Lala founder forgets to lay off 20 percent
Paul Boutin · 10/23/08 01:40PMSerial entrepreneur Bill Nguyen just relaunched Lala's music service in the middle of layoff mania. The new version — high audio quality, no DRM — is pretty good. But I have to ask: Why bother, Bill? This is Lala's fourth or fifth attempt at a business model. Nguyen could get funding for another boring enterprise wireless startup like Onebox or Seven tomorrow. Those things make money.I think I've outed Bill Nguyen's secret: In a Valley full of people who want to be Steve Jobs, he wants to be David Geffen — the maverick behind the scenes in the music business. Stoking the starmaker machinery behind the popular song! Too bad the truth is more like that other Joni Mitchell line: "I deal in dreamers, and telephone screamers." UPDATE: Bill replied after I hit Publish too soon. I'll just paste it in: