voting structure that gives power only to a few trusted shareholders. A decision of whether to...
-
What is the difference between quantitative and qualitative data?
-
This cash flow reporting method reports the number of years needed before the expected cash inflow recovers the initial cash invested (i.e., the outflow). Group of answer choices payback period net...
-
Lois Price acquired a residential rental property in 2015 for $220,000, of which $30,000 is allocated to the land and $190,000 to the building. The UCC of the building on January 1, 2023 is $174,200....
-
Which is a management task as opposed to an administrative task? Assessing the contractor's performance Updating contract records Verifying and auditing contract terms and conditions Making final...
Study smarter with the SolutionInn App