Thu, January 03, 2008
|
|
MC Hammer hasn't topped the music charts since the early 1990s, but the former rap star says he has another hit in him - only this time around he'll produce it as a Silicon Valley entrepreneur. Hammer, whose real name is Stanley Burrell, is choreographing a new career as co-founder and chief strategy officer of Menlo Park-based DanceJam.com. The website, scheduled to debut in mid-January, will try to upstage YouTube and become the Internet's hub for sharing and watching dance videos. DanceJam then hopes to make money by grabbing a piece of the rapidly growing Internet advertising market, which is expected to rake in $27.5 billion in 2008, according to eMarketer. If the business pans out, DanceJam could help Hammer compensate for losing his fortune when he went bankrupt in 1996 with nearly $14 million in debts. The bankruptcy was a sobering comedown for Hammer, who parlayed the popularity of his once-ubiquitous song, "U Can't Touch This," to become a pop icon in the early 1990s. 1 | 2 | 3 |