// startup autopsy
Musical.ly
A social media platform where users created and shared short lip-sync music videos.
platform dependencyacquisition_distress
Key Events Timeline
FOUNDING
Alex Zhu and Luyu Yang unofficially release Musical.ly's MVP in July 2014, created in just 30 days with less than 10% of their seed funding remaining from the failed Cicada project.
LAUNCH
Musical.ly officially launches in August 2014 as a video-based social media platform for creating and sharing short videos with music soundtracks.
MILESTONE
Musical.ly reaches #1 spot in the App Store and raises $16.6 million in Series A funding, about one year after launch.
MILESTONE
Musical.ly reaches 40+ million users by the end of 2015, with rapid expansion driven by lip-syncing content trend.
FUNDRAISING
Musical.ly raises $133.5 million in Series B funding and is valued at $550 million, less than two years after launch.
MILESTONE
Musical.ly reaches approximately 130 million users by end of 2016, with 40 million monthly active users. The company has launched spin-off apps live.ly and later Ping Pong.
PARTNERSHIP
Musical.ly partners with Apple Music to integrate music catalog and allows users to cut 15-second clips from streamed songs.
PRODUCT UPDATE
Musical.ly receives significant redesign emphasizing feed personalization and shifts focus from lip-sync to all types of videos, partnering with major broadcasters.
ACQUISITION
ByteDance acquires Musical.ly for between $800 million and $1 billion on November 9, 2017. ByteDance initially states Musical.ly will operate as an independent app.
SHUTDOWN
ByteDance announces the merger of Musical.ly into TikTok, shutting down the independent platform just nine months after acquisition, ending its four-year run.