Case analysis: music juice

Rocky LU and hind end Wong, cardinal friends who wanted to build a impudent cyberspace venture together, found an followinging concept in Amsterdam that they wanted to import in northernmost America it was a platform based on scrounging where fans could help their favourite musicians by raising property for them. The two entrepreneurs imported the core business representative of the company Jellybean. Com and added a few features to differentiate themselves from the animated competitors.However, once the company was created, several problems occurred A new competitor, Clothespin. Net, was launched one month after Injustice, backed by a large campaign. There were additional be and delays on the implementation of the website. Rocky was lacking cryptanalysis skills and John didnt have any management skills. This resulted in the deterioration of the relationship between the two friends. ii of the four revenue streams were inefficient, which lead to an insufficiency of ve nue. near of the people had the opinion that the website presented no interests In conclusion, the extreme problems were the lack of experience and skills from the two founders, the lack of interest from the website and the insufficient revenues. Given this situation, Musicale had several options to improve its judge proposition. For example, it could improve its marketing campaign or introduce more possibilities for users on Its website, like voting for his favorite artist or raise money or movies or books.These solutions would help the website to have more users, which is the unfathomed element of the concept of scrounging. For my part, I think that they could request advantage from the help of an outsider. For example, they could contact venture capitalistic or business angels. With their experience and knowledge, they would give broad advices to the two young entrepreneurs. Moreover, It Is an opportunity for Rocky and John to obtain financing for their startups.