SoundCloud Raises $60 Million at $700 Million Valuation
SoundCloud is great. You really get the feeling that you're being empowered as a content consumer and creator. This is because SoundCloud really doesn't give a shit about the making people listen to what the copyright monopoly wants people to listen to (ie J Bieber/M Cyrus). YouTube is the complete opposite. You log onto Youtube and it feels like MTV all over again.SoundCloud will become HUGE for this ability to empower its users in a way that no other streaming platform has done before. But as VC money flows into SoundCloud it will become crappy like YouTube, Deezer, Skype, Tumblr, and most other start-ups that end-up loosing the original spirit of their founders.