“This company has deep mobile software expertise, with two of the founders of this company being from Tegic, who created the T9 texting software,” added Dederer. “Here’s a cocktail party factoid: it’s the most widely-distributed software of any kind on earth. It’s on three billion-plus handsets. So we know how to make things for phones, and now there’s an extended marketplace.”

So who is this Dederer? It’s Dave Dederer, former singer and guitarist for The Presidents of the United States of America. And who is he talking about? His company, Melodeo, where he’s VP of Biz Dev. And what have they released? An iPhone app featuring all the band’s music from their four albums, demos, live tracks, etc. etc. Interesting.