I'm a musician who's planning on releasing an album through bandcamp, and I've been a fan of soundcloud since I discovered it.
bandcamp has a very different business model from soundcloud. it's set up to cater to artists selling music, and they take a cut of any music sold through bandcamp. This is a valuable service and they charge a straightforward fee for providing it. the downside of this model is that it assumes people will buy music. Which, to be clear, they very much do today. Streaming is popular but there are still tons of people actually buying music.
soundcloud's early business model was for artists to pay for more storage, or something, and in recent years, I'm honestly not sure what their business model is.
So, not surprising that bandcamp is profitable and doing well and has apparently not raised tons of money yet gotten to profitability, and also not surprising that soundcloud, which has taken a lot of VC capital, is not going to be betting on a business model that seems to be going away (but in the meantime is presumably quite profitable).
bandcamp has a very different business model from soundcloud. it's set up to cater to artists selling music, and they take a cut of any music sold through bandcamp. This is a valuable service and they charge a straightforward fee for providing it. the downside of this model is that it assumes people will buy music. Which, to be clear, they very much do today. Streaming is popular but there are still tons of people actually buying music.
soundcloud's early business model was for artists to pay for more storage, or something, and in recent years, I'm honestly not sure what their business model is.
So, not surprising that bandcamp is profitable and doing well and has apparently not raised tons of money yet gotten to profitability, and also not surprising that soundcloud, which has taken a lot of VC capital, is not going to be betting on a business model that seems to be going away (but in the meantime is presumably quite profitable).