Tamago, San Francisco company that uses peer-to-peer technology to allow musicians to sell their music online, has received $150,000 in angel backing, Joel Floyd told VentureBeat earlier this week.
Tamago ensures the publisher of a file receives a royalty every time it is sold. Members who distribute files to other members during a sale earn commissions.
VentureBeat tested this service last year, and at the time we found it difficult to see people paying for the music that was on the site, which comes from independent creators, many of them setting their own prices. However, with the music revolution in full swing, perhaps this company — run by just two guys — can pull something off.