TELECOM Digest OnLine - Sorted: Investors Get Behind Podcasting; Will the Listeners?

Investors Get Behind Podcasting; Will the Listeners?

Monty Solomon (
Mon, 5 Sep 2005 21:44:27 -0400

By Scott Kirsner | September 5, 2005

It was a milestone of some sort last month, when venture capitalists
made the first two serious investments in podcasting start-ups. But
did the milestone signify that podcasting is on the verge of
dethroning radio -- or that the buzziest technology trend of 2005 had
just jumped the shark?

In early August, PodShow raised $8.85 million from a group of West
Coast investors that included Kleiner Perkins, Sequoia Capital, and
Ram Shriram, an early supporter of Google and a member of the search
site's board.

A few days later, Odeo cofounder Evan Williams announced on his blog
that his company had raised money from Charles River Ventures of
Waltham. Before starting Odeo in December, Williams had helped build
Blogger, an early blog-creation and hosting site Google eventually

Odeo didn't say how much it had raised, but the Charles River partner
who made the investment, George Zachary, told me it is ''in the same
order of magnitude as the PodShow amount."

The entrepreneurs at PodShow and Odeo harbor big dreams for podcasting.

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