Business planning, Growth

THE NEWS WRAP: Grooveshark co-founder Josh Greenberg found dead

Denham Sadler /

Josh Greenberg, the 28-year-old co-founder of recently closed music streaming site Grooveshark, has been found dead in his house in Florida.

 

As BBC News reports, Greenberg was found by his girlfriend on Sunday night. Police have said there is no evidence of foul play.

 

Grooveshark was founded by Greenberg and Sam Tarantino in 2006 when they were freshmen at the University of Florida. It grew to have 40 million users a month and 145 employees at one point.

 

The site was shut down in April following legal action from multiple record labels.

 

Greenberg also trained budding entrepreneurs through the Grooveshark University, Summer with the Sharks internship program, and Founders Pad incubator.

 

Ashley Madison hacked, data of 37 million users potentially stolen

A hacking group calling themselves the Impact Team claim to have stolen the data of dating site for cheaters Ashley Madison’s 37 million-strong user base.

 

The hack has also compromised the sites Cougar Life and Established Men, according to Krebs on Security.

 

The Impact Team have told the owners to take the sites down, or they will “release all customer records, including profiles with all the customers’ secret sexual fantasies and matching credit card transactions, real names and addresses, and employee documents and emails”.

 

Y Combinator introduces new remote grant programAmerican seed fund Y Combinator has announced a new remote fellowship program targeting “very, very early” startups that haven’t received any funding yet.

 

In a blog post, Y Combinator president Sam Altman says 20 chosen teams will receive a $12,000 grant, as well as assistance from one full-time and one part-time partner. Upon receiving the grant, the startup team will be expected to work full-time for eight weeks.

 

The teams can be based anywhere, and will also be flown to YC’s Mountain View headquarters at the end of the two months.

 

“Someday if it works, we’d love to fund 1,000 companies per year like this,” Altman says.

 

The Dow Jones Industrial Average is up 13.96, rising 0.08% overnight to 18,100.41. The Australian dollar is currently trading at US74 cents.

 

 

Raising your first round of capital? Starting a crowdfunding campaign? Want to grow your business with Instagram? StartupSmart School can help.

 

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Denham Sadler

Denham Sadler is a former editor of StartupSmart. He was previously a journalist at the publication and has worked as a freelancer for the Guardian, the Saturday Paper and the ABC. In his spare time he likes puns and jaffles.

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