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Kanye West Invest Millions In Turntable.fm
 Rapper Kanye West has joined Lady Gaga and Union Square Ventures in investing in social media site, Turntable.fm. The start-up company raised $7.5 million at a valuation of $37.5 million. No word on exactly how much 'Ye or Gaga invested, but Union Square is said to be the leading investor, according to BusinessInsider.
So what is Turntable.fm? The social networking site, similar to Pandora, reportedly allows users to chat to one another and share music. Questions have risen around the legality of the site but the rush of artists to invest in the venture will likely make way for record label honchos to make a deal.
The site reportedly launched two months ago and has garnered over 300,000 users.
Does Kanye West backing this venture make it more enticing for you to join?
Date Submitted: 8/4/2011 8:53 PM
Comments:
PostedBy: Single In The City
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