—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…

Founded by successful internet pioneers Ron Bloom and “PodFather” Adam Curry, PodShow helps listeners discover and enjoy the best in podcasting, provides podcasters with the tools and systems to create, distribute and market their programs, and provides a gateway for marketers to gain access to the elusive and highly desirable podcast listener demographic. The Company also produces custom programming for mainstream media companies and emerging powerhouses such as Sirius Satellite Radio. The Company’s PodFinder is the world’s first Audio Directory of podcasts, and is featured on Apple’s iTunes. PodShow provides advertisers and marketers the chance to reach a large and disenfranchised audience, and the company is already placing a range of advertising across its PodShow Podcast Network.

The PodShow PodCast Network includes some of the most popular shows in podcasting. The Company’s CastBlaster production tools have been embraced by the podcasting community as the most simple and innovative production tool for creating professional quality podcasts. The company is at the center of the independent podcasting community and operates the premier independent podcast directory with over 100 categories managed by podcast aficionados. With its new infusion of capital, Management expects to announce additional features, programs and technologies that will further enhance its PodShow Podcast Network in the immediate future.

“The explosion of podcasting is unique for two reasons… first, it has been driven by an almost insatiable consumer demand, and secondly it has successfully extended the benefits of the internet beyond the computer and into the ears of millions of eager listeners”, said Ron Bloom, PodShow co founder and CEO. “PodShow intends to remain the most successful brand in podcasting and we are delighted to have what we believe are the most influential and innovative group of investors in the world as our partners in this adventure!”

Over the last year, PodShow has worked with leading companies like Apple Computer, Warner Brothers and Sirius in extending the reach of podcasting. “We have been watching the evolution of podcasting from its infancy and are excited by what we believe is a fundamental shift in the way listeners will consume and interact with audio programming”, said Ray Lane of Kleiner Perkins. ”PodShow has the talent and resources to foster the kind of programming that reaches broad audiences, and create the distribution and tools to empower thousands of niche communities to produce viable content.” Ray Lane and John Doerr have joined the PodShow board of directors.

“Podcasting has been legitimized by an unyielding grass-roots community and now the business of podcasting enjoys the endorsement of leading media companies, marketers and venture investors”, said Adam Curry, PodShow co-founder and President. “With this incredible group of investors as partners, we will be able to bring an entirely new level of creativity and support to both podcasters and our listeners.”

About PodShow, Inc.
The PodShow Podcast Network is the premier network in podcasting, assembling the leading communities in podcasting, as well as a host of the most popular personalities and podcasts in podcasting. PodShow’s CastBlaster production suite provides tools for podcasters to produce and promote their podcasts. PodShow also provides professional production and directory services to major media companies and traditional businesses. PodShow was founded in 2004 by podcast pioneers Adam Curry and Ron Bloom to commercialize podcasting, make podcasts more accessible to a growing legion of listeners, provide a resource for podcast producers, and enable marketers to take part in the podcast explosion. In the process, the company has greatly simplified the podcasting experience for artists, producers and listeners alike. More information is available at www.podshow.com.

About Kleiner Perkins Caufield and Byers
Since its founding in 1972, KPCB has backed entrepreneurs in over 450 ventures, including AOL, Align Technology, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, IDEC Pharmaceuticals, Intuit, Juniper Networks, Netscape, Lotus, LSI Logic, Sun Microsystems, Symantec, Verisign and Xilinx. More than 150 of the firm’s portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions.

About Sequoia Capital
Since 1972, Sequoia Capital has provided startup venture capital for very smart people who want to turn ideas into companies. As the “Entrepreneurs Behind the Entrepreneurs”, Sequoia Capital’s Partners have worked with innovators such as Sandy Lerner and Len Bozack of Cisco Systems, Jerry Yang and David Filo of Yahoo!, Gaurav Garg of Redback Networks, Larry Page and Sergey Brin of Google, Dan Warmenhoven of Network Appliance, T.J. Rodgers of Cypress Semiconductor, Lou Tomasetta of Vitesse Semiconductor, Steve Jobs of Apple Computer and Larry Ellison of Oracle. The companies organized by Sequoia Capital now account for about 10% of the value of NASDAQ. To learn more about Sequoia Capital visit www.sequoiacap.com.

About Sherpalo Ventures
Ram Shriram started Sherpalo in January, 2000, with the goal of applying his wealth of operating and company building experience to promising early stage ventures. As a technology industry insider for over 25 years he has worked in companies large and small across all functional areas

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