Thursday, October 11, 2007

Pandora Will Rock Radio As We Know It

From Portfolio - Tim Westergren, chief strategy officer and founder of Pandora, stopped by Portfolio yesterday and talked to our staff about the future of his online radio company. He's working to eventually take Pandora public and describes its growth as linear, with half a million new users each month, capturing a total of .2% of radio listeners in the U.S. Pandora sets itself apart from other internet radio sites by allowing users to personalize their own radio stations through a 'music genome' that analyzes songs for rhythm, lyrics, genre, etc. and then feeds similar songs into the user's play list.

Though this is a great way to discover new artists and appreciate ones you never thought you would, as one Portfolio staffer pointed out, play lists can tend to sound homogeneous sometimes. But Westergren assures that there are ways of mixing up one's radio selection. "The secret sauce is that people interact a lot with Pandora."

Users can give a recommended tune a thumb up or a thumb down, and they can also learn how their play list was selected for them. To expand on the user interaction the company right now is considering ways to incorporate into the site elements of online social-networking. | Read full article

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