Startup and Technology News, Vol. 1

I read a lot. I’d love to find a way to share the best of what I read on my blog. This is my first attempt.

Bob Lefsetz latest letter about Spotify and the larger music economy is a must-read. I’ve been sharing “Spotify Rules” with a lot of my music industry friends, but anyone that consumes music would find it insightful. Lefsetz predicts the MP3 will be extinct by 2018 and that streaming data will be the new first-week sales report. There’s more in it, though. Definitely give it a read.

Secret just raised $25 million in it’s second round of funding. Don’t tell anyone. In all seriousness, can anonymity apps make money? No one from Secret or their rival app Whisper have publicly discussed they can/will monetize. This is something definitely worth keeping an eye on, especially since Secret and Whisper are both raising serious dough.

Fred Wilson expects continuing fragmentation in the mobile messaging app marketplace. In other words, there won’t be one go-to app for communicating with friends. Instead we will use a variety of messaging apps to communicate with different people for different reasons. That’s good news for Klique. We’re the only app with group-to-group chat messaging.