Podtech takes on more debt — but must decide whether fish or fowl
updated
Plenty is being written about the woes of podcast company Podtech.
Now the company tells us it is taking on more debt, and will be making an announcement soon. This follows a recent $2 million round of fresh capital reported last week.
Podtech, a San Mateo, Calif. launched more than a year ago to create content that could be streamed to viewers, and planned to find advertising to insert inside of the content.
It was never clear… Continue Reading
PodShow raises $15M more for….podcasting. Yikes!
Podshow, a company that promotes podcasts and finds sponsors for them, has raised $15 million more in a second round of venture capital from its big-name investors, following up on $8.85 million in a first round last summer.
Dan Primack has the scoop.
This is, frankly, surprising, because the business model still hasn’t been proven for this medium. This is a lot of money. There are other players out there, too, like Odeo (funding from Charles River… Continue Reading
Dogster raises $1M to expand — Woof! — but it’s not about the dogs
About a year ago, Dogster, the social networking site for dogs, made some eyebrow-raising news: It had turned profitable.
Now Dogster has raised a round of $1 million from a group of accomplished “angel” investors, to help it step on the gas.
In talking with founder and chief executive Ted Rheingold, we began to discover the real magic behind the site: It is all about the dogs, but then it isn’t really. Sure, dog owners are flocking… Continue Reading