Groupon’s founder and former CEO is trying to disrupt a new industry: audio production. Andrew Mason’s Descript edits audio like a word processor. The app, which launched last week, allows users to transcribe audio files and add or delete words straight from the transcription. “Something like Descript, where you can just show people words and allow them to use their editorial brain in order to craft content experience instead of doing it through engineering tools, makes it possible for a lot more of us to do this,” Mason told Cheddar. Mason said that, while some people think of music first when they think audio, his company is targeting “talk-driven media” in both video and audio. The company says that changes made to transcripts will reflect in audio files. The company says it has 8 staffers on, and recently secured $5 million in funding from venture capital firm Andreessen Horowitz. For full interview [click here](https://cheddar.com/videos/groupon-co-founder-starts-new-venture).

Share:
More In Business
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Load More