SoundCloud faces do-or-die vote by investors

 SoundCloud will soon collapse if investors don’t vote for a rescue funding round tomorrow. The stumbling music streaming community site had to suddenly lay off 40% of its staff last month. Now it’sasking investors for $169.5 million at a pre-money enterprise valuation of just $150 million.That’s a steep drop from the $700 million valuation of its previous rounds. Read More

Author: Josh Constine
Published at: Thu, 10 Aug 2017 17:11:17 +0000

Credits: https://www.techcrunch.com