- Tue 22 April 2003
- general news
- Gaige B. Paulsen
One must wonder if Napster's VC, Hummer Winblad Venture Partners, had any idea that backing the company would end up producing a lawsuit from EMI and Universal Records for "provided a safe haven for the rampant piracy of copyrighted works on an epic and unprecedented scale...Hummer Winblad knowingly facilitated infringement of plaintiff's copyrights for its direct financial benefit".
I am wondering what benefits they received, but this is the record industry, so who knows how they do their math.