philip lelyveld The world of entertainment technology

5Feb/20Off

Meet the Tech World’s 10 Newest Bets on the Future of Music

DSC03041-2Techstars Music … announced its 2020 class today, trumpeting 10 music-tech ideas it believes will be key to the industry’s future.
The mentorship-based, music-focused startup program — which spawned out of general technology startup accelerator Techstars four years ago, has since raised $75 million in follow-on capital, and now boasts a combined portfolio value of almost $350 million — announced its 2020 class today, trumpeting 10 music-tech ideas it believes will be key to the industry’s future.
The startups will soon meet in Los Angeles for a weeks-long incubation period of development and coaching from Techstars Music and its partners, which include Peloton, Warner Music Group, Sony, and manager-promoter Bill Silva. On the accelerator’s “demo day” in May, 400 investors and music-industry executives will gather to hear the startups’ sales pitches. While the day used to be an informal affair, the organization has since grown it into “this one day a year where everyone interested in media and entertainment can be in the same room together” in Hollywood, Moczydlowsky says.

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