We were very thrilled to have Tim Westergren, the founder of Pandora on the StartupLounge.com podcast this week. In addition to discussing how Pandora was really on the verge of extinction during the dot com flameout, we had a pretty good chat about the current RIAA ruling, the new royalty rates for Internet broadcasting, and what lies ahead for Internet broadcasters (including Pandora.)

There are some great lessons in this episode about sacrifice, and what it really takes to raise capital and weather tough storms.

We also throw capital brokers and people who charge to make connections “Under the Bus.” Always fun.

A special thanks for Tim for taking time out of his schedule to hang out with for a bit.

Cheers.