Friday, February 11, 2011
Topspin Co-founder Gotcher To Benefit From Pandora IPo
Peter Gotcher, the Chairman and co-founder of Los Angeles-based Topspin Media, looks to reap a big harvest, if Pandora Media pulls off its IPO. Pandora filed for an IPO Friday, saying in a filing with the SEC that it is looking to raise up to $100M in its IPO. Pandora is venture backed by Crosslink Capital, Walden Venture Capital, Greylock Partners, Labrador Ventures, The Hearst Corporation, GGV Capital, and others. According to Pandora's S-1, Gotcher owns roughly 1.05 percent of Pandora, owning 1,595,380 shares of the firm pre-IPO. Topspin Media provides an online music marketing platform. Pandora Media is a provider of online, personalized Internet radio services. Jon Kraft, one of the co-founders of Pandora, is also in Southern California, now serving at UberMedia as COO, however, he was not listed in the S-1.