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Security Type
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SAFE
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Categories
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Technology
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Min Investment
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$50
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Offering Date
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June 04, 2018
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Expected Close Date
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September 03, 2018
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Target Raise
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$25.00K-$1.07M
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Deal Notes
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- 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