Recently imeem founder, Dalton Caldwell, came home to his alma mater so he could speak to a room full of budding entrepreneurs reports Peninsula Press.
“I know half of you probably saw me on the program and asked ‘Who’s this guy? Didn’t his company just blow up about nine months ago?’ Yes, that is me.”
At its peak – before things went downhill — imeem had achieved a coveted Alexa ranking as the 75th most trafficked site on the Internet. The site’s popular music widget, used to share playlists with friends among various social networks, attracted 108 million unique monthly views, amounting to almost 10 percent of Internet users at the time. The company also generated $24 million in yearly revenue while becoming the first startup to broker licensing agreements with all four major music labels: Universal Music Group, Sony Music Entertainment, Warner Music Group and EMI.
To read the full, original article click on this link: Life After A ‘Terrific Failure’ - Business Opportunities Weblog
Author: Angela Shupe
