Pandora Puts The ?P? In IPO ? Our Talk With Them On The Big Day

Three years ago, I got a phone call ? Pandora was about to die. Things were not going well for the Internet radio service at that point. The economy was collapsing, Sequoia would soon give its infamous "RIP, Good Times" presentation, and most importantly for Pandora, it was starting to look like the Copyright Royalty Board (CRB) may not lower their rates. This led founder Tim Westergren to suggest that they may have to shut the service down. And we wrote that sadly, it was looking like Pandora may have to be a "sacrificial lamb". That's what makes today so fascinating ? and perhaps the feel-good tech story for this generation of web startups. Pandora IPO'd this morning, listing itself on the New York Stock Exchange under the symbol "P". While the orignal IPO share price had been set at $7 to $9, the company revised that to $10 to $12, and then set it yesterday at $16. The stock opened today north of $20 a share, where it remains. The market cap is now over $3 billion. Again, this was a company that was going to die.

bieber justin josh hamilton