Luminary · B2C · paid podcast subscription
Raise $100M and launch a paid app with 50 exclusive podcasts
Never managed to scale
Failedpricingfinancing
What they did
Luminary pitched the 'Netflix of podcasts', raised $100M out of the gate and launched with about 50 premium shows behind a subscription.
What happened
Never managed to make it work or scale, per the guest.
- Effort
- $100M raised
In their words
Sub Club by RevenueCat · VC Funding vs. Bootstrapping for Subscription Apps — Martín Siniawski, Podcast App“I think now there's been more attempts at that, from Luminary, like it's a company that started with that pitch. They raised a 100 million out of the gate, they had like 50 premium shows, and they never quite were able to do that or or scale it.”
Related topics
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