Comment Why get VC money with no business model? (Score 1) 316
I may get flamed for this, but I read the Wash Post article and came away thinking, where the hell was the business model? Heck yeah I enjoy Pandora, I can listen to Ry Cooder and stuff like him all day.
But Westergren chose to take VC money, and so took something really cool and had to figure out how to make it a business. Crying about satellite and over the air radio misses the point -- what entrenched business is EASY to take on?
Compare Pandora to iTunes -- love or hate, they thought it through, changed the industry and single-handedly brought back the single. And will eventually be a conduit straight from artist to consumer, bypassing the labels.
When you run to Congress to save you, you're cooked. Too bad the Post article couldn't raise any of these issues. I'll get a post up about this eventually: http://cparente.wordpress.com/