Earlier I wrote about the great online music service, Pandora, and how its team brought it back from the brink many times; it is now on the verge of becoming a financial success. A couple of days ago, Mari sent me this story from Slate about Tivo, another great service that millions of people love, but which has struggled financially. In fact, between 2000 and 2008, Tivo lost around $600 million.
Just like Pandora, however, the Tivo team toughed it out, and its backers stood behind it, and now they have gotten some breaks that have dramatically changed the equation for them. They could go from hemorrhaging cash to being a cash cow. Read the full story here.