You've probably heard the news recently that SoundCloud laid off 173 employees, disclosing the financial bind that they are currently in. Needless to say, things are not looking too good for SoundCloud and those former employees. But Damian Bradfield, the president of WeTransfer (the largest file sharing company in the world), was not going to let their talent go to waste.
In an open letter posted today, Damian explains that he emailed each and every one of the former SoundCloud employees, offering them $10,000 to bring forth ideas that could potentially be the next innovative and brilliant idea.
He says, “SoundCloud has always been the challenger. Look what they’ve achieved: they courted, vetted, groomed and trained these 173 people who specialize in music, technology and innovation. It seems sacrilegious to just let them go out and get regular jobs. We desperately need innovation. We need challengers."
"We want people to create. What could be better? We want to see amazing proposals. Start something — that’s what we’re saying. We’ll do whatever we can to help, but we aren’t VC’s. This isn’t an investment. It’s not a loan. It’s an opportunity. We aren’t trying to compete and don’t want to own anything. It’s a chance to have some fun."
You can read the entire open letter from Damian here.