Updated: Ex SpinVox CEO At Helm Of Reformed Social Start-Up
Summary
Via Thomson Reuters: “On April 27, 2010, Phreadz USA, LLC and Universal Database of Music USA, LLC completed a reverse merger with Phreadz, Inc., formerly Atwood Mining and Minerals Corp.” Mining’s likely not the real seam this business is tapping. The original Phreadz is actually an attempted social multimedia startup created by former Podcast.com CTO Jonathan Kossmann. Universal Database of Music has been a music-recommendations project developed by audio technologist Jacque Krischer over the last few years. SpinVox was an otherwise well-regarded UK voicemail-to-text company that raised over $200 million in investment and struck some deals with carriers and other customers. But it struggled financially last year as scepticism grew about its algorithms, before shareholder complaints prompted a board-level investigation that concluded Domecq’s use of company expenses had effectively created a “current account” between her and it.