Dan Primack has the details on the funding of Podshow. It is not a local company, but is the latest venture backed by Silicon Valley powerhouse venture firms, Kleiner Perkins and Sequoia Capital.
…it’s worth noting that the iconic venture shops have participated in an $8.85 million Series A round for PodShow Inc., according to a regulatory filing. For an added bonus, both John Doerr and Ray Lane have taken board seats, joining both Jerry Newman of Bear Stearns and omnipresent angel investor Ram Shriram (Google, Plaxo, Zazzle, etc.), who is representing shareholder Harris MyCFO Inc.
PodShow is a Miami Beach-based company focused on the development, management and promotion of online audio programming, with an obvious focus on the podcasting phenomenon. It….was launched last year by Ron Bloom and “The Podfather” Adam Curry (who was the MTV VJ with whom I grew up).
We last mentioned PodShow here.
Update: And local competitor Ev Williams annnounces his company, Odeo, has received Silicon Valley venture backing too.
6 Comments
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filodo said:
i must be the only moron on the planet who does not believe the hype.
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Someone said:
Nope. Not the only one… but it does seem like a small group.
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Hopesome said:
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Jack said:
Radio ads have always been very effective. They’ll sell ads on the podcast broadcasts. It’s a sound business model.
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Dave McClure said:
interesting. Sequoia and KP rarely go in together on a deal (wasn’t Google the last exception?). hype factor on podcasting must be pretty high… emphasis on ‘high’ ;)
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8 Trackbacks
10:51 am
Software Only said:
Kleiner Perkins and Sequoia to start a podshow soon ?
Daniel Primark seems to have the scoop (at least I could not find information anywhere else): Kleiner Perkins Caufield and Byers and Sequoia have both participated (the former most likely having led, since they seem to have two board seats) in the Seri…
11:41 am
Rags' Soapbox said:
Podshow Gets Funded
Kleiner Perkins Sequioa have funded Adam Curry’s Podshow to the tune of $8.5 Million. I’d heard the rumor on Friday but decided not to write until it came out. What surprises me here is how much money they raised as
7:20 pm
Texas Venture Capital Blog said:
Lots of money flowing into podcasting ventures today.
Ray Lane (Kliener Perkins) figures Adam Curry knows what he is doing so he decided to dump $8.85MM into Podshow. Oh and not to be outdone, Evan Williams just raised another round for Odeo from Charles River and Amicus.
…
3:27 pm
The Hitchhiker's Guide to 650 said:
BitTorrent =/ BitTorrent
In BitTorrent, seeded, now waits for VC funds Om gives a glowing report on BitTorrent’s (the company) future to dominate the future of content delivery. But as much as I think BitTorrent (the company) is a better investment than Podcasting (Od…
7:34 pm
Ramblin' Prose said:
Podcasting update
Despite being pooh-poohed all over the Web, podcasting seems to be picking up steam and green:
Podshow received a nice chunk o’ cash from some VC heavyweights from the Valley.
Not to be outdone, Odeo announces some VC funding on the same day…
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