Snocap lays off 60 percent of its employees? - Valleywag Comments

Snocap lays off 60 percent of its employees?

Tim Faulkner — Mon, 15 Oct 2007 12:36:04 PDT

Cnet's Greg Sandoval got the numbers from Snocap's CEO Rusty Rueff. The company went from 57 employees to 26. 54% of the staff. [www.news.com]

Tim Faulkner

Snocap lays off 60 percent of its employees?

Trackback — Fri, 12 Oct 2007 18:57:41 PDT

I have to admit that I never understood the purpose behind Snocap, Shawn Fanning's "second act" after Napster. The idea was that it would help artists sell music... by wrapping it up in DRM. As we pointed out when it launched, any business model based on DRM is doomed from the start.

Trackback

Snocap lays off 60 percent of its employees?

Trackback — Fri, 12 Oct 2007 17:10:43 PDT

Snocap, Shawn Fanning's post-Napster attempt to build a peer-to-peer service which kept the labels happy, seems to be running aground.

Trackback

Snocap lays off 60 percent of its employees?

Paul Boutin — Fri, 12 Oct 2007 09:40:11 PDT

Missing from this post: How many employees did Snocap have? Was that 60 percent of 10, 100 or 1000?

Paul Boutin

Snocap lays off 60 percent of its employees?

Trackback — Fri, 12 Oct 2007 07:54:11 PDT

Snocap, the company that wanted to let bands set their own licensing terms for music downloads across the Web, has cut its staff by 60 percent, CNET has confirmed.

Trackback

Snocap lays off 60 percent of its employees?

LongAgoYahoo — Fri, 12 Oct 2007 05:29:55 PDT

BTW mike, have you ever worked in the music business (live or recorded)? You've sure spout a lot of opinions about what they need to do on techdirt.

How much money have you made selling music? Put your career where your mouth is, start a business for musicians.

Or don't you believe enough in your rants to bet your career on it...

Shit or get off the pot.

LongAgoYahoo

Snocap lays off 60 percent of its employees?

LongAgoYahoo — Fri, 12 Oct 2007 05:25:15 PDT

Mike, the music business makes a great hobby these days, it makes a lousy business.

LongAgoYahoo

Snocap lays off 60 percent of its employees?

mmasnick — Thu, 11 Oct 2007 22:39:46 PDT

What do you mean no one is making money? Just about everyone who is not a record label is making money. There are more bands, buying more equipment than ever before. The live music market is booming. Ticketmaster is raking in more cash than ever before. Artists who tour regularly are making more money than ever before. There's more music out there than ever before.

I don't see how anyone can say that the music business sucks these days. The *recording* business sucks, but that's because they bet on the wrong product...

mmasnick

Snocap lays off 60 percent of its employees?

LongAgoYahoo — Thu, 11 Oct 2007 16:10:00 PDT

The music business sucks. No one even has a model that works right now. Until anyone can figure out how to actually make money, there will be lots more of these flameouts

LongAgoYahoo