Grooveshark

Web-based on-demand music application
Startup Cemetery
GENERAL INFORMATION
Category:
Music
Country:
United States
Started:
2006
BUSINESS FAILURE
Outcome:
Shut Down
Cause:
Legal Challenges
Closed:
2015
FOUNDERS & EMPLOYEES
Number of Founders:
3
Name of Founders:
Andres Barreto, Josh Greenberg, Sam Tarantino
Number of Employees:
50-100
FUNDING
Number of Funding Rounds:
3
Total Funding Amount:
$4.6M
Number of Investors:
No Data

What was Grooveshark?

Grooveshark was the product of two young entrepreneurs. Grooveshark was a very popular streaming platform for music that was initially web-based and also had an app version for a period of time.

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Why did Grooveshark fail and shut down?

Grooveshark technology was worth of being admired, especially considering that it was an underfunded venture built by two college students who were learning about business as they went.

Grooveshark major weakness was that it illegally streamed music. The company was sued by multiple record labels and the app was subsequently banned from mobile marketplaces. The company shut down in April 2015 and the platform founder was found dead in his room a couple of months later.

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