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jamiequint
on July 7, 2011
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Turntable.fm raising $5-10 M. at $40 M. Valuation
Its not a pivot, its a completely different business with the same founders.
sachinag
on July 7, 2011
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Closest off the top of my head: Odeo > Obvious > Twitter. As in this case, investors who didn't want to continue were offered the opportunity to get their money back.
johnrob
on July 7, 2011
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Hence the beauty of the concept: you can fail without "failing".
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