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All posts by Erin Griffith

Erin Griffith covers New York startups for PandoDaily. She's worked as staff writer for Adweek and a private equity blogger for peHUB. Her writing has appeared in VCJ, Time Out New York, Huffington Post, FT.com, and BUST. She plays keyboard in a band called Team Genius
  • Music startups: your entire product is probably just a feature

    If startups have a one in 10 chance of surviving, music startups’ odds must be one in 10 000. The industry’s most famous success story, Napster, is also its most famous failure. And aside from Last.fm, which sold to CBS in 2007 for US$280-million, few have successfully exited since. It’s a prickly, difficult industry that’s as attractive as it is impossible. Peter Kafka noted as much last week when he questioned the logic of anyone launching a music startup in 2012, citing the incredibly high burn rate it takes to get to any sort of scale. This is true — the...