41–50 of 348 posts
Seems like a pretty generous wage increase for a company in the red.
Article is bs. they lost 44m in _2014_. Raised 77m last year. They may need to raise more in 2016. Nothing else. No other facts. No info on their balance sheet, etc. Doesn't even know if they're growing, what their revenue or losses for 2015 were. And based on that, Fact thinks that's enough to say they "may be forced to close".
Agree. The article could just as well be written about any other successful high-growth company. Continued survival will require further capital investment...no sh@*t! Obviously the author is just trolling for views. If SC announces another round, and then turns a profit in 3 years, someone will write another article about their "amazing turnaround".
Article is bs. they lost 44m in _2014_. Raised 77m last year. They may need to raise more in 2016. Nothing else. No other facts. No info on their balance sheet, etc. Doesn't even know if they're growing, what their revenue or losses for 2015 were. And based on that, Fact thinks that's enough to say they "may be forced to close".
Article is bs. they lost 44m in _2014_. Raised 77m last year. They may need to raise more in 2016. Nothing else. No other facts. No info on their balance sheet, etc. Doesn't even know if they're growing, what their revenue or losses for 2015 were. And based on that, Fact thinks that's enough to say they "may be forced to close".
The problem is that now investors are asking themselves more frequently, after a few years of sight-unseen venture investing, if it really makes sense for them to keep funneling money into companies that might never turn a profit, let alone have a profitable exit at the horizon. The talk around here (let me say that again: "the talk") is that investors are getting tighter and tighter and money is not so easy to get a…
Earlier quoted context omitted.
It seems it has reached a peak, or at least has not been really growing in 2015, if you check worldwide https://www.google.com/trends/explore#geo&q=soundcloud
Weird how Pakistan seems to be Soundcloud central! I suspect that the advertising sales team at Soundcloud only care about the Western markets, hence I posted the US 'trend'.
Anecdotally I see 10x conversion rates in western countries, despite having higher active user counts outside of there.
While SoundCloud brought in €17.35m ($15.37m) in 2014, it lost a total of €39.14m ($44.19m). Employee wages during that period also increased 42.5% to €17.9m, meaning that the average wage per employee for that year totalled €79,980 Seems like a pretty generous wage increase for a company in the red.
What's really expensive here is management people and the way German hire the mid-level management is broken most of the time. I don't know if it's a German thing or a global corporate thing, but I've personally witnessed some pretty interesting hiring horror stories.
http://techcrunch.com/2016/01/24/why-soundcloud-will-be-wort...
What do 200 people do in such a company? (serious question, I just wonder how the workforce is usually distributed for a single online product of that size)