Goom channels $16M for user-generated online radio
Online radio stations have been taking a hit lately, with record companies cracking down on streaming copyrighted material. But Goom Radio, a new internet radio startup, has decided to take its chances, relying largely on user-defined playlists — much like its peer Pandora Radio. And despite steep odds, it just nabbed $16 million in first-round funding to roll out its service in the U.S. and beef up its advertising sales.
Goom lets users pick and choose… Continue Reading
Cleantech: Recession-proof worldwide?
[Editor's note: We've run several posts in recent weeks touching on cleantech's teflon qualities in the face of the downturn. Below, Munich-based venture capitalist Bart Markus explains why he thinks it will stay afloat, and two landmines it will need to navigate sooner than later. In doing so, he takes a more global perspective, highlighting European thinking on the problem that could go a long way in the U.S.]
Despite the post-dot-com-bubble depression and weak economy,… Continue Reading