GarageBand.com to launch iLike

GarageBand.com, the leading independent music community, has announced it has secured its first round of institutional investment, a $2.5 million dollar equity financing from an all-star roster of strategic investors including Vinod Khosla and Bob Pittman. The company is preparing to launch iLike, a new social music discovery service targeted at the iPod and MySpace generation, and is currently soliciting trial users