We announced today our investment in Next Big Sound.  The full official Foundry Group release is here.

Next Big Sound is an online music analytics and insights company located in Boulder, Colorado. They measure the growth and popularity of bands across major web properties and sell actionable insights around those data to band managers and other industry professionals. NBS has developed a scalable architecture that can quickly add new sources of information and aims to be the definitive source of quantifiable fan data surrounding the music ecosystem.

I’m really happy that we had the opportunity to partner with Alex, David, Samir and Walter, founders of the company.  They were part of this year’s TechStars class and were in a space right in the middle of our Glue theme, our belief in the inevitable change in the music industry and even had a little bit of our Protocol theme thrown in for good measure.

Gentlemen, welcome to the family.  I look forward to a productive, supportive and exciting relationship with many good days to come.