Valleywag
Snocap, the peer-to-peer music store started by Napster creator Shawn Fanning, is losing money, staff, founders, and partners. Not to mention money. So what's its new gambit, after licensing peer-to-peer technology and building MySpace stores both flopped? Enter BoomShuffle, a Web widget for creating music mixes using content from the Snocap store. It sounds less like a music product than a startup strategy, though. What do you do when your first two business plans fail? Why, you boomshuffle them! It's the game every entrepreneur can play! Unfortunately for Snocap, I suspect the deck is stacked against it.
Shawn Fanning's company deals itself losing hand with new music play
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4:36 PM on Tue Nov 13 2007
By Tim Faulkner
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