guardian.co.uk // Last.fm Founders To Leave Company
Last.fm co-founders Martin Stiksel, Richard Jones and Felix Miller
[via] Jemima Kiss – guardian.co.uk
The three founders of music recommendation site Last.fm, Martin Stiksel, Felix Miller and Richard Jones, are to leave the firm later this year.
Two years after the site was bought by US media giant CBS and seven years since once of the UK’s most successful web 2.0 start-ups launched, all three are to leave Last.fm to concentrate on new projects. The company is to remain at its base in east London.
CBS paid $280m for Last.fm in May 2007 – valuing the deal at £142m based on exchange rates at the time – representing the biggest acquisition of a UK web 2.0 start-up to date.
In a joint statement, Stiksel, Miller and Jones said: “The time is right to begin the process of handing over the reins.”
“This is the latest stage in a long journey for us founders, which began in a living room in east London in 2002, and took us to the headquarters of one of the biggest media companies in the world,” they added.
“A huge ‘thank you’ has to be said to all of you in front of your computers. With your contribution, enthusiasm and ‘scrobbles’ you have helped to make Last.fm into what it is today: the best place for music online. Big up yourself for that – as we say here in east London.” Continue Reading
Statement from Last.fm blog (click here)
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