The online service imeem was a social media web site where users interacted with each otherby streaming, uploading and sharing music and music videos. The company was founded in 2003 by Dalton Caldwell and Jan Jannink, and many of its coreengineering team came from the original Napster file-sharing service. The company takes its name from 'meme', a term coined by biologist Richard Dawkins to describe the ideas and cultural phenomena that spread as if they had a life of their own.Helping to pioneer the free, advertising-supported modelfor online music, imeem permitted consumers to legally upload, stream and share music and music playlistsfor free with the costs supported by advertising. In 2007, imeem became the first-ever online music site to secure licenses from all four U.S. major music labels to offer their music catalogs for free streaming and sharing on the web. The company also created the web's first embeddable music and videoplaylists. Headquartered in San Francisco's South of Market district , imeem had additional offices in New York and Los Angeles.The company's investors included Morgenthaler Ventures and Warner Music Group. On December 8, 2009, imeem was bought out by MySpace Music in a firesale for an undisclosed amount.