Steve Jang: The Difference Between Last.fm And imeem Was ?Escape Velocity?

Oh the perils of music startups! When CBS acquired European music scrobbler Last.fm in 2007 for $280 million we called it a failure, and closely tracked it versus the machinations of non-acquired competitor imeem. When imeem sold to Myspace a year later for the discount price of $10 million, the press switched gears and proclaimed the former successful. Or rather, successful as you can get as a music startup.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/XXjgl_S1-Wk/

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