
As a consumer-focused tech startup – music or otherwise – how big do you need to be to get VC funding? Time to read entrepreneur and investor Chris Dixon’s blog post on why “ten million users is the new one million users”. And if the headline wasn’t clear enough: “For consumer startups with non-transactional models (ad-based or unknown business models), you need something closer to 10 million users versus 1 million users to get Series A funded.” He notes that startups with transactional models (e.g. e-commerce) have a lower bar “because revenue is the more important metric”. With music, of course, there’s the additional ‘what are your licensing commitments?’ question…