Glow raises $2.3M to help podcasters make money

Glow is a new startup that says it wants to help podcasters construct media business.

That’s something co-founder and CEO Amira Valliani said she tried to do herself. After a career that included working in the Obama White House and getting an MBA from Wharton, she propelled a podcast extending local elections in Cambridge, Mass ., and she said that after the initial six occurrences, she struggled to find a sustainable business model.

Valliani( depicted above with her co-founder and foreman commodity policeman Brian Elieson) remembered recollecting,” Well, I got this one grant and I’d love to do more, but I need to figure out a mode to pay for it .” She realized that advertising didn’t make sense, but when a listener expressed interest in paying her immediately , none of the already existing platforms acquired it easy.

” I merely couldn’t figure it out ,” she said.” I felt an acute need, and I thought,’ Are there other people out there who haven’t been able to figure out how to do it, because the face-lift is just too high ?'”

That’s the need Glow tries to address with its first product — permitting podcasters to create paid subscriptions. To do that, podcasters create a subscription page on the Glow site, where they can accept pays and then permit listeners to access paywalled content from the podcast app of their choice.

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Glow started testing the product with the startup-focused podcast Acquired, which is now bringing in $ 35,000 in subscription fees through Glow. More recently, it’s signed off the Techmeme Ride Home, Twenty Thousand Hertz, The Newsworthy and others.

When asked about the broader landscape of podcast startups( including several that support paid subscriptions ), Valliani said there are three main troubles that podcasters face: hosting, monetization and distribution.

Hosting, she said, is” largely a solved trouble ,” so Glow is starting out by attempting to” solve for monetization through the direct relationship with listeners .” Eventually, it could move into distribution, though that doesn’t mean launching a Glow podcast app:” For us, we see dissemination signifies facilitating podcasts ripen their audience .”

The startup announced today that it has raised $ 2.3 million in seed funding. The round was led by Greycroft, with participation from Norwest Venture Partners, PSL Ventures, WndrCo and Revolution’s Rise of the Rest Seed Fund, as well as individual investors including Nas and Electronic Artwork CTO Ken Moss.

” Our first hire after this funding round will be someone focused on podcast success ,” Valliani said.” Of course, we’re going to build the product[ but we’re] doubling down on this market; we better make sure that[ podcasters] are prepared to launch programs that are as successful as is practicable .”

Read more: https :// 2019/08/ 08/ glow-seed-funding /

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