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JumpStart Ventures Invests in New Media Company

Thursday, March 11, 2010

Excerpt of story provided by Call & Post
Written by James W. Wade III

JumpStart Ventures, which invests in and partners with innovative, early-stage companies in Northeast Ohio, announced an investment commitment of $250,000 in Melody Management.

The four-year-old new media company has developed a Software-as-a-Service (SaaS) application for independent musicians to efficiently manage their online presence and digital music sales across multiple social networking websites.

The convergence of production-quality consumer electronics, digital music, and the Internet has changed the way music is discovered, listened to, and purchased by consumers. Melody Management’s SaaS application allows the 8.5 million independent artists in the U.S. to capitalize on this change in the music industry...
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