Startup of the day: service for music recognition Shazam
technology·@xeo·
0.000 HBDStartup of the day: service for music recognition Shazam
A week ago, Apple bought Shazam for $ 400 million - an excellent excuse for the article.  Over the course of its history, the application has been installed by more than 1 billion users, it is unlikely that any of the readers do not know how it works, but just in case I briefly describe the idea. The user launches the application, presses the main button that occupies half the screen, Shazam recognizes the music playing next to it, tells its author and the name along with a link to the store. The second half of the screen is busy with advertising. The history of Shazam is the history of two technological revolutions. The first startup investment was received back in 2001, six years before the release of the iPhone, a year before commercial 3G networks appeared. The product was impossible not only to massively use, but also to effectively monetize - the presentation of the iTunes Store took place on April 28, 2003, Spotify was born in 2006. It took ten years to get the right infrastructure, and Shazam became really in demand. The audience grew, together with it the revenue grew, the company attracted new investments at an ever higher price. In 2015, the startup reached an estimate of $ 1 billion. And then there was a revolution of deep training, there was a breakthrough in the development of neural networks. Before our eyes, the key technology of Shazam from the mystical achievement of engineering thought is rapidly turning into a good diploma work of a student of the "Technosphere". At the same time, prospects are disappearing: in the new reality, the product is relatively easy and cheap to repeat, it has no competitive barrier. The consumer does not care: use the original or clone. Perhaps Shazam was looking for an opportunity to sell: the funds wanted to return their investments, and the founders had something to gain from a project that has been running for almost twenty years. The fair selling price is determined by the current revenue - $ 50 million per year - and this is definitely not a billion. Apple - the ideal buyer: he has a lot of money, interest in music is huge, a more logical deal is difficult to come up with. 
👍 xeo, shallow, zey, tolik0508, kovalenkoartur, demotivator, filipok, pumpordump, taleev, jummangi, likeboss, bekoz, vankik, peertopeer, pass-alexander, patison7, baaalla, welcometomypage, bomit555, vanican, paramol, civic, vendok, pimakov2010, rnb, mangoug29, pavellut232, tolya1966, hyip, zub212, klinovslava2000, dnb, didkov, bkvas, sergioan, prosto, hum777, romanjv, aptyp, borfkr4305, vagabond66, slavic, serdgstan, soon90, bladerunner12, oliasoxa, ntl, watermelon97, behavior, meizu, galinash, subbut, yezzz, futyn, betterfriend, brainchain, littlegat, dgin, crazyflow, labby, tenuous, shitneeddollar, vanya666, temperature, profess, roadman, exorcist, badboysrty, orange17, abcxyz, gywe25, volgasis, tuponik, wildstyle2, irina1989, drek, netuser, merciful, tolyamba, slowtrain, knockknock, bushes, obscene, enter2, xxxxxx, toothpaste, machine44, buxbunny, prevent, yaksteel, unadvised, suc, scrawny, outstanding, successs, ukrteacher2017, playwright, tenuous75, skillet, xer0x, iris065, agafonov, vict, antoninaj, jakobs, sonje, zec-etc, lollie, barandqa, bando8, bandoo, ozaw, amoled, jaj, tokenbase, overdan, bemust, vodko, babado, slava270, burglar, aaalexxx, sigizmund, blacknumberless, vivacious, squeamish, iamhilarious, bobirak, knitted, frontier5, disposition, absorbing, earthrr, foster-son, eremite, efflorescence, currencyty, arduous, cloudj, decisivef, neata, languagey, snotty, nostalgic, youfoot, hungryp, knocko, sloooimy, relation, driving, boxing7, ultratyty, girls000, zenk21ar, labuhrevan, ilya0584, shurf8787, lapaxcp, pedchenko, dunot9, ladywitch, vetergav, kriskorigan, bludberg, maslak59684, oixpu237, overdiana, membraniks, arwen007, kavalerios, reak37, maksimpro87, andreydream, possessed, wirash, wolk21, dakota7, nikusy, vikuor38, atlantos, denismanin91, supermakarko, tarik1985, sergiy92, lailani, marrtiony, andreyand, bil2, radionchirkasch, ret40, saza34, kille, kabboy, egor1995, barsovak, pavlocher, teodor166, krionite, daniillisterman, strateg2017, matr1x5, sashok, luckyfry, deadpool66, sfinks1987, goloslov, ksusha199400, izabellina, megodene, ak1551, savkina935, kaoni, bond131, ivangav, zelentso, goodwin11, ilia911, todoha86, bohdanol, tasoderf, reginasky, evangelin, ludasya, vovanzol1998, alexandercry, felerind, avakovsash, powieme, lemurzan, jarra, stivenbukerman, svibola, alex207, zunedid, ralfosana, flyingomnibus, valedinvit, kaonix, frikar, rudkomuk, nychharoshel, vikaurtyeva, skljar, atremig, cultura.bitcoin, visage82, valentina13, twitty, senwoo, mikimaus1, pankoval, dreypyl, kosik228, dimamv, alekseyplanet, yevalex, kanat, spalding, serhiibondariev, sterstrix, yonghy, parhomsasha, yssavin, astera, deuce18,