SoundCloud CEO Kerry Trainor says his company has ‘near-term challenges’ | Code Media

SoundCloud needed help badly when Kerry Trainor took over the company last summer.

The troubled music-streaming company needed cash, so it replaced its then CEO Alex Ljung with Trainor as part of a funding deal. The company took in about $170 million in financing.

That was a far cry from SoundCloud’s rosier standing when it was valued at $700 million in 2014 and was talking to big acquirers like Twitter. The company failed to find a seller, though, and had to fire 40 percent of its staff.

In his first public interview since becoming CEO, Trainor went behind the scenes on how he convinced the board not to sell.

Watch his full interview from Recode’s Code Media stage.



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(Source: Recode,
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