Dan Runcie: Why Genius sold for less money than it raised?

"Last week, Genius was sold for $80 million in a fire sale to MediaLab.AI, which is less than it raised! It's a disappointing exit for a company once valued near $1 billion, but it's a reminder of the importance of platform dependency" - Trapital's Dan Runcie looks back on the business model of the lyrics site, and gives reasons why it didn't work out.