Pandora receives US$ 7.8 million in Series B funding round, with Walden Venture Capital, Selby Venture Partners, Robert Kavner, Peter Gotcher, Marcus and Labrador Ventures as investors. Pandora launches as an online radio service. Unwilling to give up, Pandora’s founder Tim Westergren convinces his 50 employees to work 2 years without pay. Pandora quickly runs through its initial $2 million in funding, running out of money by 2001. Pandora anounces its first funding round, aising US$ 1.5 million. with the idea of creating a separate, individualized radio station for each user, with music that the user prefers without music that he or she does not prefer. begins as Savage Beast Technologies, and is founded by Will Glaser, Jon Kraft and Tim Westergren. Interest is also ranked by country and displayed on world map. The chart below shows Google Trends data for Pandora and streaming service competitors Apple Music, Spotify, Amazon Music and Google Play, from January 2004 to Month 2021, when the screenshot was taken. Pandora would grow to be the second most popular iPhone app. Pandora app period, beginning right after the release of the iPhone App Store. Pandora Radio is created, after Larry Marcus of Walden Venture Capital recapitalizes the business and scraps the Business-to-business model with the idea of bringing music directly to the consumer through personalized Internet-based radio. However, at the turn of the century, it is already a dying business. First period of Pandora, starting as Savage Beast Technologies, with the vision to provide software to help people buy more music in music stores.
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