-
Tim Westergen brainstorms and comes to the conclusion to produce a website that harbors a collection of music based on the user's preference.
-
Angel investors provide Pandora Media Company with a $1.5 million investment.
-
Pandora hires 50 new employees, however the company begins to experience some financial issues. As a result they consequently skip payroll.
-
Pandora implement in-store kiosks in stores like AOL Music & Best Buy to test drive their idea and to introduce their idea to consumers.
-
As a result of the regularly skipped payroll, former employees sues Pandora Media Company for backpay. This puts Pandora Media Co. in a detrimental financial bind.
-
Walden Venture Capital invests $9 million in Pandora Media Company which enables Pandora to repay its former employees and frees the company from debt.
-
Pandora Media Company launches the Pandora website online.
-
To keep a steady income, Pandora officials decide to sells ads.
-
Pandora marks 75 million users.
-
-200 million users
-140 million mobile users
-70 million active users
-2.5 million paid users
-8% share of all US radio listening
-100,000 unique artists
-1 million unique songs -
Pandora buys KXMZ-FM located in Rapid City, SD with the mission of paying lowering royalty rates compared to that of their competitors.
-
Pandora's costs triple after the federal board increases the price of royalties. This causes the comapny to nearly go bankrupt, however they react with political intelligence.
Plan projects on a visual timeline
Map milestones, phases, deadlines, and key events in one place so the sequence is easier to see and share. Timetoast is a timeline maker for work, school, research, and stories.