For Dash Radio founder Scott Keeney, streaming music and radio are two very various things. On the streaming facet, Apple and Spotify dominate, and “there’s not going to be room for much else.” But in the case of radio, he argued, “It’s the wild, wild west.”
Keeney, a.ok.a. DJ Skee, was already one of many greatest radio DJs when he began Dash. For him, radio is a extra curated, personality-driven, “lean back” expertise — so Dash Radio focuses on dwell reveals, with a lineup of greater than 400 reveals throughout 75 stations, with huge names like Snoop Dogg, Lil Wayne and Ice Cube as hosts.
The startup is saying that it’s now reaching 10 million month-to-month listeners, and that it’s raised an $eight.eight million seed spherical.
Investors embrace Nimble Ventures, Slow Ventures, Lazerow Ventures, Muzik, Arab Angel, G Ventures, Lindzon Capital Partners, Jason Flom, Orin Snyder and Ian Schaefer. Warner Bros. chairman and CEO Kevin Tsujihara and Alibaba’s former chairman of U.S. investments Michael Zeisser additionally invested and are becoming a member of the corporate’s board, as is Passport Capital founder John Burbank.
“I’m honored to be becoming a member of the board at Dash, and enthusiastic about the true change they’re driving throughout radio,” stated Tsujihara within the funding announcement. “With their great leadership team, terrific original curated content and an offering unmatched in the market, Dash is positioned to disrupt analog radio and convert listeners to Dash users.”
Speaking of analog radio, Keeney acknowledged that there are different companies (like iHeartworkRadio) that convey dwell radio broadcasts on-line, however he advised that they’re coming from “legacy players” who’re “all burdened by legacy infrastructure.”
Dash is ready to take a distinct strategy. For one factor, it’s lower out the lengthy stretches of promoting — as Keeney put it, “We figured a business model that goes around these traditional insertion-based advertising models.”
That doesn’t means it’s avoiding sponsorships. In reality, it lately opened a studio within the Empire State Building (it already has a studio in Los Angeles) in partnership with Build-A-Bear, which additionally operates a branded children’ station on Dash. What Dash isn’t going to do is interrupt the music and reveals with advertisements.
Keeney additionally advised that Dash may finally introduce a paid, premium plan with options like on-demand present archives.
He made it clear that if Dash actually goes to be the way forward for radio, it wants to permit new expertise to succeed as effectively. That consists of surfacing new…