Spawnsong focuses on individual unfinished song clips, hosting snippets limited to a maximum of 42 seconds so listeners can quickly sample new music. Fans can comment on clips or pre-order tracks; pre-orders cost $1.23, with payment information collected at pre-order and the charge taken on delivery of the finished track. The company's business model is to take a cut of pre-orders, though the exact share is still being determined while negotiating terms with payment provider Stripe. Founder Justin Kim, a 25-year-old UCLA economics graduate, used a $30,000 seed from his family to hire freelancers sourced via Hacker News and launch the platform on March 1. The site currently has only a handful of contributors and will need significant marketing to attract content and users. Kim plans to apply to Y Combinator and is actively seeking a $2 million seed round, likely to fund marketing efforts.

Total raised

$30M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2014