The New York Times profiles Web radio and music recommendation engine Pandora, which is apparently living on borrowed time. "For most of its 10 years, it has been on the verge of death,
struggling to find investors and battling record labels over royalties," according to The Times.
Now, investment bankers are getting in line to wine and dine the startup's founder Tim
Westergren. What tipped the scales of fortune? A successful iPhone app, according to The Times. Presently, pandora's 48 million users tune in an average 11.6 hours a month. That's likely to increase
significantly if and when the startup strikes deals with car makers, and TV and stereos manufacturers.
Read the whole story at New York Times »