Of course, I agree with you on the fact that if something gets funded (even by great VCs), that doesn't mean it'll succeed. I also agree with you on the point that ANY music startup can have a tough time. You made the argument that musicians don't have a lot of money to spend so it would be difficult to monetize. While this is true, I think that argument would need to be discussed more as opposed to putting most of the emphasis on startups that deal with labels (if you want to discuss music startups in general).