When Alan Levy talks, venture capitalists listen—as the new issue of Entrepreneur magazine bears out.
In a profile titled “Radio Days Revisited: BlogTalkRadio seizes on an overlooked market niche—and a new round of funding,” the company’s founder and CEO is quoted as saying:
Alan: Successfully raised funds during one of the worst economic downturns of the past 75 years. (Photo: David Land)
“We’re at the very early stages of this social media revolution. We’re a brand in the space with a unique offering.
‘We have lots of different options, and right now, we are just focused on building out our business and continuing to strengthen the network.”
Also cited in the story is Steven T. Schlafman, director of venture investments at The Kraft Group, which led a $4.6 million round of Series A funding in 2008, and Continue reading
By now you must have learned of our good news. BlogTalkRadio announced today that we raised $4.6m in funding. Many of our friends around the blogosphere helped to spread the word and share in our happiness. We’d like to take some time to thank them for their kindness.
- Thank you Mashable for truly getting what we’re all about and what the new funding will mean for us and our users.
- Thanks go out to Podcasting News for the awesome write up.
- AlleyInsider didn’t forget us today. We appreciate their mentioning how BlogTalkRadio can benefit authors.
- WordPress Publishers – One of the first blogs to post our good news today.
- DigitalMediaWire – Thank you for the mention.
- TailRank – Thanks for considering ours among the hottest news in the blogosphere.
- PaidContent – We appreciate the short but sweet mention.
- Thanks RadioGlue for the link.
More thanks go out to:
Did you share our good news? Let us know and I’ll be happy to add you to our list!
by Alan Levy
As announced in today’s New York Times, we closed a $4.6m Series A financing round lead by Scott Sipprelle and The Kraft Group.
We launched BlogTalkRadio almost two years ago as an idea that we thought had some legs. As has been well-documented in the past, our theory was quite simple: Would bloggers, or in fact anyone, be interested in creating audio content using a phone? Would it be possible to create a new distribution platform and medium, where anyone with a phone and something to say could establish and build an audience? If this is such a good idea, why is no one else doing it? We had many more questions than answers.
Fast forward from the fall of 2006 and we have broadcast close to 100,000 shows. We have had Academy Award winners, Presidential candidates, best-selling authors and many other notables. We have thousands of active hosts talking about the things that interest them and their audience. Our content is listened to more than 3 million times a month and as new content is created and added to the long tail, the number of listeners continues to grow rapidly.
We work with major companies to create private radio stations which can reside on our site or off. So while our brand is building and the network is growing, we offer an opportunity for any company to create conversations around their products, beliefs and ideas.
We are so excited about the strategic investor group we have assembled. Each of our investors not only believes that this platform is truly unique and powerful, but can introduce us to so many potential commercial partners.
We simply couldn’t be more excited about how this company is evolving and now we have the capital in place to accomplish many things. We are planning major enhancements to our user interface and user experience. We will invest in content and distribution as well as further developing our ad sales platform. We are also looking at developing many new products including a highly differentiated video platform, audio to text transcription applications and much more.