Searching For The Pod Of Gold:

This month, pioneer Adam Curry is launching a podcast network, with 30 to 50 shows that will split ad revenues. The concept won Curry a $9.8 million investment from Kleiner Perkins Caufield & Byers and Sequoia Capital, two top venture firms in Silicon Valley. “We saw the amazing adoption across the Net, and it was obvious that there was a big opportunity,” says Mark Kvamme, a partner at Sequoia.

Not sure what they would do with $10M, podcasts cost close to nothing to produce, and bandwidth is relatively cheap… But KP and Sequoia are no slouch, I’m sure they’ve got great plans…