Comment by rwieruch
Not ignorant at all.
I'm not sure if they’ve added any monetization features over the years. Back then, it was arguably the best platform for getting discovered as a producer or DJ. When I stopped making music, I was getting a lot of requests to play at clubs across Germany and Europe.
At the time, I preferred to stay anonymous, so I never made the leap into the professional or public scene. Still, I was in touch with some producers early in their careers on SoundCloud when they had 1000 followers, like Robin Schulz and Felix Jaehn, if those names ring a bell.
So yes, I’d say it was (is?) definitely a launchpad for artists. But as far as I know, there was never a real way to monetize on the platform.
Unfortunately, when I stopped paying for the Pro version, they removed almost all of my music. Only 5 mixes are still up :')
Might be fortunate instead: they're setting up to be able to train AI on specifically you and then, if needed, make music AS you undercutting you. Such is the way of things these days.
I dropped Soundcloud paid version too, and migrated to just YouTube. Currently YouTube is trying very hard to learn to reply to my fans AS me, but through pushing buttons to immediately supply AI-generated responses. I'm sure anyone else with a substantial YouTube presence has seen this too.
So far, they are not self-pressing the button and taking over replying to my fans for me, against my will. So far. They'd also be looking at some challenges in AIing my content as it's weekly open source software development serving a specialized audience, though they would have a considerably easier time AIing my thumbnails, as those are a very predictable pattern and reproducible.
Regarding OP, and in the light of what I've said, maybe ask yourself in what way you can disambiguate yourself from any random AI-powered startup in targeting what for the other startup will be an arbitrary or shotgun selection of customer targets. Is there an audience you can work specifically for, and is there a way you can signal to that audience that you're particularly aware of them and interested in working for them?