The CelebrityAccess email newsletter has a long and interesting interview with Seth Goldstein, chairman and co-founder of Turntable.fm. It includes stats: the social music service is attracting 50,000 unique users a day who are streaming more than one million songs. He is good value on the thinking behind launching a new music startup. “The history of music startups is littered with bodies. Going into this is the last thing that we wanted to do–or the last thing that I would want to do as an entrepreneur would be to get into the online music business,” says Goldstein. “Every entrepreneur I have met along the way that has done various forms of music startups, they looked like they came out of World War II or Vietnam.” The company is ambitious, though: “We have ambitions to have tens, if not hundreds of millions of users…”, while Goldstein says he sees sponsorship rather than traditional ads as the most likely way to make money. “I think that brands will have an opportunity to bring great artists into Turntable to sponsor their music, and their DJing to our audiences.”
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Tools: Kaiber
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