Friday, January 11, 2008

PhoneCasting Raises $500,000 Seed Funding

via MocoNews
 
Houston-based startup PhoneCasting has raised $500,000 from undisclosed angel investors. The company plans a service to let people listen to podcasts on a phone, and also create podcasts by recording them with the handset. PhoneCasting bought Podlinez and modified it into a white label service, and will offer its platform and services for free reports Tech Confidential . Founder and president Michael Sharp hopes to get a wide audience and sell advertising, and tie podcasts with affiliate marketing opportunities—"for example, if a podcaster reviewed the latest Stephen King novel, a listener could press a key to buy the book on Amazon.com (NSDQ: AMZN)". The proceeds will be split with 20 percent going to PhoneCasting and the rest to the podcaster. The company is seeking a $10 million first round.

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