Singshot = longshot; raises $1 million for karaoke play
Business Week reports that four-month-old SingShot Media, of San Francisco, has raised $1 million in February from Transcosmos Investments, the VC arm of the Japanese IT outsourcing firm.
Singshot is still in stealth, but describes itself as an Internet-based talent platform centered around karaoke.
Founders/directors Ranah Edelin, Niranjan Nagar, and Sean Ryan were execs at Listen.com, which built the Rhapsody music service and was bought by Real Networks, Inc. in 2003 for $36 million.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
