Slacker gets $40M in funding
Monday, June 4, 2007 at 7:19 AM
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San Diego-based Slacker has raised $40 million in Series B funding, led by Centennial Ventures and Rho Ventures, and repeat investment from Austin Ventures, Mission Ventures and Sevin Rosen Funds.
This comes on top of a $14.5 million Series A round announced earlier this year.
PEHub points out that Last.fm raised $5 million, and was subsequently sold to CBS for $280 million (not a bad flip), so how much will Slacker flip for?
Of course Slacker's ambitions are a bit higher, combining their online player, desktop radio and soon a Wifi enabled Slacker Portable and a satellite powered car dock.
So judging by what Slacker wants to do, I think this will be the first in many cash infusions for the company.
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>>"So judging by what Slacker wants to do, I think this will be the first in many cash infusions for the company."
My guess is Slacker wants to be the Swiss Army Knife of audio services; sort of an odd conglomeration of convergence device and content provider. I'll bet it doesn't do any one thing all that well.
Until I see differently, I'm thinking jack of all trades, master of none.
Posted by: MikeHunt ? | June 4, 2007 8:13 AM
>>Until I see differently, I'm thinking jack of all trades, master of none.
Idunno about that one. They had the online player part down pretty good. Now the desktop player is working really well. That's two of the three.
Their musical library is small, but the playlists on the rock and alt rock channels have been getting better as the months have gone on.
I will cancel neither Sirius nor XM for this and I doubt I will go for their pay service but I just may.
Posted by: dualsub2006 ? | June 4, 2007 10:00 AM