But according to the S-1, founder Tim Westergren owns less than 3% of the company.

FORBES: Pandora Files For IPO, Reveals Founder Owns Less Than 3%

Tim Westergren, Pandora Internet radio's founder and chief strategy officer, says the current system is outdated and unfair.

FORBES: Lobbying

Back in September, Pandora sent a letter form Pandora founder Tim Westergren to users asking them to support the measure.

FORBES: Musicians Oppose Bill To Cut Royalties Paid By Pandora

Founder Tim Westergren admits to maxing out 12 credit cards to sustain the company he started back in 2000 as the Music Genome Project.

FORBES: Pandora Files For IPO, Reveals Founder Owns Less Than 3%

Pandora founder Tim Westergren named these as possible areas the service could cover in the future, he said in a little-seen video posted in August 2009.

CNN: Pandora eyes global market, talk radio

Pandora founder and chief strategy officer Tim Westergren took the stage at the Web 2.0 Summit in San Francisco this afternoon to talk about Internet Radio.

FORBES: Web 2.0: Pandora's Tim Westergren Talks Internet Radio