Why do we need Pandora? An investment in the ecosystem, perhaps?
Pandora founder Tim Westergren has been doggedly getting his 22 million users (me included) riled up about the serious structural problems faced by the Internet Radio broadcasters. In 2007, the government decided to double the royalties paid by web music providers.
Pandora is one of those services that impacts not only the music industry, but also the mobile market. It is one of those apps that can potentially lift the fortunes of the mobile app ecosystem that is in desperate needs of killer apps. Despite the clutter now emerging on Apple Store, Pandora still manages to rise above. So, Westergren made a brilliant move in asking for a bailout – not directly from the bozos in DC, but people who could make an impact – his loyal user base. Over 1.7m people wrote to Congress, and now, according to Inc. Magazine, Pandora might be on the road back to a decent business model.
As a related thought – join us for a panel at TiE Silicon Valley on March 3rd that will pull together (gurus) – VCs, analysts and corporate M&A heads – in the field of Mobility. We will explore this and several relevant topics in more detail.