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What becomes possible when technology cuts out the middlemen in music publishing and distribution? A lot of very strange and sometimes wonderful things.

Berlin based music and audio sharing network SoundCloud has raised a reported $50m more venture capital from the super prestigious Kleiner Perkins Caufield & Byers, Mike Butcher at TechCrunch Europe reported today. The company had raised about $16m in two previous rounds. If you’re not familiar with SoundCloud, now is a good time to learn about the site. It’s a vibrant and innovative community, about to either blow up huge or go down in flames with the change that comes from a large and high-priced investment like this.