SAN FRANCISCO — Napster co-founders Shawn Fanning and Sean Parker are teaming up for a new video chat service that the duo said will be porn and predator free.
According to reports, the music-sharing kings are in the midst of raising between $5 million and $10 million in venture capital for the new service that will be called “Supyo” or simply “Yo.”
TechCrunch founder and co-editor Michael Arrington is reportedly one of the primary investors.
The new service will be similar to the popular ChatRoulette website “but without some of the problems.”
According to a Forbes report, both Fanning and Parker have a history with ChatRoulette having helped its founder Andrey Ternovskiy launch the service. And Parker was interested in buying ChatRoulette outright, but when no deal was reached the duo decided to build their own thing.
Parker, whose gained notoriety as an early investor in Facebook in the film “The Social Network,” believes that live services are the next big thing in social networking, as opposed to the video package and viral clips that have made Google's YouTube a worldwide phenomenon.
