Angel Investor
Andreessen Horowitz has contributed to the funds of Rap Genius to create a site
that would act as a collaborative text-annotation platform. Recent developments
at Rap Genius revealed that the company is building their site for large
companies and government agencies.
Rap Genius offers crowd-sourced annotations of
song lyrics. Along with the annotations are lyrical explanations, poetry and
religious texts. Rap Genius is also moving into a new business model – the business
enterprise.
According to Rap Genius co-founder Ilan
Zechory, the idea of going enterprise was suggested by investor Ben Horowitz
during the company’s fund raising drive. Horowitz was himself an expert in
enterprise. After the fundraising, the Rap Genius team weighed their options.
Rap Genius is competing with some of the most
popular companies that offer enterprise such as Microsoft Share Point, Google
Docs, and Asana. In spite of the competition, Rap Genius continues to focus on
providing consistent collaborative document editing and approvals.
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