Your personal jukebox. By Lulu Tang

What is Rdio? •  Digital music service with: – On-demand access to over 20 million songs

– Social networking

– Music recommendations

Products

Others founded by Janus Friis and Niklas Zennström

Financial Info

•  Rdio has raised $17.5 million (2013) from: –  Atomico

–  Janus Friis

–  Mangrove Capital Partners

–  Skype

•  Privately Held

•  120 people

•  Not profitable yet

History

•  August 3, 2010 – Created by Janus Friis and Niklas Zennström

•  September 27, 2013 – Adds music recommendations

•  November 19, 2013 –  Lays off staff to ‘improve cost structure’

•  December 27, 2013 –  Shuts down Vdio video streaming after just 6

months

What’s HOT

•  Music recommendations and stations

•  Janus Friis’ next hardware startup Aether – Rdio’s integration with Cone

•  Spotify acquires The Echo Nest, the music provider for Rdio

•  The Grammy’s partner with Rdio to power its official app for this year’s awards

Secret Sauce

•  Social Music outside of Facebook friends

•  Free options

•  Unlimited streaming of 20+ million songs

•  Effortless music recommendations and stations

Story

•  New Music Tuesdays

•  Rdio Covers and “Off The Charts”

Competition

AND MORE!

Prediction

Succeed!

But it won’t overcome Spotify.