Shawn Fanning and Sean Parker, former founders of Napster, have teamed up once again to venture into a new platform startup for sharing videos called Airtime.
Sean Parker’s huge stake in Facebook has made him a billionaire, and he greatly appreciates being a Silicon Valley celebrity.
Parker and Fanning unveiled Airtime last Tuesday in New York City. In attendance was a heavily assorted group of Hollywood celebrities and artists, including Kristen Bell, Julia Louis-Dreyfus, Martha Stewart, and Snoop Dogg.
Airtime’s concept resembles that of Chatroulette, which revolves around real-time live videos. Chatroulette became popular because it connected strangers from various places around the world and let them video chat. During 2010, it became a very popular startup but quickly disintegrated, as it became an avenue for indecent, lustful behavior.
Apparently, the same thing can happen to Airtime.
The heavily hyped startup has gained support from huge investors such as Google Ventures, Accel Partners, Andreessen Horowitz, and Kleiner Perkins Caufield and Byers. Together they raised 33 million dollars for Airtime.
Fanning and Parker first started Napster in 1999, a file sharing service that made sharing online music popular. It shut down in 2001 because of a huge number of lawsuits on copyright infringement. Napster came back, but now it is gone for good after merging with Rhapsody last year.
After Napster, Parker was still very much on the scene, as he became Facebook’s company president, and an investor and board member of Spotify.