[NEWS] Glow raises $2.3M to help podcasters make money – Loganspace

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[NEWS] Glow raises $2.3M to help podcasters make money – Loganspace


Glowis a brand contemporary startup that says it desires to relieve podcasters make media commerce.

That’s one thing co-founder and CEO Amira Valliani acknowledged she tried to provide herself. After aprofessionthat included working in the Obama White Home and getting an MBA from Wharton, she launched a podcast covering native elections in Cambridge, Mass., and she or he acknowledged that after the preliminary six episodes, she struggled to net a sustainable commerce model.

Valliani (pictured above alongside with her co-founder and chief product officer Brian Elieson) recalled pondering, “Successfully, I got this one grant and I’d make a choice to provide more, nonetheless I have to resolve out a potential to pay for it.” She realized that promoting didn’t net sense, nonetheless when a listener expressed hobby in paying her at once, none of the unique platforms made it straightforward.

“I lustrous couldn’t resolve it out,” she acknowledged. “I felt an acute need, and I notion, ‘Are there numerous other folks accessible who haven’t been ready to resolve out methods to provide it, for the reason that utilize is lustrous too excessive?’ ”

That’s the need Glow tries to address with its first product — allowing podcasters to receives a rate subscriptions. To produce that, podcasters net a subscription page on the Glow set, the set they’re going to accept funds and then allow listeners to net admission to paywalled boom material from the podcast app of their different.

Glow started checking out the product with the startup-focused podcastBought, which is now bringing in $35,000 in subscription fees through Glow. Extra now now not too prolonged in the past, it’s signed up theTechmeme Bolt Home,Twenty Thousand Hertz,The Newsworthyand others.

When asked in regards to the broader panorama of podcast startups (includingseveralthattoughenpaid subscriptions), Valliani acknowledged there are three foremost problems that podcasters face: hosting, monetization and distribution.

Info superhighway hosting, she acknowledged, is “largely a solved area,” so Glow is beginning out by making an strive to “solve for monetization during the insist relationship with listeners.” In the kill, it would possibly well pass into distribution, although that doesn’t point out launching a Glow podcast app: “For us, we think distribution reach helping podcasts grow their viewers.”

The startup announced this present day that it has raised $2.3 million in seed funding. The spherical became once led byGreycroft,with participation from Norwest Challenge Partners, PSL Ventures, WndrCo and Revolution’s Rise of the Leisure Seed Fund, as successfully as particular person investors including Nas and Digital Arts CTO Ken Moss.

“Our first rent after this funding spherical will be any individual focused on podcast success,” Valliani acknowledged. “After all, we’re going to make the product [but we’re] doubling down on this market; we better be particular [podcasters] are inviting to commence programs that are as successful as doable.”