Archive for July, 2008

4 Down, 296 Million To Go

Sunday, July 20th, 2008

In a recent Industry Standard post, Ian Lamont makes some points about how and why Podcast is “failing.” I can summarize a lot of things in the article with an old cliche:

“Failure to plan, is planning to fail.”

Michael Geoghegan started Grape Radio with one intent: to make it a business. He planned his success, and the last time I checked he was being played as part of the in flight entertainment on airplanes. Not to shabby. By producing great content, he can ask for (and get) great advertising revenue. It takes a lot of work, it takes a lot of great content, and it takes a little luck. Michael had a plan. He also knows it takes time to create great content, and it takes a lot of work.

The article states that, “Making programs is a labor-intensive process requiring special skills.” To this I ask, “Please show me a technology where you can reach the world for less than 300 dollars start up cost, and the skills needed are basic file management, the ability to work a word processor (Word Press), and the ability to talk.  I’ve helped 60+ year old people with Alzheimer’s learn how to podcast. It’s not that hard. Special Skills?

Orgran Grinder with Monkey

 

Being an organ grinder requires “Special skills” (how to turn a crank, oh yeah and you need a Monkey).  Let’s not get too silly shall we?

 

 

 

 

I think the lack of a plan is because Podcasting is still relatively new. We are throwing things on the wall to see if they stick. However, if nothing sticks we get frustrated and quit. There needs to be a plan. In my last episode of the School of Podcasting I comment on Paul Colligan’s Post that we need to quit “preaching to the choir.”

The article makes a great statement: “that means just over four million Americans are listening (or watching) podcasts on a given day — out of a total population of more than 300 million Americans.” To this I say, four down, 296 million to go.

I don’t think people realize that when they get into it, a one minute podcast will take 4 minutes to produce. A 15 minute podcast will takes an hour to produce. If you are doing video..um… OOFAH, you might want to double that (rendering video is a sloooooow process).

With this in mind dear podcasters do the following:

Pick your topic wisely
Plan how you will promote it
Plan how you monetize it (if you want)
Figure out where your fans are (and go there)
Think good and hard about “starting a second, third, fourth, podcast
Always remember that content is king, and production is queen.
Consistentcy will create fans you can count on because they count on you.

PodTech Sold for 500,000

Saturday, July 19th, 2008

In a recent story I see where Podtech was sold for 500,00. You may think this is a lot of money until you hear they had taken in 7 million in venture capital.  One of the reasons listed in the article at webware is ” the niche of “podcasting” didn’t play out.”This is my only worry about this story. It may fuel “Podcasting is Dead” tsunami that we saw at the beginning of the year. I hop not

I don’t really have an opinion because I never heard about Podtech (probably part of the problem). I only knew they hired “big name” people, and um… that’s it.  When I look at their directory of shows they seem to have some interesting topics (especially in the tech field).

In the meantime the little company that everyone loves to hate “Mevio” as secured their third round of funding.

Mevio Gets Another 15 Million

Wednesday, July 9th, 2008

According to a press release, “MEVIO today announced that it has secured $15 million in a Series C funding round led by Crosslink Capital and including Kleiner Perkins Caufield & Byers, Sequoia Capital, Sherpalo Ventures and DAG Ventures. MEVIO will use the investment to continue expansion of its broadband entertainment offering and to launch new vertical entertainment networks that offer advertisers a “brand-safe” platform to reach audiences on the scale and frequency offered by traditional broadcast networks”

Here are some other points from the story.

In the last six months alone, MEVIO launched a new online entertainment network, doubled the amount of media it delivers, re-branded the company (formerly PodShow) and introduced a growing lineup of top shows that generate over 50 million views per month, strictly from MEVIO’s wholly-owned properties and without the benefit of integration of an ad network.

In May of 2008, the company attracted over 9 million unique monthly visitors, up over 800 percent in the last twelve months. For the second quarter of 2008, MEVIO estimates page-views to exceed 140 million, up over 1,800 percent quarter over quarter.

But podcasting is dead right?