Lead Investor DAG Ventures Joins Original Investors Kleiner Perkins, Sequoia and Sherpalo
San Francisco, Calif., September 29, 2006 – PodShow, Inc., the digital media entertainment network whose properties include PodShow+, PodShow Podcast Network, PodShowPDN, Podcast Alley, Castblaster, the Podsafe Music Network and, most recently BTPodShow, today announced that the company has raised a second round of venture funding from new and original investors, totaling $15M, led by DAG Ventures. This announcement comes on the heels of the BT PodShow press conference where the companies disclosed plans for a cobranded service for the UK and Ireland that goes beyond the Internet to include initiatives like BT Vision, a televisionbased home entertainment initiative.
“PodShow is emerging as a new type of media company, driven by the passionate demand of a growing audience and the increasingly available treasuretrove of highquality content created outside of the Hollywood system,” says Ron Bloom, CEO and cofounder of PodShow. “This new investment will help us more aggressively respond to the increasing demand of our global audience to find one place where they can create, consume and directly relate to the best in independently produced and mainstream media… and more importantly… to join the show!”
As the company has grown, PodShow has moved deeper into producing its own content, offering access to a wider range of thirdparty audio, music and video, and providing a complete, singleclick platform for the creation, discovery and sharing of killer content. At the same time the Company has been working to provide broader and more reliable distribution on the Internet while initiating plans to move its content into the home and across all mobile devices.
“Analysts tend to think of podcasting as a vertical so that they can attempt to quantify trends and make predictions,” continued Bloom. “Audiences cannot be that simply quantified. PodShow is a media company that is bridging the gap between mainstream media and usergenerated content, giving audiences great entertainment and a way to connect, share and contribute.”
Receiving interest from multiple investment groups, PodShow closed this round of funding very quickly. Management selected DAG due to their familiarity with the sector, and unique investment approach.
“We see PodShow as more than a podcasting company. They are tomorrow’s media company, providing the best in new entertainment, music and video on virtually any device, and building lasting and valuable relationships with their audiences.” says Tom Goodrich, Managing Director of DAG.
“DAG recognizes PodShow’s proven ability to grow an aggregate audience of millions, attract top programming, develop new media properties and create strong partnerships with Madison Avenue brand marketers and leaders in infrastructure and distribution.”