Sep

4

Foneshow Gets VC Funding and is Hiring

September 4, 2007 |

Foneshow, the Portland, Maine, based ‘podcasts-on-your-phone’ company just announced that it has closed a Series A round of VC funding. Here is the announcement:

After a year of bootstrapping, we’ve, closed a (slightly oversubscribed) series A round of venture funding. Our investors include CEI Community Ventures, Masthead Venture Partners, the Small Enterprise Growth Fund of Maine. They’re joined by some angels and other private equity. Mike Gurau from CCVI and Steve Smith from MVP will be joining our board.  There’s a ton of people to thank and I know I’ll forget some, so I’m not going to try to name everyone. There is one person I do want to particularly thank, my old friend and Yahoo! colleague, Matt Rightmire. Matt made the introductions for us to CCVI, MVP, and SEGF; all three invested (thanks Matt!).

Congratulations to everybody at Foneshow! While I didn’t quite see there model work out two years back when I first heard about them, they did grow their company slowly and steadily, without any Podshow-like hype. When I had trouble getting their service to work on my phone early on, founder Erik Schwartz himself helped me out.

It’s is events like this that give me hope that podcasting can thrive. While the growth in podcasting has surely slowed down in the last year or so, it is good to see that those companies that are sticking to their guns are holding on and even getting fresh funding.

Oh - and Foneshow is hiring, too:

BizDev, particularly with experience in the news/talk radio space, or working with political campaigns. 
Podcast community liaisons. People with contacts/cred in the podcast space to evangelize the power of what we’re doing.
A product manager to lead Foneshow Groups efforts
Engineers with mason, perl and/or asterisk experience. 
Really bright people who can bring things to the table that we don’t see yet.


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