Jordan Garbis
New York, NY (USA)
Role(s):
Haystack Media
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Startup
Location:
New York
Industry:
Media
Year Founded:
2007
Number Employees:
INVALID
Description:
Haystack is an online music distribution company. The company has created a decentralized social network platform at (URL removed), which is now made up of over 3,500 labels and 40,000 artists. Haystack enables registered artists and labels to monetize music discovery on and off Haystack based on an exposure based music royalty called RightsNow.
To date, the company has raised 1.35MM from Angels. We are currently raising a bridge round of $250,000 to $1MM and have milestone based terms sheets from 2 New York City based VCs for a $3MM-$5MM Series A. We expect to double our catalog by the end of the summer. The company is lead by a New York City based team that includes Art Chang at CEO as well as Board members Jay Berman (former pres. of RIAA and IFPI), David Leibowitz (former gen. cou