invenstment

Fuzz-, Blip.fm-founder Yasuda raises $1.1 M for Feed Media -- but what is it?

Monday, May 6, 2013 - 1:00pm

Online news source VentureBeat says it came across an SEC filing that reveals a company called Feed Media has just raised $1.1 million dollars. The man behind Feed Media is Blip.fm and "people-powered" online radio Fuzz, Jeff Yasuda (see more in RAIN here).

Yasuda confirmed to VentureBeat that Feed Media owns "a handful of media properties," including Blip.fm ("a Twitter for streaming music") and Fuzz. As we reported at its beta launch, Fuzz allows users to create their own Internet radio stations for others to enjoy from their own personal music playlists.

There aren't really any details of what Feed Media will be, exactly, but VentureBeat posited this: "A music-based focus would make sense since it already has some licensing deals in place for Fuzz that could translate over to other music properties... Still, investors are willing to sink some serious cash into it, which is enough to keep us interested." You can read more of VentureBeat's coverage here.

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