Earbits - AngelList

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Product

Earbits is an advertising platform in the form of online radio. Bands, record labels and concert promoters pay-per-listen for airtime to acquire fans and market new releases and live events. We streamed over 4.6 million songs in Q1. In our first month of sales (March), we averaged a $12.12 CPM. We have royalty-free licenses with 260+ record labels and 4,300 artists. Investors include Geoff Ralston of Lala (acq. Apple), Y Comb., Charles River Ventures, and Start Fund. http://earbits.com

Founders

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Joey Flores

Director of Biz Dev for lead gen startup Affiliate Fuel, acq. by Experian. Co-founders left, I took over all operations, took it from $19M to $48M in two years.
Benjamin Bryant

BS in CS U of Mich. Master of Finance London Business School. Head of Tech for Hedge Fund
Christopher Gooley

i build technology. some things i've built: @earbits (YC W11), @foliohd, @humantelligence
Koichi Hirano

PhD in CS from University of Liverpool
Yotam Rosenbaum

Magna Cum Laude, Berklee College of Music. Music Producer: Century 21, Travelocity

Previous Investors

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George Zachary

A venture capitalist that invests in who we are and who we are becoming.
Geoff Ralston

Partner at Imagine K12. Partner at Y Combinator. Former CEO of music startup Lala (acquired by Apple); Former Chief Product Officer at Yahoo!
Hector Hulian

Entrepreneur, Investor and Internet Addict.
Jeff Miller

Hacker Angel. Founder @Punchfork. 11 yrs on Wall Street as a quant trader at Millennium & Goldman Sachs. BS Harvey Mudd, MS NYU/Courant. Data enthusiast.
Mark Friedgan

Manager at CatapultFund; Angel Investor; CTO at FundScience Inc.; BS/MS Computer Engineering, Carnegie Mellon University; CIO Top 100/InfoWorld Top 25 CTO
Ravi Srivastava

Professional Trader, Genetic Algorithmist, Managing Partner Purvi Capital LLC.

Incubator

Incubated by

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Y Combinator

Y Combinator runs two three-month funding cycles a year. Each cycle culminates in Demo Day, at which the startups present to the world's top startup investors.

Advisors

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Sean Knapp

Founder & CTO @ Ooyala; Senior Engineer @ Google; Stanford MS & BS in CS.
Corey Brundage

Founder, betterSHIFT Founder, KorMethod Founder, SendLove.to Board of Advisors, Earbits Advisor, Tandem Advisor, RobotDough
Chris Lyman

Founder and Chairman, Fonality Telecommunications
Alex Hartzler

Chairman of Sarona Frontier Markets Fund; J.D. George Washington University
Dina Hellerstein

Assoc. General Counsel, Yahoo! Music; VP of Legal and Business Affairs, EMI Music

References

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Avichal Garg

CEO - Spool; CTO - PrepMe (acquired 2011); PM - Google; MS/BS - Stanford

“Whoa. Announced our redesign using Chrome alerts and streaming went up by 50% in one day. Damn we love this stuff.”

8 days ago

5 Comments

179 Followers

Avichal Garg Joey, Ben, and Yotam are amazing. At every stage, they've impressed all of their advisors by managing to get things done that they probably shouldn't have been able to pull off. There aren't a lot of entrepreneurs with that kind of heart and hustle, and it shows because they've made tremendous headway in an extremely difficult industry.

1 month ago

Mark Friedgan The earbits team is very capable and have been very responsive to their investors about progress. They are continuing to innovate online music including getting artists signed to a label through their platform. Very impressive early revenue numbers.

1 month ago

Jeff Miller Joey Flores and his team are stone-cold operators who know the music business inside out. Bands love their platform, traction metrics are starting to blow up, and they've proven their ability to innovate in a tough category. Super excited to be an investor.

1 month ago · Naval Ravikant likes this

Corey Brundage I've been an advisor with Earbits for over a year now. Online music distribution is a tricky business and most companies develop products with no clear path to financial sustainability. Earbits, on the other hand, has a unique business model that actually works, a superior product, and is solving a very real and serious problem. In two years, there won't be an artist in the world who doesn't want to... more

1 month ago

Michael Berolzheimer Experienced team, beautiful product and a repeatable, scaleable revenue model in online music -- and that was 2011. Joey is, without question, the most articulate entrepreneur I've ever invested with. In addition, the entire team knows all sides of the music industry, and they're polite yet tenacious when it comes to building relationships with others. The mini-milestone achievements keep ticking,... more

1 month ago