NY Angels - passed

Well, statistics-wise it was likely to happen - the NY Angels group passed on pursuing an investment in rVibe. Their rationale is one we hear about the space in general: too competitive, too hard to compete against iTunes. This type of feedback is common for investors who are not familiar with the space. While it’s true that online music/social networks markets are crowded, and it’s not an “easy” market to enter, there are a lot of “me too” services out there - and we believe there is a lot of opportunity for a well differentiated service - which we have. So, we keep on it - we have a number of other investor screenings lined up over the next two months.

Originally published on WordPress on February 07, 2008. Migrated to this blog on May 29, 2025.

Originally published at dbmcco.github.io.

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