Monday, February 7, 2011

Pandora IPO's SoCal Connections

Rumors of an IPO filing for Internet radio service Pandora heated up last week, after the firm's appointment of Peter Chernin and Barry McCarthy to its board. Pandora has some Southern California connections--beyond its relationships with music studios here--including Jon Kraft, who co-founded Pandora, and Peter Gotcher, the co-founder and Chairman of Los Angeles-based TopSpin. Kraft co-founded Pandora with Tim Westergren when it was known as Savage Beast, and is now COO of Pasadena-based UberMedia, the Twitter client and advertising startup headed by Idealab's Bill Gross; Gotcher sits on Pandora's board of directors.

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