• Andrew Grundy, President and Co-Founder
• Steven Grundy, CTO and Co-Founder

Andrew Grundy, President and Co-Founder

Andy Grundy, President and Co-Founder of Spun.com, has proven that he knows how to market music in the highly competitive $40-plus billion music industry. With his brother, Steve, he has developed the world's first real-time online music exchange, offering far more than other music retail Web sites.

"I look at myself as a perfect example of the kind of customer that will find Spun.com attractive," says Grundy. "Over the years as my taste in music changed or I got tired of a CD that I played constantly, they simply stacked up on the shelves." Now, Spun.com has created a way for consumers to exchange CDs, receive credit and use that virtual credit to purchase other new and used digital entertainment.

During the last nine years, Grundy worked first for Sony Music Distribution and then for Sony-owned Columbia Records, the largest music label in the world. As manager of artist development and director of sales and marketing, Grundy promoted Mariah Carey, Billy Joel, Bruce Springsteen, Bob Dylan, Oasis and Pearl Jam, among others. Ultimately, Grundy oversaw sales and marketing efforts for half of the United States.

His corporate success notwithstanding, Grundy saw technological change was accelerating and, in turn, altering the retail landscape. "As more people become familiar with computers and the Internet, consumers become increasingly more comfortable with buying online. So purchasing online has become the more convenient, even preferred, method of buying for many consumers. The benefits associated with online shopping far outweigh the consumer's need to 'touch and feel' the product, especially with music," states Grundy.

"For the last two years, my brother, Steve, and I developed this concept. It seemed that the time was ripe to take advantage of his expertise and business acumen. My contribution to Spun.com is an in-depth knowledge of the music industry and corporate experience," states Grundy. By fall of 1998, the brothers had incorporated and launched a private placement offering that enabled them to devote all of their energy to the introduction of Spun.com.

Grundy has always been involved and interested in the field of music. He began taking piano lessons at the age of seven and picked up the guitar at twelve. Since that time, he has played and taught guitar, as well as produced, arranged and written music. "Early on, I began looking for a way to blend my personal passion for music with my career. During my senior year internship at Rolling Stone Magazine, I learned, first hand, the nature of the music business and its difficulties," explains Grundy. "In deciding to venture into the business, my previous experience enhanced my understanding of music from a musician's standpoint. With Spun.com, we have created the best forum for me to combine my acquired skills and relationships in the music industry with my love of music."

A graduate of DePauw University in Indiana, Grundy, now resides in Pasadena, CA.

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Steven Grundy, CTO and Co-Founder

Steve Grundy, CTO and Co-Founder of Spun.com, began his career as an independent programmer. He soon built a successful software venture based on his initial contract and professional experience. That venture, established in 1983, evolved into an Internet and Web site development company. Its acquisition in 1998 laid the groundwork for the development of Spun.com.

"Fortunately, I was involved with Web site development and programming in its infancy," states Grundy. "During the last few years, I have expanded and developed new applications for that technology on the Internet. Spun.com is the latest and most exciting."

Grundy's hands-on expertise in programming and Web site development fueled the strong growth of the company. By the mid-90s, his company evolved from software development into a Web site design firm and, within a few years, the company's Internet services became more than 90 percent of its business. His expertise and clear understanding of what is required to build a successful e-commerce enterprise ensures that Spun.com will give its customers a seamless shopping, exchange and information-gathering experience.

Grundy sold his company to another Web design and hosting firm so he could devote 100 percent of his time, talent and energy to collaborating with his brother, Andy, and making their dream of an online music exchange a reality.

Grundy's entrepreneurial skills, operational knowledge and Internet expertise helped build Spun.com's incredibly large virtual storefront of CDs -- new and old -- with features no other online music retailer offers. Expansion into DVDs and video games was a logical extension of the Spun model.

"Spun.com has shifted the paradigm for online entertainment retailers by offering a used CD, DVD and game exchange service," states Grundy. "Our decision to partner with established companies, such as distribution warehouses, makes it possible for us to place all of our attention on operating our site and marketing its benefits."

Growing up, Grundy was the one in his family who liked to understand how things worked. His technical aptitude motivated his father to buy him an Apple II in 1978. He recalls, "With those early computers, technology was a lot more transparent to the end-user. My experience with them, even as a high school student, made it possible for me to understand what was happening behind-the-scenes. I worked at understanding how to program software and even build hardware for this emerging discipline, not just develop a surface knowledge of how to use a piece of equipment. For me, technology has always represented a sense of adventure and fun, as well as an elegant way to get things done."

A graduate of DePauw University in Indiana, Grundy, resides in the Northern suburbs with his wife, Debbie, their three daughters, and son.

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