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JumpStart Ventures Invests in New Media Company

Thursday, March 11, 2010
Call & Post

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...

...“One of the things we recognized about this company is the strength of its management team,” said JumpStart Venture Partner Lee Poseidon, who will be working with Melody Management founders Glen Johnson and Pete Durette to meet their growth milestones. “Glen, Pete and their team have 60 years of experience at IBM and Microsoft. The Melody Management team has gleaned some great insights into building software solutions.”

The JumpStart Ventures investment will be used to conclude an ongoing beta test, develop new strategic marketing partnerships, and execute sales efforts. This month Melody Management will introduce its SaaS application to thousands of independent artists as an exhibitor at the South by Southwest (SXSW) Music and Film Conference in Austin, TX.

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