Last man streaming: Spotify’s $250 million war chest makes it the music company to beat
Among the many things that Spotify has excelled at since launching in 2010 is raising money — and this week, it reportedly raised an eye-popping $250 million more. Investors have now bet a cumulative half-billion dollars that the streaming-music company founded by Daniel Ek can dominate online audio, even at a time when deep-pocketed giants like Google and Apple have released streaming services of their own. With competitor Rdio laying off roughly one-quarter of its staff this week, Spotify appears poised to dominate the world of music on demand. 
  • Camera: Nikon D600
  • Aperture: f/5
  • Exposure: 1/100th
  • Focal Length: 64mm

Last man streaming: Spotify’s $250 million war chest makes it the music company to beat

Among the many things that Spotify has excelled at since launching in 2010 is raising money — and this week, it reportedly raised an eye-popping $250 million more. Investors have now bet a cumulative half-billion dollars that the streaming-music company founded by Daniel Ek can dominate online audio, even at a time when deep-pocketed giants like Google and Apple have released streaming services of their own. With competitor Rdio laying off roughly one-quarter of its staff this week, Spotify appears poised to dominate the world of music on demand.