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Shazam: How An Idea Became An Apple Acquired Revolution

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If you thought Shazam was a company started just for recognizing song names, then you have some catching up to do! If you confuse this creative startup for a tried, tested and predictable platform, then you are sorely mistaken.

The beginning 

Remember a time when you were sitting at a bar/restaurant and could not for the life of you remember what the name of the song you are listening to was called? These moments can be broadly classified into two parts: the pre Shazam moment and the post Shazam moment. The pre Shazam times were extremely infuriating, a time where you would be plagued for eternity when your memory deserted you. Post Shazam, everything in the music industry changed and life became extremely easy!

When Shazam was founded in the year 1999, there was a host of other apps which were launched during this period as well. Unfortunately (or fortunately for Shazam,) these apps crashed and burned as swiftly as they surfaced, making it difficult for people to believe in the emergence of something new or exciting to look forward to. Be it through luck, chance or by using innovative and cutting edge technology, Shazam managed to stay afloat amidst all the crashes.

The technology used for creating Shazam was extremely creative. What worked for Shazam in the initial years was that back then, music in the digital form did not exist. By creating a user interface with the perfect syndication of recognising music, enabling messaging services and music discovery, Shazam set itself apart in more ways than one. One of the major reasons behind the staggering success of this app was the fact that it used technology to its complete advantage! Despite CD players and recorders already existing, of smartphones and the sudden rise in their popularity.

The change in Shazam’s success route 

The emergence of smartphones opened new doors for Shazam. While the technology used by smartphones for music was similar to this music recognition app’s software, it still helped create a large new database for users. With more and more people buying the app on a regular basis, people started associating music with the big red button that would help you discover songs you did not know about. Digital music also started emerging in a swift manner and Shazam soared to new heights by riding on this new growth wave.

This shift had a considerable effect on the way music was being bought as well. While Apple’s iTunes may have been instrumental in helping people buy individual tracks as opposed to entire albums, it was Shazam who first made this possible. Their selling factor was simple: listen to the track, like the track, find out about the track and buy the track! By the time this app was taken over by Apple, it accounted for a little more than 10 % of the music sales world over.

Shazam’s eventual fall and take over by Apple 

With the decline of MP3 players and an increase in the amount of data one could store on their phone, buying music started becoming a thing of the past. Although people were still buying music, Shazam’s presence in the market was about to be disturbed by the entrance of an evolution in the form of Apple!

On 10th July, 2008, soon after launching the first ever iPhone and a little after launching iPhone 3G, Apple opened its doors to apps which wanted to be a part of this new wave. The first ever Shazam application for the iPhone not only allowed people to discover music, but also to buy, share and play the music they liked! Once the bugs in the previous version were cleaned up, the new interface became more user friendly. 

What went wrong for Shazam over the years was that this music sharing and listening app never really had a strong foundation to its name. Apple was sitting on a large influx of cash and its decision of buying out Shazam was not a question of why, but a question of why not. The buyout was crucial and changed the way people listened to music, creating a new way of life not just for avid music lovers, but also for Apple as a company!

Shazam’s rise and fall from success was quite a cautionary tale, warning people that if you play hardball, you have to keep an eye out for the competition as well!

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Ex Facebook Employee Reveals How He Made $ 1 Million In A Year

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Patrick Shyu, a YouTuber who previously worked as a tech lead at Google and software engineer at Facebook, uploaded a video discussing his income after leaving the giant companies.

Shyu, whose channel TechLead has more than 500,000 subscribers, said in the video while others prance around in their business suits, driving Jaguars and acting self important, he made a million just by sitting in his toolshed, sipping coffee.

Shyu was able to generate such a huge amount from two primary sources—YouTube, which Shyu considers his main job and Facebook, which is his “side hustle gig.”  By making YouTube videos, Shyu made over $ 240,000 from ad revenues over a period of 12 months and another $ 260,000 from affiliate sponsorships. While at Facebook, Shyu made a total of $ 500,000 from base pay, bonus and equity, before getting fired.  After adding both the incomes, the total comes to a million dollars a year, Shyu explained in the video.

Even though making a million may sound easy, Patrick Shyu discussed how difficult it is in reality.  Shyu had to work 80 hours a week continuously. This included working from 8 A.M., to midnight every day, including Sundays.  While Shyu urged people not to follow his footsteps, he did acknowledge how beneficial it is to have a second job to boost one’s income.

Patrick Shyu admitted he was able to make more money as a YouTuber than he did working at Google and Facebook.  However, there is a downside to earning such a large amount as one does not have enough time to enjoy the money they are earning.  In Patrick Shyu’s words, he had to sacrifice gaming, movies and spending time with family in order to earn the million dollars. 

 

Earlier, Patrick came into the limelight when he uploaded a video titled Day in the Life of a Facebook Software Engineer.  In the video, Shyu explained the reason behind him getting fired from Facebook was his YouTube channel.  He further explained the Human Resources at Facebook did not like his YouTube channel, resulting in him being fired.  In the same video, Shyu also ridiculed the work culture at the Company.

 

Even with the disadvantage, Shyu put more emphasis on how important establishing a business is.  He concluded the video with the statement that there is always a fear of being replaced when working under someone.  However, working on your own business gives you the freedom of generating as much revenue as you want on your own conditions.

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20 Inspiring Quotes By Young Entrepreneurs

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There is no specific age to become an entrepreneur.  Many successful entrepreneurs started out young and through their hard work and creativity, were able to build a business empire.  Here is a list of inspiring quotes by people who started really young yet became successful beyond their imagination.

Inspiring quotes by young entrepreneurs

1. Victoria Ransom

2. Larry Page

3. Adam Neumann

4. Ben Weissenstein

5. Biz Stone

6. Joanne Malone

7. Jess Lee

8. Sarah Blakely

9. Michelle Zatlyn

10. Jessica Herrin

11. Drew Houston

12. Tony Hisch

13. Pete Lau

14. Deepinder Goyal

15. Jordan Fleigel

16. Michelle Phan

17. Mark Zuckerberg

18. Michael Dunlop

19. Jacob Cass

20. Jack Nickell

 

We hope these quotes by young entrepreneurs inspired you in some way.  Comment below and let us know which of these quotes is your favourite.

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Lessons To Learn From Joanne Malone

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Joanne Lesley Malone is a British entrepreneur and perfumer who founded the famous luxury brand Jo Malone London.  Malone’s entrepreneurial journey is one of the most inspiring ones. She launched her own company at the age of 20 and worked hard to make it a success.  Respected by many, Joanne Malone’s success story is filled with many valuable lessons. Here are some important lessons one can learn from Joanne Malone.

Lessons to learn from Joanne Malone

1) School education doesn’t determine your success

Despite being a successful businessman and a millionaire, Joanne Malone lacks any kind of educational qualification.  During her childhood, Joanne Malone suffered from severe dyslexia and faced many difficulties in school. Her teachers, instead of helping her, would describe her as lazy or stupid.  This prompted her to leave school without completing her education. Even without any qualification, she went on to create Jo Malone, which became a renowned and successful luxury brand.

2) Never settle for anything less than perfect

Joanne Malone named Madame (Countess) Lubatti, a famous skincare specialist in London, as her mentor and shared one of the greatest life lessons she learnt from Madame Lubatti.  Lubatti told Jo Malone to never settle for anything less than perfect. Malone followed this lesson throughout her life. She revealed to create the perfect fragrance for her brand, she creates 100 prototypes first. 

3) Creativity never fails

Even though she doesn’t have an educational qualification, Joanne Malone became a successful entrepreneur.  According to Joanne Malone, her success is all thanks to her creativity. Malone also defines her creativity as her career’s best friend and believes an investment made on creativity will never fail you.  Malone describes creativity as something which adds color to one’s life.

4) Never be afraid to start over

At the peak of her career, Joanne Malone was diagnosed with breast cancer.  This diagnosis led Malone to sell her Company to Estée Lauder.  She remained the creative director of the Company, but left in 2006, a decision she later regretted.  Malone was not allowed to create any new fragrance line of her own for the next 5 years. This did not stop Malone and she went on to launch a new fragrance brand called Jo Loves. 

 

Joanne Malone is a perfect example of how, through creativity and hard work, one can achieve great success.  She is considered an inspiration by many women who dream of launching their own company one day.

 

Which of these lessons from Joanne Malone’s life did you find inspiring?  Comment below and let us know.

 

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