May 24, 2017

Millennial News Network Cheddar TV Raises $19 Million

Last week Cheddar TV, a finance, tech, business and media news network for millennials, announced that it has raised $19 million in its third round of funding. Led by Raine Ventures, investors include AT&T, Amazon, Altice USA, the New York Stock Exchange and Broadway Video, along with Lightspeed Venture Partners, Comcast Ventures and Ribbit Capital. This latest round of funding brings the grand total raised to $32.1 million, says Variety, and the company is currently valued at $85 million.

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Monetizing the Middle

Regular readers know that Russell Perkins is focused (fixated?) on a concept he calls central market position. A central market position is important because it can be monetized. Russell discusses examples of companies leveraging this position and shows how others can monetize and start identifying market needs to become the center of their own markets.

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