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peHUB Second Opinion

In second opinion, the IRS says Bitcoin isn’t a currency, is there a bubble in the IPO market, JPMorgan’s loss of Mike Cavanagh to the Carlyle Group represents succession of all sorts and U.S. college students only have to pay $4.99 for Spotify now.

Spotify Investor Northzone Puts $3M In Soundrop

Spotify investor Northzone has put $3 million into the social music service Soundrop. As part of the investment, Northzone’s Torleif Ahlsand will join Soundrop’s board. Soundrop pioneered the concept of “listening hangouts” on Spotify where in May users held more than 3.3 million listening sessions and created more than 7000 rooms, according to a press […]

Spotify Up to 250,000 Paying U.S. Users

(Reuters) – Spotify, the European music streaming service backed by digital entrepreneur Sean Parker, has more than 250,000 paying users in the United States since it opened up shop in July, according to three people familiar with its data. The London-based company, which suffered significant losses in 2010 as it expanded to new markets, has […]

After F8, a Dot-Com Boom Scaled Party

(Reuters) – When somebody who has been played by Justin Timberlake in a Hollywood movie decides to throw a party, the expectations are pretty high. And Sean Parker, the man behind free music-sharing service Napster and an early Facebook advisor, clearly likes to give people what they want. Parker, who is an investor in the […]

Top 10 Slideshows This Week Focus On Fund Returns, PR Disasters, Textbook Deals

Want to catch up on the slideshows that your peers found most interesting on peHUB this week? Here are the top 10 slideshows that garnered the most pageviews from regular readers from Aug. 1 to Aug. 5. They focused on how the biggest VC-backed IPOs fared in the market wipeout on Thursday, VC performance numbers from CalPERS, a review of the year’s biggest PR disasters, and the proliferating number of bank spin-outs in the market seeking money.

1. How This Year’s Ten Biggest VC-Backed IPOs Fared In The Market Plunge by Lawrence Aragon
2. CalPERS’s 2008 Banner Year For VC: Top Commitments And Current IRRs by Mark Boslet
3. CalPERS’s Mid-Decade Enthusiasm: More Funds, Greater Diversification In 2007 by Mark Boslet
4. If You Thought Airbnb’s PR Crisis Was Bad… by Connie Loizos
5. Spinning Their Way To New Investors by Jon Marino
6. Idaho Public Employee Retirement System Top Performing Funds by David M. Toll
7. Spotify And Other Top European Deals in 2011 by Alastair Goldfisher (subscribers only)
8. Textbook Startups Raise Big VC Rounds by Joanna Glasner
9. VCs Tackle Baldness, Love Handles, And Assorted Blemishes With Big Bucks by Joanna Glasner
10. Who’s Getting Rich Off of the Dunkin’ IPO? Here Are the Top Shareholders, by Luisa Beltran (subscribers only)

Mobile Is Going Viral. So Why Are Sequoia And Kleiner Crowing?

Mobile is finally coming into its own. Mobile startups are reaching scale, with revenue of sometimes $100 million or more. Facebook and Zynga, once tethered to the wired Internet, are seeing massive mobile traffic. And Internet radio service Pandora Media now gets more users from mobile devices than desktop computers, a reversal of the past […]

VCs Sidelined on SecondMarket Buy-side to Start ‘11

High net worth individuals are in and VC firms are out. That’s the showing from SecondMarket’s Q1 private stock data, which the auction system released today. After making 40% of investments conducted on SecondMarket’s platform in the fourth quarter of 2010, VC firms accounted for none of its transactions to start 2011. High net worth […]

Tom Group Bringing Spotify To China

SHANGHAI (Reuters) – Chinese media conglomerate Tom Group (2383.HK) said on Wednesday it is teaming up with European Internet firm Spotify to bring the company’s popular digital music streaming service to China. Founded by two Swedes, Spotify is a free service that allows users to stream music of their choice onto their computers. It is […]

FT: Spotify Close To Securing New Funding

(Reuters) – Digital music service Spotify is close to securing new investment from high-profile investors including Hong Kong billionaire Li Ka-shing’s charitable foundation, the Financial Times reported. The foundation, venture capital firm Wellington Partners and others are close to investing up to $50 million, which would value Spotify at $250 million, the paper said in […]

Spotify Hacked

Imagine an iTunes library that was totally free and available online at no cost. Sounds pretty good, right? Well that is Spotify, a startup Morten Lund tipped me off to a couple of years ago. I tried it out and liked it, but forgot all about its downloadable client when I had to format my hard-drive. TechCrunch recently reviewed the service.

Now the service has been hacked and the email address, birth dates, gender, postal codes and billing receipt details were potentially exposed, the company says.

Spotify has raised more than $20 million from Northzone Ventures and Creandum, according to data from Thomson Reuters (publisher of PEHub.com).

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