6. Financial Info
• Rdio has raised $17.5 million (2013) from:
– Atomico
– Janus Friis
– Mangrove Capital Partners
– Skype
• Privately Held
• 120 people
• Not profitable yet
7. 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
8. 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
9. Secret Sauce
• Social Music outside of Facebook friends
• Free options
• Unlimited streaming of 20+ million songs
• Effortless music recommendations and
stations