RadioPublic

RadioPublic

The first podcast marketplace. A platform for listening, engagement, and revenue

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Security Type
SAFE
Categories
Technology
Min Investment
$50
Location
Boston, MA
Offering Date
June 04, 2018
Expected Close Date
September 03, 2018
Target Raise
$25.00K-$1.07M
Deal Notes
  • Type of security: Crowd Safe · Learn more
  • Discount: 10%
  • Valuation cap: $10,000,000
  • Investment size: min $50, max $107K

Company Description

People who listen to podcasts really, really love podcasts. The US podcast audience has doubled in the last 4 years. There are 73 million people in the United States listening monthly, and once they start, they listen a lot: on RadioPublic people listen for 72 minutes each day. The podcast industry is booming, and RadioPublic is building the missing marketplace for creators, fans, and brands.

Perks

Invest $50 - A hearty thank you and our appreciation, plus nominate your favorite ‘hidden gem’ podcast (it can even be your own!) and we’ll give them a shoutout in our newsletter
Invest $100 - Your name on our "investors" page of our website (with your consent), a special “Investor” podcast badge for podcasters who verify their feed on RadioPublic, and nominate your favorite ‘hidden gem' podcast for us to feature.
Invest $250 - Join our beta tester list, receive a cool RadioPublic sticker, nominate your favorite ‘hidden gem' podcast for us to feature, and your choice of any previous perks.
Invest $500 - 15 minute feedback session with our product team (bring your podcast app wishlist), a super soft RadioPublic t-shirt, nominate your favorite ‘hidden gem' podcast for us to feature, and your choice of any previous perks.
Invest $1,000 - 1:1 consultation and recommendations with our Podcast Librarian, nominate a podcaster for an industry expert consultation, a RadioPublic hoodie, nominate your favorite ‘hidden gem' podcast for us to feature, and your choice of any previous perks.
Invest $2,200 - Create a custom audio ad spot for RadioPublic listeners, nominate your favorite ‘hidden gem' podcast for us to feature, and your choice of any previous perks.
Invest $5,000 - Interview with a RadioPublic co-founder at the PRX Podcast Garage on a topic of your choice (available for both remote or local), nominate your favorite ‘hidden gem' podcast for us to feature, and your choice of any previous perks.
Invest $10,000 - "Jam with Jake" (a 15 minute guitar lesson with CEO Jake Shapiro), choose a podcast for a custom podcast collection, nominate your favorite ‘hidden gem' podcast for us to feature, and your choice of any previous perks.
Invest $25,000 - We will fly you to Boston to meet with RadioPublic’s founding team and special guests over dinner, nominate your favorite ‘hidden gem' podcast for us to feature, and your choice of any previous perks.
Invest $50,000 - Join a discussion about podcasting at the literal birthplace of podcasts (the table at which Dave Winer & Chris Lydon invented the first podcast), nominate your favorite ‘hidden gem' podcast for us to feature, and your choice of any previous perks.

Key Deal Facts

The first podcast marketplace: a platform for listening, engagement, and revenue
From 0 to 600K MAU in first 12 months; listeners average 72 minutes per day
500+ podcasters participating in Paid Listens, the first tier of our marketplace
Led by media and tech veterans from PRX and the podcast network Radiotopia
Raised $3M+ from The New York Times, Project 11, WGBH, Bose Corporation
Verified podcasters who invest get a 20% discount in their CrowdSafe
RadioPublic is a Public Benefit Corporation

Use of Proceeds

  • 6% Intermediary fees
  • 2.3% Legal, accounting, and Form C preparation fees
  • 91.7% General Working Capital

Management Team / Advisory Board Bios

Jake Shapiro
Co-Founder and CEO
Co-founder of 3 ventures @radiopublic @prx @mattervc and 3 kids! Fellow @ashoka, @BKCHarvard #zebrasunite

Matt MacDonald
Co-Founder and Chief Product Officer
Co-founder @RadioPublic. Formerly head of product @prx. You should try pickleball and podcasts, together.

Chris Quamme Rhoden
Co-Founder and Chief Technology Officer
Co-founder @RadioPublic PBC after a long time @PRX

Deal Notes

  • Type of security: Crowd Safe · Learn more
  • Discount: 10%
  • Valuation cap: $10,000,000
  • Investment size: min $50, max $107K
Amount Raised : $145,338
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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