iLike Overview
Born out of Garageband.com, ilike is a social music discovery site. Valued at $53.2 million in December of 2006, ilike has been funded by the likes of former MTV CEO Bob Pittman and at the time of the valuation, by Ticketmaster (IAC) which took control of 25% of the company for $13.3 million.
According to ilike, it promotes music democracy by exposing artists that users have not heard of, but...More»
Born out of Garageband.com, ilike is a social music discovery site. Valued at $53.2 million in December of 2006, ilike has been funded by the likes of former MTV CEO Bob Pittman and at the time of the valuation, by Ticketmaster (IAC) which took control of 25% of the company for $13.3 million.
According to ilike, it promotes music democracy by exposing artists that users have not heard of, but may like according to their listening habits. Similar to Last.fm, ilike catalogs what you listen to through itunes (and now other players) with a downloadable application. What users listen to on itunes shows up in their ilike profile in categories defined by quantity and how recent a song has been played. In addition to displaying your own listening information, ilike tries to match you up with other ilike users who have similar tastes in music.
ilike has links to buy songs or albums from Amazon and itunes, but also offers free downloads from many independent musicians.«Less
Key People
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 01/2006 | Series A | 2.5M | Unknown | |
| 01/2006 | Series B | 13.3M | 53.2M |
Products
| Name: | iLike |
| Product URL: | http://ilike.com/ |
| Description: | To engage in the full ilike experience, users must download the itunes sidebar which tracks all the music they listen to and then posts it on their profile. The more music you listen to, the better ilike can match you with people with similar tastes. Judging by a compatibility score, users will be led to other users’ profiles in order to find new songs that you might like. Click on any song to hear a sample and find a link to buy it on itunes or amazon. In addition to the recommendations users get from other users, ilike also recommends music from emerging artists in the Garageband index. These artists, who few or no ilike users listen to, often provide free downloads for ilike to offer to its userbase. |
| Screenshots: |
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| Name: | iLike Challenge |
| Product URL: | http://www.ilike.com/challenge/Multi-Genre/Level+1 |
| Date Launched: | 08/2009 |
| Description: | Listen to the track, and name the artist or song. The longer you take to answer, the fewer points you'll get. |
| Screenshots: |
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Competitors
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MOG
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Last.fm
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Myspace
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Purevolume
Related Companies
Page Information
08/31/2009 05:44AM by limguine
User Opinions
Bulls vs. Bears (4)
| Bullish Opinions (2) | Author/Date | Do you agree? | |
|---|---|---|---|
|
They are a premiere Facebook app and still growing |
kenny 07/29/2008 |
100% 1 vote 1 0% 0 |
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|
Sounds like iLike has been getting traction with >200K artists |
dude 03/05/2008 |
100% 3 votes 3 0% 0 |
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| Bearish Opinions (2) | Author/Date | Do you agree? | |
|---|---|---|---|
|
The revenue model could use some work. |
dividends 10/11/2008 |
100% 1 vote 1 0% 0 |
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|
Social music is a very crowded space |
dude 03/05/2008 |
100% 2 votes 2 0% 0 |
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