According to the 2014 accounts the employees earn a little less than €100,000 each, on average. So there's a huge wage bill.
I have no idea what they do either. Legal compliance - DMCAs, and avoiding DMCAs - seems to be a big problem. But I don't understand why they need 300 people to work on that.
if they raised $77m last year that gives them another year or two of runway. But given the continuing losses the current business model doesn't seem to be working, and the burn rate is too high for long term survival without real income growth.
As a user, I love finding music on SC. But I worry they'll try to make the site yet another pay-to-play streaming service, which will kill most of the interest.
Becoming a sales site seems like a better move. IMO there's a big niche for a Bandcamp-but-better site just waiting to be filled.
I have no idea what they do either. Legal compliance - DMCAs, and avoiding DMCAs - seems to be a big problem. But I don't understand why they need 300 people to work on that.
if they raised $77m last year that gives them another year or two of runway. But given the continuing losses the current business model doesn't seem to be working, and the burn rate is too high for long term survival without real income growth.
As a user, I love finding music on SC. But I worry they'll try to make the site yet another pay-to-play streaming service, which will kill most of the interest.
Becoming a sales site seems like a better move. IMO there's a big niche for a Bandcamp-but-better site just waiting to be filled.