[Hollywoodreporter.com]
It's late, but it's still news.
Thursday, August 18, 2005
Venture capital firms buy into Curry's PodShow
"The business of podcasting has just garnered some of its first serious venture capital. According to a press release from PodShow, Inc., three investment capital firms have bought an undisclosed share of Adam Curry's and Ron Bloom's new business venture that seeks to commercialize podcasting by aggregating the 'large and disenfranchised audience' of podcast listeners. Kleiner Perkins Caufield & Byers, Sequoia Capital and Sherpalo Ventures have bought into PodShow, Inc., for $8.85 million, according to the press release. "
[Hollywoodreporter.com]
It's late, but it's still news.
[Hollywoodreporter.com]
It's late, but it's still news.
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2 comments:
I'm not really that fluent in the VC world, but maybe you could help me out in this - sequoia have invested quite a lot of money in cafepress some time ago, KP on the other hand did the same thing with zazzle (both companies working in the same sector, could have complementary services). Do you think that those two meeting in this case may suggest some merger coming up?
Good post from a:c regarding your question:
Dirt: There are a number of vertical ecommerce companies that are doing substantial business but have not been able to get to liquidity, including Allposters.com, eBags, and Cafe Press. A rollup doesn't seem to make sense and the revenue requirement is just a lot more than it once was, but what is that number? $200M in annual revenues? We shall see.
http://www.thealarmclock.com/mt/archives/2005/05/cafepress_profi.html
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