The Headwinds Facing Music Startups

In this episode of Musonomics: why are music startups struggling to thrive, or even simply survive? Larry Miller of NYU Steinhardt heeds several perspectives to understand why the space for music startups is so unforgiving, and what music startups can do to be successful. Cortney Harding discusses the recent slowdown in the music startup space. Edward Ginis and his business partner Brady Brim-DeForest, share of their success with their own startup, OpenPlay -- one of the lucky ones able to spin out of a major independent label. David Pakman of Venrock explains why his firm has never invested in a digital media company. Jon Vanhala, formerly of Universal Music and now at Crossfade Partners, offers insight into who can be blamed for the fact that music startups are finding it so hard to make money. Finally, we hear from Michael Dorf, who turned away from the internet business and is now generating more profit than ever through live music experiences at his City Wineries across the country.