Earbits, the music discovery startup that shut down earlier this week due to lack of funds, unexpectedly announced its return Thursday. “A strategic partner has stepped forward and provided the necessary funding to bring Earbits back online indefinitely,” wrote Earbits CEO Joey Flores on the company’s blog. There’s no word yet on who this strategic partner might be and how big of a stake in Earbits it now holds, but Flores said that he would be sharing additional details soon.
Streaming music startup Earbits wanted to compete with Pandora without any ads or subscription fees. In the end, this didnt work out.