SoundCloud needs a shit load of funding to continue. The funding would give over 50% of the company to the funders. So basically the entire company at that point, like 80% would be owned by investors prob. They also recently laid off 40%. They want $169.5M at pre-money $150M valuation. So valuation of $319.5M. It was previously worth like $700M or so from total of $230M in funding. #soundcloud #music #music_streaming #bankruptcy #funding #pub