Hello and welcome back to Equity, the Tech Runge Podcast, where we unpack the numbers and the nuance behind the headlines.

Today is January 31st, 2004.

This is Alex and welcome back to our Wednesday show.

This is where we dig into the critical startup and venture capital stories from the week

thus far.

Now as a reminder, this is our new format comments and feedback of course to

equity pot at techwrench.com if you want we've heard from some of you we

appreciate the notes we are always looking to make this show better for you. Now on the podcast today we have new races from

plucks and rebellions and Nile layoffs at a solar startup and then three bits of venture capital news that I know you want to hear.

All right, let's go.

Starting off, Media Streamer Plex has raised new capital. Now this company began life as a media

organization startup but has morphed over the years to become a one-stop shop

for all your media including critically critically, ad-supported streaming, which now accounts

for much of its revenue growth.

This round, Techburn's thought was actually going to be a little bit bigger, but I'll just

say this in the current market raising

$40 million is nothing to sneeze at. Now on the investor's side this is an

inside round so we're talking an existing series C investors.

Actually this is Plex's Series C3 if you're counting,

but it did see Intercap and Kleiner Perkins once again in the mix.

So if Plex has evolved, what is it today? Well, Plex users can watch free

ad-supported shows and movies, listen to music, stream live TV channels, or their own media,

...