RE: [Standard] Hummer Winblad to fund Napster

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From: Jim Whitehead (
Date: Sun May 21 2000 - 11:04:18 PDT

Since recognizable online brands are very difficult to create from scratch,
might Napster be worth $15-$20 million just for its brand alone? I'm sure
it has positive connotations among the college crowd :-)

The brand's challenge, though, is that it is not just a brand, but a
signifier for an ideology of free access to music.

- Jim

> > Hummer Winblad to Fund Napster


> > Although the amount of funding has not been revealed, one source close
> > to the negotiations speculated that it would be between $15 million and
> > $20 million. The estimate that takes into consideration that Napster,
> > one of the most widely recognized Internet brands, will have to spend
> > less on marketing than other startups of its size. (Napster employs only
> > 30 people and is just 1 year old.)

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