drag2share: SoundCloud Just Raised A Monster $50 Million Round And Mary Meeker Is On Board

Source: http://www.businessinsider.com/soundcloud-just-raised-50-million-and-mary-meeker-is-on-board-2012-1

Mary Meeker of Kleiner Perkins Caufield & Byers is joining SoundCloud's board of advisors after her firm led a monster $50 million round in the music sharing service, TechCrunch reports.

The round values SoundCloud at $200 million, with GGV capital also participating in the round, according to the site.

SoundCloud is basically the YouTube for sound and music. You record sounds — music, speech or anything like that — and upload it to SoundCloud. It then crunches the sound and gives it a visual waveform component and lets you share it with your friends.

You can add a comment that will show up at a specific time in the sound file, making it useful for collaborative sound production.

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