SNOCAP

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SNOCAP
Type Private
Founded 2002
Headquarters San Francisco, California, USA
Key people Shawn Fanning
Jordan Mendelson
Ron Conway
Industry Online Music
Website www.snocap.com

SNOCAP is a company founded in 2002[1] as an "end-to-end provider of digital licensing and copyright management services for digital music."[2] It was started by Shawn Fanning (best known for creating the Napster music service), Jordan Mendelson, and Ron Conway. Former employees include music lawyer Christian Castle, the company's first General Counsel.[1]

MySpace announced in September 2006 that they will be using SNOCAP to operate a digital music service.[3] A Charlottesville, Virginia-based venture capital firm provided key funding and support and also partnered with a local newspaper, The Hook, to promote the service with a downloading contest.[4]

In March 2007, the social media site imeem has announced a partnership with the company to track music being played on the site and share ad revenue with artists and labels.[5]

SNOCAP is backed by Ron Conway, Morgenthaler Ventures, WaldenVC[1], and Court Square Ventures[4] .

In October 2007, SNOCAP reportedly laid off approximately 60% of the workforce.[6] Other reports indicate that the company is for sale.[7]

In February 2008 it was reported that SNOCAP had been acquired by imeem[8], confirmed in April 2008[9].

[edit] References

  1. ^ a b c Arrington, Michael (2005-06-14). SNOCAP Profile. TechCrunch. Retrieved on 2008-01-04.
  2. ^ SNOCAP Names Peter Maloney Chief Financial Officer; Technology Industry Veteran Further Strengthens Senior Management Team. Business Wire (2005-11-05). Retrieved on 2008-01-04.
  3. ^ Arrington, Michael (2006-09-02). MySpace To Sell Music Through Snocap. TechCrunch. Retrieved on 2008-01-04.
  4. ^ a b Barnes, Lindsay (2006-12-14). Never mind the iTunes; here's Snocap. The Hook. Retrieved on 2008-01-04.
  5. ^ Cashmore, Pete (2007-03-07). Imeem, Snocap Hook Up. Mashable. Retrieved on 2008-01-04.
  6. ^ Sandoval, Greg (2007-10-11). Shawn Fanning's Snocap lays off 60 percent of workforce. CNET News.com. Retrieved on 2008-01-04.
  7. ^ Hansell, Saul (2007-10-11). Shawn Fanning’s Snocap Prepares for Fire Sale. The New York Times. Retrieved on 2008-01-04.
  8. ^ Imeem Acquires Snocap
  9. ^ Right idea, wrong time: Snocap's corpse washes up at Imeem | The Register