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Dalton Caldwell - Startup School 2010

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Published on Apr 23, 2013

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Okay, everyone.
The next speaker is Dalton Caldwell and he was the founder of one of the founders of I need, and now he's working is the founder of a new company that's working iPhone app called pick please sell download it now. It's a photo-sharing app for your fun but we are still have someone come the start of school and talk about a company that failed so dull is here we that's that that talk about, I mean because he, he, like how many there.
Great job like one of the best. We had a white attacked on on some things that I mean.
Well, it's a pleasure to be here. I know you price on analysts who were like who's this guy didn't coming off 9 months ago. Yes, that is being and I'm in. I mean what the company has started, and yes, it did up a few months ago and actually Paul specifically asked me to come talk today because there's still so many people they're doing music in doing things require licensing and I'm gonna talk about the real stuff I'm not gonna lie. So here it will appreciate that I'm going to tell the truth about music start-ups and you know I'm no strong emotional thing about hands tied by the economics of it. So this will be a little bit more to detail talked a lot of it was the OPI's.
So I graduated.
Stanford, been in my, on the matter. It's never an action. Been in this particular before yeah I did symbolic systems did a lot of programing and also got a B in psychology which a lot. I mean was a 6-year start up. The survey was 23 runners Stanford and 6 years is a lot as time and start appears you know it's like dog years look I raise or 50 million bucks says it seeks Sequoia CEO for most of that time I quite 3 companies including snow capped which Ron was talking pundits and we where I part one rounds I fired rounds companies start yeah that's seems very strange to me so hard snow capped started by Shawn Fanning and Ron still like people got my income revenue to $24 million monthly run rate, that's about 2 million a month or so, and that is something I'm very proud. When I look back at the entire experience Guinea actually making something monetize it that skills are important. I mean every day regatta Alexis 75-25 million units are widget hits 8 million makes it a very high percentage of the Internet, Sky and that was a lot of fine. It was a great trip. Yeah, it's fun.
The office.
I was a little frayed by doing this because I was afraid if you like, oh, you know, this guy's got sour grapes. He's in attack people music and history and rail that. So when you start by by saying this.
This us versus them thing is BS and.
I think a lot of people behave a certain way because of the situation is their own and actually their personalities are far less important. There's been a lot of psychological research like this. So you project on has endured a disguise near the treaty, when in fact people just optimizing the situation and and so this is something to really remember he's in the music industry and knowing music industry very well and the heads of all there was more that I can genuinely tell you there's just as many smart people in nice people are good people and bad people as our insular finale, and in so let that go on the record.
I music starts.
So what I see one of whom is a sort of why, why, why is it real.
Music well expertise, they'll have the best taste in music. You know about all the great bands everyone loves music you know everyone thinks that they're gonna be and then a Messiah complex benefits the music industry single handedly he's done music labels don't get it right.
You know everyone realizes that social music is this Heidi and I I should add music on Facebook. Wow, that will change the world. And frankly, it's easy to tons of traffic. If you listen. A lot of the talks. Today, the first thing when you're very early stages in traffic. If you put up free MP3 is on a Web server.
Somewhere you traffic and you feel really smart you know wow users my products, you know, but the. The fact is you know there's a downside but yet to a lot tactically fastest host a bunch of analyzes of eateries.
And, and frankly the users don't care you can build a terrible.
Product and if you're giving away free music people still find a way to continue to use it. I was a big fan of the original Napster that Chan wrote and.
I you guys used to burn it was not a great crash a lot by age of man-hours of being after I had a teacher and everything, so you know that's why you on so so here's the here's a who knows what this is, yeah, okay. That's a much higher percentage, so this was designed by one of my.
Former employees who work for me for a very brief time we weren't told the work isn't Harvard kids and you know I think he did a great job on it, you know, you can see the W and H know there's lot of subtleties very playful little and how does her kids actually decided to stick with this. That summer, they moved to soak and when

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