BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Is Slacker still worthy of aggressive investment bets, especially in a smartphone-dominated space? That is a lingering question following the emergence of a sizable debt financing round. According to a recent filing with the SEC, Slacker has rallied $2 million of a $6 million debt financing target, a small figure compared to a broader financing total estimated at more than $70 million. The action started on January 20th, and the filing was stamped February 3rd.
The question is whether Slacker can scale outside of its originally-intended turf. The company spent millions developing and distributing a portable player to capture its customized radio solution. Just a few years ago, that represented a pioneering challenge to the iPod, as well as conventional radio.
But that was before the iPhone and its app revolution, and the latest version of Slacker's hardware strategy - the G2 - is now being retired. Instead, Slacker finds itself battling on the iPhone deck (and other smartphone platforms) against surprising incumbents like Pandora. Suddenly, Slacker has lost control of its hardware component, though high-powered startups are frequently forced to scrap the original game plan.
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