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When you smell an IPO coming, look for Kleiner Perkins Caufield and Byers. The Sand Hill Road institution has a knack for sniffing out high-potential deals and putting its venture capital coffers to work. Mobile phone music discovery service Shazam could have a liquidity event coming, according to the Financial Times, which caught Kleiner Perkins' attention. So, the VC company has decided to take a stake in Shazam.
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FeedKleiner Perkins takes a piece of Shazam, fingers crossed for an IPO
Continue reading Kleiner Perkins takes a piece of Shazam, fingers crossed for an IPO
Shazam: iPhone startup gets a slug of funding
In the online music world, there is a trail of dead companies. But, some have somehow found ways to not only survive -- but thrive. One is Shazam, which builds applications for mobile phones. This week, the firm hit 50 million users. And, it was also able to secure venture funding from the premier VC firm, Kleiner Perkins (the other investors include Acacia Venture Partners and DN Capital). The amount was not disclosed.
What explains the success of Shazam? First of all, the company has cool technology that lets your phone hear a song and then it will figure out its name as well as the artist.
Continue reading Shazam: iPhone startup gets a slug of funding
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