SNOCAP

Infobox_Company
company_name = SNOCAP
company_
company_type = Private
foundation = 2002
location = San Francisco, California, USA
key_people = Shawn Fanning
Jordan Mendelson
Ron Conway
num_employees =
industry = Online Music
products =
revenue =
net_income =
homepage = [http://www.snocap.com/ www.snocap.com]

SNOCAP is a company founded in 2002cite web
url = http://www.techcrunch.com/2005/06/14/snocap-launches-digital-music-registry/
author = Arrington, Michael
title = SNOCAP Profile
accessdate = 2008-01-04
date = 2005-06-14
work = TechCrunch] as an "end-to-end provider of digital licensing and copyright management services for digital music."cite web
url = http://www.allbusiness.com/media-telecommunications/movies-sound-recording/5126693-1.html
title = SNOCAP Names Peter Maloney Chief Financial Officer; Technology Industry Veteran Further Strengthens Senior Management Team
accessdate = 2008-01-04
date = 2005-11-05
work = Business Wire] 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.

MySpace announced in September 2006 that they will be using SNOCAP to operate a digital music service.cite web
url = http://www.techcrunch.com/2006/09/02/myspace-gets-into-music-biz/
author = Arrington, Michael
title = MySpace To Sell Music Through Snocap
accessdate = 2008-01-04
date = 2006-09-02
work = TechCrunch] 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 [http://www.readthehook.com/snocap/ downloading contest] .cite web
url = http://www.readthehook.com/stories/2006/12/14/COVER-SNOCAP-F.rtf.aspx
author = Barnes, Lindsay
title = Never mind the iTunes; here's Snocap
accessdate = 2008-01-04
date = 2006-12-14
work = The Hook]

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.cite web
url = http://mashable.com/2007/03/07/imeem-snocap/
author = Cashmore, Pete
title = Imeem, Snocap Hook Up
accessdate = 2008-01-04
date = 2007-03-07
work = Mashable]

SNOCAP is backed by Ron Conway, Morgenthaler Ventures, WaldenVC, and Court Square Ventures .

In October 2007, SNOCAP reportedly laid off approximately 60% of the workforce.cite web
url = http://www.news.com/8301-10784_3-9796327-7.html
author = Sandoval, Greg
title = Shawn Fanning's Snocap lays off 60 percent of workforce
accessdate = 2008-01-04
date = 2007-10-11
work = CNET News.com] Other reports indicate that the company is for sale.cite web
url = http://bits.blogs.nytimes.com/2007/10/12/shawn-fannings-snocap-prepares-for-fire-sale/
author = Hansell, Saul
title = Shawn Fanning’s Snocap Prepares for Fire Sale
accessdate = 2008-01-04
date = 2007-10-11
work = The New York Times]

In February 2008 it was reported that SNOCAP had been acquired by imeem [ [http://www.techcrunch.com/2008/02/13/imeem-acquires-snocap Imeem Acquires Snocap ] ] , confirmed in April 2008 [ [http://www.theregister.co.uk/2008/04/07/imeem_acquires_snocap/ Right idea, wrong time: Snocap's corpse washes up at Imeem | The Register ] ] .

References