PODSHOW GETS $8.85 MILLION FROM KLEINER AND SEQUOIA
It's funny that that this news came up about Kleiner and Sequoia. On Monday, I was having lunch with a friend and began telling me the story of how Donald Valentine, founder of Sequoia Capital and long-time VC icon, and John Doerr, general partner at Kleiner, Perkins, Caufield & Byers and VC icon, were taking a tour of a foreign country along with other venture capitalists and how they consciously sat on opposite ends from each other. It seems they see each other as competitors and probably the only worthy ones within the clubby world of venture capitalists.
Anyway, PE Wire Week's Daniel Primack has his take on this recent series A financing:
There is little that gets Valley girls and boys as hot and bothered as when an Internet company gets funded by both Sequoia Capital and Kleiner Perkins Caufield & Byers. So it's worth noting that the iconic venture shops have participated in an $8.85 million Series A round for PodShow Inc., according to a regulatory filing. For an added bonus, both John Doerr and Ray Lane have taken board seats, joining both Jerry Newman of Bear Stearns and omnipresent angel investor Ram Shriram (Google, Plaxo, Zazzle, etc.), who is representing shareholder Harris MyCFO Inc.
PodShow is a Miami Beach-based company focused on the development, management and promotion of online audio programming, with an obvious focus on the podcasting phenomenon. It seems to be the renamed version of Boku Communications, which was launched last year by Ron Bloom and "The Podfather" Adam Curry (who was the MTV VJ with whom I grew up).