PodShow Receives $8.85M from Kleiner Perkins Caufield & Byers, Sequoia Capital and Sherpalo Ventures
Tuesday, August 16th, 2005—Successful Internet Pioneers Reunite to Take Podcasting to the Next Level—
SAN FRANCISCO, Calif. August 16, 2005 – PodShow, Inc., today announced $8.85M in strategic investments from Kleiner Perkins Caufield & Byers, Sequoia Capital and Sherpalo Ventures. PodShow is the breakthrough business that is at the epicenter of the podcasting revolution, providing directories, community, technology and content programming that have helped to make podcasting the most explosive media innovation since the introduction of the web browser. Podcasting enables anyone to create high-quality audio programming and distribute to any listener to be enjoyed on their computer or MP3 player. An innovation originally fueled by grass roots support, podcasting has brought together thousands of producers and millions of listeners. In less than one year, PodShow’s independently produced podcasts are now embraced by mainstream media companies and benefiting from distribution channels such as Apple’s iTunes and Sirius Satellite Radio. PodShow will utilize its infusion of capital to continue developing and supporting the content, tools and technologies that are at the heart of the medium…
