On a Facebook post David Porter said, “We served many listeners and DJs well, at important times in their lives, for more than a decade, introducing adventurous listeners to new artists they may never have otherwise discovered, and for that we’re proud.”Ĩtracks DJs may export their work to Spotify playlists a new “Save to Spotify” button appears on owned playlist pages. Porter and his team hoped for a $5-million crowdfunding take, and did raise $2-million. In June, 2016, the company initiated a crowdfunded investing campaign via SeedVest, using a new “Regulation A” SEC-approved mechanism by which anyone could buy equity for as little as $100. 8Tracks Radio Rating: 8/10 Buy If you buy something using links in our stories, we may earn a commission. As that balance sheet scenario shifted, the company experimented with subscription plans to supplement its audio and video advertising. “We’re lean-back that goes deep.” –David Porter, Founder & CEO, 8tracksĨtracks was profitable during its early and mid-stage years, according to RAIN’s conversations with David Porter. Over time 8tracks developed indie label and major label relationships which expanded the catalog of music available to DJs. In early days the site drew heavily on tracks from SoundCloud, when that platform allowed exporting of tracks. Users can add songs from their personal music collection or from 8tracks library. At that time, when Spotify and Google Play were in their infancy and Apple Music wasn’t around, 8tracks became a popular way for many people to discover new tunes and interact with other music. 8tracks was founded in 2006 and launched in August, 2008. However, where it really shines is in its radio station offering. The key feature of 8tracks was the user-created playlist, which had to include at least eight tracks (get it?) and at least two genre/mood tags. This ends an 11-year run of a streaming music service notable for its innovation, loyalty of its contributing users, and unique product. Venerable streaming music service 8tracks will close on December 31, SF-based Founder and CEO David Porter announced.
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