A music tech businessman has highlighted the problems with the music industry by writing a witty and insightful post comparing it with the modern tech industry.
runs the startup Skwerl
, and recount a recent dinner he had with music industry execs discussing the relationship between music and technology.
He says he didn't have the heart to paint an honest picture of the music business and how it is viewed by the tech industry. In his post, Tyler suggests that we imagine each business as an island, as he wrote in Islands of Opportunity
"Many of our friends [in the tech industry] are partying their a-ses off on Apple Island while making millions (and in some recent cases billions) and that sure sounds like a nice place to build a business.
"Not far away is Facebook Island, which also taxes at 30%, and we all have friends who are partying hard and making their millions (and in some cases billions) and life sure sounds good on Facebook Island.
Tyler goes on to detail Facebook and YouTube Islands, which despite their pitfalls remain decent places to conduct business. "Hell, over at Microsoft Island, they're paying people to dock their boats, giving out free land for the first 2 years and they even have open bars!
Then comes the damning depiction of Music Biz island, "where the natives start firing cannons as you approach, and if not sunk at sea, one must negotiate with the chiefs for 9 months before given permission to dock.
"Those who do go ashore are slowly eaten alive by the native cannibals. As a result, all the tugboats and lighthouses (investors, advisors) warn to stay far away from Music Biz Island, as nobody has ever gotten off alive.
This, says Tyler, is the reality of the music business in 2012. It's time for a change.