Updated: Adam Curry and Ron Bloom’s PodShow has raised a big round for what is essentially is still an unproven company by any stretch of imagination: it has received $15 million in its second round of funding. This follows up on an $8.85 million first round last summer, from Kleiner Perkins, Sequoia Capital, Ram Shiram and Jerry Newman. All four are back this time around, but an undisclosed lead came aboard at a major pre-money valuation step-up, reports PEWnews.
As Dan mentions: “I just struggle to see venture-type ROI for most of these deals, unless they can be flipped before Yahoo, Google, etc. put down their tall glasses of content Kool-Aid.” The other side is described by VentureBeat: “Podshow is working with mainstream media companies to help them produce and distribute podcasts. PodShow is also buying up other podcasting companies, so the cash could be meant for buying up more sites to become the biggest player. Its programming is extensive.”
Updated: The company has officially announced the funding, and the round was led by DAG Ventures. The company recently launched BT PodShow, a co-branded service for the UK and Ireland that include online as well as BT’s new IPTV service BT Vision.
Related:
—So Curry Is In A Hurry
—PodShow Acquires Podcast Alley
- Curry’s Podshow Gets $8.85 Million In Series A Funding