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WIRELESS NEWS-(C)1999-2006 10Meters - http://www.10meters.com
GarageBand.com, an independent music community, announced it has secured its first round of institutional investment, a $2.5 million dollar equity financing from a roster of strategic investors, including Vinod Khosla and Bob Pittman.
The company said that it is preparing to launch "iLike," a new social music discovery service targeted at the iPod and MySpace generation, and is currently soliciting trial users at www.iLike.com.
Khosla Ventures and partner David Weiden led the round, with additional new investors, including Bob Pittman, co-founder of MTV and former head of AOL; Herbert Allen III of Allen & ...