Saturday, June 02, 2007

Slacker Gets More Money

This is a lot of money...

"peHUB has learned that San Diego-based Slacker recently raised $40 million in Series B funding, which comes on top of a $14.5 million Series A round announced earlier this year. Centennial Ventures and Rho Ventures came aboard as new investors, while returnees included Austin Ventures, Mission Ventures and Sevin Rosen Funds."



I just wish they weren't trying to do so much.... radio service, media player application, portable hardware device, satellite network infrastructure. It feels analogous to a start-up that has created a new type of car, that runs on a new type of fuel, that also requires them to build out a network of filling stations around the world. In the end, this news story may have it right... $53.5 million dollars invested so far may not be enough.

Personally, I will just bide my time for 3G and/or citywide Wi-Fi networks to enable me perpetual access to all the media (from all the sources) I want...

1 comment:

davidporter said...

Jason,

I agree. I understand that the value prop for what they're doing is significant (fresh programming with music I like + some discovery, ubiquitous access). But it seems like executing on the web now (and not trying to compete with the iPod) makes more sense as the playing field will be leveled for all in due course.