Founded in 1997 by Michael Roberston and Greg Flores as a free, legal music-sharing website. The site was popular with upcoming and independent musicians and bands.
It was acquired by Vivendi Universal on May 20th, 2001 in a $372 million cash-and-stock deal.
Read more on Wikipedia.
Founders: Greg Flores, Matt Plummer, Michael Robertson, Sander van Zoest