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Your company, In Grooves, helped define the the digital music distribution industry.
and move it to the head of the pack of social networking websites.One last thought- If In Grooves has an incremental cost problem, which it seems you may, perhaps you should use Distro Kid to distribute your artists’ music.We’d be happy to have you as a customer and partner. Freston's successor as CEO, Philippe Dauman, was quoted as saying "never, ever let another competitor beat us to the trophy".Redstone told interviewer Charlie Rose that losing My Space had been "humiliating", adding, "My Space was sitting there for the taking for 0 million" (Myspace was sold in 2012 by News Corp for million.) On November 1, 2007, Myspace and Bebo joined the Google-led Open Social alliance, which already included Friendster, Hi5, Linked In, Plaxo, Ning and Six Apart.You had a quote about the criticism you received when starting In Grooves. It’s tricky running a business that I know steps on the toes of people I look up to.
It stuck with me: “People thought I was nuts,” you said. I just said, ‘Here’s how I think the business should operate.’”Like most entrepreneurs—and like you when you started In Grooves—I think the future can be better. But, as I’m sure you can relate, there’s something energizing about being told “it’ll never work.”I love musicians, I happen to be okay at scaling internet companies, and I think Distro Kid is something special.Here’s a CFML function I wrote that converts CSV to tab-separated, while preserving the commas in qualified strings (double-quoted strings). As you wrote, you’ve been “at this a long time.” My company, Distro Kid, launched less than a year ago. So I assume you’re talking about us when you wrote that it sounds “too good to be true.”Your argument against Distro Kid is that our model “breaks down as fixed-costs rise higher than the low fees they charge.”I respect you and your company.After losing the bidding war for Myspace, Viacom chairman Sumner Redstone stunned the entertainment industry in September 2006 when he fired Tom Freston from the position of CEO.Redstone believed that the failure to acquire My Space contributed to the 20% drop in Viacom's stock price in 2006 up to the date of Freston's ouster.Within 10 days, the first version of Myspace was ready for launch, implemented using Cold Fusion.