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MusicJuice.net: The Challenges of Starting Up a New Internet Venture

Simon Parker; Rocky Liu

商品編號:9B10A013
出版日期:2010/05/21
再版日期:
商品來源:Ivey
商品主題:Entrepreneurship; International Business; Marketing
商品類型:Case (Field)
涵蓋議題:Dominant Designs;New Venture Challenges;Startups;Internet;Competition
難易度:4 - Undergraduate/MBA
內容長度:6 頁
地域:Canada
產業:Amusement and Recreation Services
事件年度:2008

MusicJuice.net is a new website designed to bring together musicians and a fan-base in order to raise finance for new bands. It enables musicians to bypass the large established record companies and their high royalty takes, while giving fans direct contact and involvement with exciting new acts. It is an example of a venture idea transported from one country (the Netherlands) and applied in a new and larger geographical setting (North America). The case illustrates the novel "crowd-sourcing" business model, which is designed to raise finance from customers rather than the entrepreneur. Most importantly, the case illustrates the challenges of starting new Internet ventures and the early stage founding issues that are involved. After a long and costly delay in establishing their website, the two founders of MusicJuice.net have struggled to generate any interest or even awareness amongst online musicians and fans, despite only limited competition from other players in the marketplace - a situation, which is already beginning to change. Students are asked what the entrepreneurs behind MusicJuice.net can do to raise awareness of their service and to generate enough customers to survive.

教學手冊:8B10A13
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