From their Web Site - A Brief History
of the Advisory Board.The Old Company - GarageBand.com was originally founded in October 1999
by Jerry Harrison (co-founder and lead-guitarist of the Talking Heads) and
entrepreneurs Tom Zito and Dr. Amanda Lathroum Welsh. The company quickly met its primary goal of creating an objective, meritocratic system for the internet
community to identify the best songs by emerging musicians.In 2001, GarageBand.com attempted to establish itself as a new record label, using the community to pick acts to sign. Armed with a new development model and a supportive cadre of top industry producers and engineers, the company produced several top notch albums. Unfortunately, the dot-com era was ending, and when GarageBand.com failed to secure nationwide distribution and promotion, its very survival was at risk. The company almost ran out of cash and shut down its web site in February 2002.
The Rebirth - A New Company. In April 2002 a group of diehard GarageBand.com employees and members stepped forward to save GarageBand.com. The site was re-opened in May 2002, and a new corporation, Evolution Artists Inc, was formed to acquire GarageBand.com's assets. Our membership and traffic have grown steadily since. Jerry Harrison has remained as Chairman of the Board of the new company, and Sir George Martin has re-affirmed his commitment as Chairman
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