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The story mentions a few stories and it might be a lead indicator but I tend to "follow the money" ;-) and this is what the money tells me[1]: "Last year, VCs
by vmurthy 7y ago
The story mentions a few stories and it might be a lead indicator but I tend to "follow the money" ;-) and this is what the money tells me[1]:
"Last year, VCs invested just over $200 million in various podcast platforms and related businesses, per the PitchBook Platform. That includes a $50 million funding for the online radio app TuneIn, about $20 million for Gimlet Media and another $20 million for HowStuffWorks, the company behind the popular show "Stuff You Should Know" as well as other original podcast content.
So far this year, VCs have shelled out $64 million on companies in the space, including a $40 million NEA-led round for Luminary Media, the operator of a subscription-based podcast platform, and a $13.5 million Series B for podcast startup Castbox"
[1] https://pitchbook.com/news/articles/vcs-love-fundingand-hostingpodcasts https://pitchbook.com/news/articles/vcs-love-fundingand-host...
The implication to me at-least is that the tools to launch podcasts will continue to proliferate (how else will all those platforms for podcasts make money?) and we can expect a lot more podcasts in the future. Would love to hear differing views.