Founders Fund
Founders Fund, established in 2005 and headquartered in San Francisco, is a venture capital firm that invests across various stages and sectors globally. It focuses on companies developing transformative technologies, with a particular interest in science and engineering ventures. These include consumer internet, biotechnology, aerospace and transportation, energy, artificial intelligence, and health. The firm's investment size ranges from $500,000 to $300 million, providing maximum support with minimum interference to its portfolio companies. Founders Fund is known for its founder-friendly approach and has been an early backer of prominent companies like SpaceX, Palantir, Facebook, and Airbnb.
turntable.fm
Seed Round in 2023
Turntable.fm is a project of [Seth Goldstein](http://www.crunchbase.com/person/seth-goldstein) and [Billy Chasen](http://www.crunchbase.com/person/billy-chasen), the two guys who brought us [Stickybits](http://www.crunchbase.com/organization/stickybits). Users in each dance room has an avatar and can chat with each other. Users can create their own playlist and get up in the DJ booth to battle it out. Turntable.fm a social music platform that encourages hanging out with people and discovering music. If a DJ is playing a song you like, you can add it to your playlist, buy it on iTunes, find it on Last.fm, or launch Spotify. In November 2013, Turntable announced they would be shutting down turntable.fm to focus on their live events platform.
Aimi operates a music platform that merges human creativity with advanced technology to deliver dynamic, unscripted sonic experiences. The platform enables artists, listeners, and businesses to explore and create music in innovative ways. By utilizing artificial intelligence and machine learning, Aimi generates continuous music landscapes that cater to individual preferences, fostering a more engaging and immersive listening experience. It also offers an interactive software application that ensures artists retain their intellectual property rights and receive proper credit for their contributions. This framework allows businesses to customize listening experiences in alignment with their objectives while maintaining high standards of integrity.
Spotify, headquartered in Stockholm, Sweden, is a global music streaming service provider. As of 2023, it has 602 million monthly active users. The company offers on-demand access to songs across various devices, enabling users to search, discover, and share music. It also provides artists with tools to share their work and promote their careers. Spotify generates revenue through a paid subscription model, known as Spotify Premium, and an ad-supported service. In 2023, these models contributed to 86% and 14% of its total revenue, respectively.
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