There has been alot of blog talk about our lack of clarity on our business model. In my opinion when a company spends all their time talking about their business model then they really don’t have a business model. PodTech hasn’t been talking about our business model because we are out doing our business.
Here it is: we are a media network and the primary business model is funded by *advertising*. That’s it folks.
We have 37 full time employees and about a dozen contractors. We have 12k sf of office space on Page Mill road in Palo Alto. We raised $5 million in venture capital a year ago and have plenty left in the bank. At the moment we have 36 advertisers and growing.
I recently did a podcast with Businessweek’s Heather Green and I went into detail on the business and market.
Update: here is the link to the podcast.