Shawn Fanning And Sean Parker Talk About Airtime And “Smashing People Together”

The last company Shawn Fanning and Sean Parker started together was Napster, over a decade ago. Now they are teaming up again to create a new startup called Airtime (previously codenamed Supyo). The two have completed an $8.3 million series A financing from Founders Fund, Accel Partners, Andreessen Horowitz, Yuri Milner, Ron Conway, Marissa Mayer, Ashton Kutcher, will.i.am, Scott Braun, and TechCrunch founder Michael Arrington.Fanning will be CEO and Parker will be executive chairman. Parker will be spending more time in California to take an active role in the company, and changing his position at the Founders Fund from Managing director to a general partner. "I had to figure out a way to step back from the venture fund in order to dive full time into this," he tells me. Parker also has a "quasi-operating role at Spotify," where he is a board member and helps with everything from product design to negotiating with the music labels and its recent Facebook integration.]]>

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