Excerpt of story provided by Crain's Cleveland Business
Written by Chuck Soder
Venture development group JumpStart Inc. has invested $250,000 in Melody Management LLC, a Columbus startup that plans to move to Northeast Ohio in April, said Cathy Belk, spokeswoman for the Cleveland-based nonprofit.
Melody Management has created web-based software that lets musicians upload music to the Internet and sell it online via social networking web sites such as Facebook. The company sends a majority of the money directly to the musicians weekly via a Melody Management-branded debit card. The firm is in the process of hiring employees to manage artist accounts...
...JumpStart has invested in 46 companies since 2004.
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