Picture from Peter DaSilva for The New York Time

For 10 years, no one would think Pandora, one of the most popular internet music on the mobile phones today was able to survive.  For a while, the found Tim Westgren was having hard time finding investors, but not anymore.  Here's a nice artible done by NyTimes.com

OAKLAND, Calif. - Tim Westergren recently sat in a Las Vegas penthouse suite, a glass of red wine in one hand and a truffle-infused Kobe beef burger in the other, courtesy of the investment bankers who were throwing a party to court him.

t was a surreal moment for Mr. Westergren, who founded Pandora, the Internet radio station. For most of its 10 years, it has been on the verge of death, struggling to find investors and battling record labels over royalties.

Had Pandora died, it would have joined myriad music start-ups in the tech company graveyard, like SpiralFrog and the original Napster. Instead, with a successful iPhone app fueling interest, Pandora is attracting attention from investment bankers who think it could go public, the pinnacle of success for a start-up.

source: nytimes.com