Am I missing something? This report is from 2014. Despite the fact that "SoundCloud was heavily reliant on further capital investment to continue operating in 2015."....it did indeed raise money, made it through 2015, and is still operating in 2016.
It seems that this "report" is coming out now because stories about startup implosions get more clicks these days. It shouldn't surprise anyone that they are and have been losing money. That's why these companies raise such large rounds.
It seems that this "report" is coming out now because stories about startup implosions get more clicks these days. It shouldn't surprise anyone that they are and have been losing money. That's why these companies raise such large rounds.