Last month we detailed the many, MANY problems with SoundCloud. Employees told us the company is “a shitshow,” with a lack of product direction, talent leaving and employees secretly using Spotify.

Rather than focus on its unique value proposition of being the “YouTube for Audio” with demos, DJ sets and remixes available nowhere else, SoundCloud chased dreams of grandeur as it tried to evolve into a Spotify competitor. But after taking years to negotiate deals with the major record labels, the extremely late $9.99 SoundCloud Go+ subscription service flopped. Meanwhile, it had burned credibility with core users like DJs by removing their music over dubious copyright claims while trying to suck up to the labels.

SoundCloud CEO Alex Ljung would be replaced if the company receives the new funding

SoundCloud lavishly spent money on offices around the world while its CEO galavanted at music festivals like a rock star. SoundCloud recklessly wasted money, hiring people up until the moment it announced they’d be immediately let go as part of the 173 layoffs it announced last month. Now staff morale is in the toilet, the user experience is a mess, the subscription models are unappealing, competitors are growing rapidly and musicians are fleeing to other upload platforms Business Center.

That’s why it seems crazy for investors to fund a $170 million Series F to keep a sinking ship afloat a little longer unless SoundCloud is willing to swallow its pride and get acquired for whatever it can get.

The new investors would be Raine Group and Temasek, plus existing backers Union Square Ventures, Doughty Hanson and Atlantic Technology. They’d at least get preferred stock that’s paid out upon exit before previous investors. But how are they to know they won’t get diluted too when SoundCloud runs out of money again? The new deal would reportedly reduce the liquidity preference of the previous Series E investors by over 40 percent.

We reached out to SoundCloud PR and its CEO for comment or clarity on the do-or-die fundraise, but didn’t hear back.

Investors’ best bet is to fund a small bridge round just big enough for SoundCloud to shop itself around and find a buyer. Perhaps Google would buy it to align the YouTube of Audio with the YouTube of YouTube. Or Amazon could step in and try to do for musicians what it did for book authors by creating a convenient aggregated marketplace, though acquiring Pandora might better mesh with Amazon’s mainstream demographic.

SoundCloud has proven it can’t manage itself. It’s too damaged, too in debt and too far behind to thrive independently without a miracle turnaround. No matter what, the whole service is on shaky footing, so musicians may want to archive their audio and start promoting their presence somewhere safer.

Cryptocurrencies are back. But did they ever go away? If you ask cryptocurrency advocates, they’re going to tell you that it’s been a slow and steady rise filled with initial coin offerings, forks and updates. That’s why we’re excited to welcome Ethereum co-founder Vitalik Buterin and AngelList co-founder and CEO Naval Ravikant at TechCrunch Disrupt SF. They’re going to have a conversation on stage about all things related to cryptocurrencies hangsen.

Many people discovered cryptocurrencies through bitcoin around 2011 and 2012. After that, mainstream interest quickly waned. But entrepreneurs and engineers kept working on various projects related to cryptocurrencies. It’s unclear why many people outside of the cryptocurrency community got back into cryptocurrencies, but 2017 has definitely been a crazy year for the space.

In particular, Ethereum broke some kind of glass ceiling and became a major cryptocurrency on its own. At some point, the total market capitalization of all ethers currently in circulation was above $36 billion. Bitcoin is still the dominant cryptocurrency, but Ethereum is also a heavyweight now.

Vitalik Buterin is one of the best persons to talk about Ethereum as he’s been one of the main architects behind this blockchain.

At the same time, there’s been a bitcoin fork last week and bitcoin miners are about to adopt an update focused on scalability thanks to Segregated Witness. Ethereum already experienced a fork, and its main developers are also thinking about ways to increase scalability. It’s going to be interesting to hear Buterin’s take on those topics.

One of the reasons why Ethereum has become so popular is that many startups have raised the equivalent of tens of millions of dollars by offering new coins thanks to initial coin offerings (ICOs). Many investors have been funneling ethers to exchange them into new tokens that represent a stake in a company or a project. So the rise of Ethereum and ICOs have been intrinsically connected Unified Threat Management.

In addition to his role at AngelList, Naval Ravikant has been tweeting and writing about ICOs and cryptocurrencies for a while. He’s one of the biggest cryptocurrency advocates in the startup and VC community. He even launched CoinList with AngelList to make it easier to back and hold an ICO. He has a ton of interesting things to say on those topics.

Having these two people on stage at the same time should be a great experience. If you want to hear this discussion, grab an early-bird ticket to Disrupt (September 18 – September 20). You’ll also hear from Anna Fang (Zhen Fund), Adi Tatarko (Houzz), Kevin Durant (Golden State Warriors), Sebastian Thrun (Udacity), Lisa Jackson (Apple) or dozens of other terrific speakers.