a16z Podcast Market Overview

Investments in podcasting companies have exploded in the past few years Podcasting Investments Over Time (Source: Pitchbook) 250 200 150 100 50 0 2 $7 1 2010 7 2011 $35 5 $33 $19 10 $92 2012 2013 2014 2015 Source: Pitchbook. Methodology: Filtered by "Podcasting" keyword, privately-held companies, accessed 5/15/19 © 2019 - Andreessen Horowitz 13 13 $40 2016 $161 23 2017 $203 29 $88 2018 2019 Deal Count (VC) Capital Raised ($ million) 56

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