Yeah yeah, this happened on Friday but it’s still relevant: Pandora just filed for a $100m IPO, so if you’ve been saving your birthday checks from Grandma and want to start making real cash, you might want to check it out.
Rumors have been bubbling for months over an IPO for the 80-million strong streaming music service. Asked recently, founder and Chief Strategy Officer Tim Westergren declined to comment one way or another about whether his company ended 2010 with estimated total revenues of $100 million (the company ended 2009 with its first profitable quarter and $50 million in total revenues). “It’s all going in the right direction,” Westergren told Fast Company.
Under his direction, the company has grown significantly, and now dominates a significant chunk of the Internet radio market and holds more than a 2% share of all radio listening.