Can VCs Change The Music Industry?
from the trying...-trying... dept
People sometimes like to compare record execs to venture capitalists, but one major difference between the two is that, at least VCs realize that the nature of business (even their own) tends to change over time. The record execs still seem to want to deny that. Perhaps things will start to change, now that VCs are starting to get into the music business, looking to build up companies that can challenge the old guard with new technologies and new business models. Of course, the last time VCs tried to get involved with new technologies and business models for the music biz, those VCs got sued by the music biz.