Grooveshark was the product of two young entrepreneurs. Grooveshark was a very popular streaming platform for music that was initially web-based and also had an app version for a period of time.
Despite its early success and a dedicated user base, Grooveshark's journey was faced with challenges leading to its eventual shutdown.
The question of why Grooveshark shut down is multi-faceted. At its core, Grooveshark's technology was noteworthy, considering that it was an underfunded venture built by two college students who were learning about business as they went. Grooveshark major weakness and reasons for its failure were copyright infringements, financial struggles and lack of investment.
The company was sued by multiple record labels and the app was subsequently banned from mobile marketplaces. The company shut down in April 2015 and the platform founder was found dead in his room a couple of months later.
The closure of the platform left many wondering what happened to Grooveshark which had once seemed poised to redefine music consumption. The aftermath serves as a reminder about the importance of operating within the legal frameworks of a startup's industry.
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